Is it the end of rollar coaster ride?

After two weeks of roller coaster ride, the market finally seem to recover after Wednesday. The announcement of financial aids by the government has certainly helped to stabilize the market sediment. Prior to such announcement, the STI index at its start on Monday crashed down to its lowest point at 2,208 points.

 

And that was when I decided to enter the market. Some 30% of my war chest was activated. This was my second activation of the war chest since early this month. Thereafter the STI started recovering and ended at 2,528 points on Friday. Phew, I guess I got the lowest bottom this time. But is it the end of the roller coaster ride? Hmm, that is still pretty much early to say. 

This virus will not die off so easily, most of the general outlook on the event is this virus will eventually be contained by the Month of May, so that could means we still got 2 months to endure. The market can still be very much unpredictable, for now, with flowing in of government financial aids the market could see some stability but overall market is still pretty much vulnerable.  Countries like Italy, Spain and even our neighbour Malaysia are still in the early stage of the struggle and things could become worse.

This is a crisis which everyone has to overcome together. Until there is any effective cure for it, our body is probably our best defense against this global enemy. Sleep well, drink more water, stay healthy.

Another week of roller coaster ride

Following the crash down last week, it was followed by more bad news on Monday triggered by the lock down of Malaysia for 14 days. This triggered another crash down of the stock market to 2500 points and it was followed up with another bad new on the closure of Europe Union borders on Thursday which send the STI tumbled down to 2300 points. 

What a ride dive down the rail!!!

Yet again, this is the first time I see the STI crashed down so swiftly ever since I begun my journey in the stock market. The Covid-19 has triggered numerous series of bad events within a short period. While not as deadly as SARS, it spread more easily like a wild fire. Many countries subsequently implemented measures to contain the spread. With all the locking down and closure of borders, all trans international business are impacted.

I had been holding myself back for this week despite the weakness of the stock prices, I had since activated my armies a little bit during the early downtrend, so at the moment I am not entirely in a hurry to move into the market to average down my counters in the view that the situation could get much more worse. But that doesn't mean I am just sitting around praying for a miracle. LOL. 

I had spend my time working out my own positioning and comfortable entry prices on selective counters, putting them on my watch list. It is just not possible to determine the bottom of the prices, so it is better to determine my most comfortable entry prices and grab it when it hit my target price. After all, my investment lore are mainly focus on building a sustainable future, not much on profits. 

So guys, no need to ask me when to buy la. I also donno lor, because I donno your sizing, positioning and risk level. Lol.   

Until then, stay strong, be healthy and wash your hands often! :)

A week of roller coaster ride

It has been a week of roller coaster ride. Starting with the breaking through of STI 3000 points, followed up with up and down before finally plunge dive down to STI 2500 plus on Friday.

Wow. What a ride!

 

The roller coaster ride doesn't just whack my IPAD where my eyes constantly on the movement of the market. It whacked my phone and desk as well, as people come and goes asking me, 'Oh NO!!!!!!'....or 'Is it time ah'?..........or.....'how, which one can buy?'......

Hey! I am not god!!! I am as blur as you all. LOL.

The truth is, this is the first time I see the market reacted so fast. The past crisis of 2008 and 2016 was a gradual effect, build up over a period of time before hitting a low point. But this week was a roller coaster that suddenly plunge nose down like an World War 2 dive bomber.

 

Ok. Let us be frank. Some people are clapping hands...'Finally, crash liao' while some are crying inside blanket,'Die liao, my money...'

In this situation, there are some who find themselves trapped and wondering whether to take losses and sell. If we have the holding power and the companies we invested have the ability to recover itself as the market recover, it is thus just 'a matter of time'. If you find yourself unable to makan your food without brooding over the losses or even sleep in peace, hmm try think something else. 

Some asked me will it ever recover? The market eventually will recover, but not now, not tomorrow and certainly not next week. It took almost 3 years to recover from the 2008 crisis. The question now is can we hold that long to see another 'bull' market. There was indeed some which never recover from the shock, one example was the Singapore Airline which hit its highest point of $20 before the 2008 crisis, and another height at $16 in 2010. Thereafter, it hovered at the range around $10 for 10 long years. 

As I mentioned many times, we should not treat the shares market like a casino speculating its rise and fall. To me, it is just a platform to invest into a company, and because I have limited resources I would prefer to invest only during the period of crisis to ensure a good entry price.

Remember this facts!

All investment has risks! If we cannot understand the concept between losses and gains, then it is best to stick to the fixed deposits and bond.

 

Monthly Financial Updates

This monthly sustainability report does not include any of the salaried income. The basis for this monthly financial review is to gauge the sustainability status of my financial independence based on the total amount of passive income received. 

Well, its one of the dividend months! Total dividend received amount to $3488.70. This added with the rental income boast the household passive income to near $5000 for this month. Household expenses generally remained unchanged, but the wellness expenses still high.  I am afraid the expenses on wellness will be a permanent affairs. Well, life still goes on.

This month saw some activity in the market. The virus outbreak had finally made a dent on the market. On Friday, the STI index broke the 3000 points. Although not entirely the best period to enter the market, but I decided to mobilize a part of my armies and attack the market. Some 3% of the warchest was used.

So whom did I attack? I not gonna tell you guys, Heeheehee, :)