Sunday, July 19, 2009

just a thought about share market

What a 'celaka' business! I admit of being a chicken. In five years of investing, i have missed a few golden opportunities. The most recent crisis is an example. Back in December when the market was at its bottomless pit, I did not took the opportunity to buy anything, although the valuation for some companies like Top Glove, IOI Corp, Public Bank were at absurd low. Knowing that these companies had strong track record during good and bad times, it was a golden opportunity to own them. Also knowing the history of the Great Depression, where shares appreciated 30% before any sign of recovery in the general economy, i should have been prepared to make the swoop. But alas, fear of a deeper recession and the market hit even greater low freeze me in my step. Great mistake! The market has recovered almost 25% from December low. What add salt to the wound was i have amass plenty of cash for just this sort of scenario. Moral of the story, have an idea of what stocks you want to buy, at what value and when the storms hit hardest, go for them.

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