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Fellowship of the Shares

This is what will happen if you trade online too much.

 

perhaps this is too loud...  how a soothing choir ensemble...





is this ok EastonBay... btw, you were walking around in Cape Cod?

 

Here's another 1:

 

and maybe I should  sing you a song....

 

ok folks, be cheered 

 

eastonbay, u have given me the correct name for chinkiasu's pictures or as u put it, emoticons.

 

Hello good people in this thread,



I was re-considering my second thoughts in Miyoshi (read its thread in SJ).  What do you people think?

 

chinkaisu: quick, quick! we need many funny emoticons to cheer many people up.

 

Sorry for the large animation.  First time (bahru mia) posting a "gif" animation in this forum.

 

I've already said at 11.28am today:  Better to pack up and go to sleep.

 

Have decided not to look at the prices of my vested counters so much today.  Still, if this is the correction most are talking about, then it's a pretty mild one.  I wonder if the BIG one is near, if any.  Meanwhile, have a cuppa and relax.

 

Dear bunbun,

It's good to know that you practice good discipline in share trading (or contra-ing?).  But still to take care because sometimes the tide will turn against us severely at the blink of an eye.  We cannot compete against those BBs.  We don't have the financial muscle.

 

dear l_tan888, thank you so much for looking out for me. i have a stop loss policy too. 5% is my limit :) but of cos, cannot keep going in and out juz cos it touches 5% all the time, else i very bo heng ;-) if say it doesn't break the resistance or touches the tip of it with low vol, i will usually wait and see how the next day.



so playing contra means i have time limit, 07 days. so that helps in "cutting losses" too. hahaha.



godpa, this week not playing contra. just stand sidelines to watch. market correcting so see which one to pick up for later :)

 

geojam,



My 2 BIGGEST mistakes previously were:



1.   Being sentimental on shares.  Not willing to sell even when down 20%.  Always thinking tomorrow or next few months will be better.  This is a very costly mistake.



2.   Didn't practice STOP LOSS.  Should have taken heed of those experts' advice earlier.  Short term pain is better than long term (10 years) pain.  That's why I'm giving my sincerest advice on this to bunbun now.  We have to print that in our head.  "Stop Loss, Stop Loss,..... Red alert".



Nice sharing with you all these.

 

i-tan888

Just imagine if bunbun  will have bot some bank shares yesterday.Today she will be very sad girl.

Yes ,life is tough,always get con here and there.

i do agree that life here is a bit less pressure cooker than spore.

Regarding tax for my son,yes i know,he has to bear it.

That is why,must die die force him to do commerce so that he knows some taxation stuff.

Cheers

 

geojam,



I've already said half my current holdings are under-water.  Fortunately, the other half helps me to breakeven.  I think we all got conned by the share markets many years ago, huh?  Sama-Sama lah.



You can say you quit in Australia, but what about your children in the future?  Unless they revise their welfare system, it will similarly be applicable (taxed at 48 cents to the dollar) to your children.  So, the next generation will face the same consequence, unless they emigrate.  Anyway, the pace and standard of life in Australia may be better and less hectic than our "pressure cooker" kind of life here.  So, maybe it's still worth paying that 48 cents afterall. :>)

 

I-tan888

i ahve a watchlist of about 20 stocks.All red man,except SPC sticks out like sore thumb.

Anyway,my nephew,he does not know how to handle the money.many ppl thought that S$200k is alot of money and can last forever.Buy BMW etc...

Agreed that tax here is high,that is one reason why i quit early rather than pay 48 cents in the dollar.

Cheers

 

geojam,



It's sad that your nephew didn't make use of his $200k wisely.  Anyway, I cannot comment because I don't know his real situation.



You are lucky that the Australian government welfare will support you.  I doubt this will ever happen in Singapore.  If MM Lee Kuan Yew is still working at 83 years old, the government don't see why would any healthy body stops working before that.  However, your taxation is very high.  So, that's the pros and cons between your system and our system.  In Italy, it's the same and now the ruling government is trying to modify their welfare and pension systems, but being faced with a lot of resistance.  It will take years because people just cannot accept changes overnight.  Otherwise, there'll be riots.



I agree with you that life is tough.  But our goal is to lessen this burden.  Only then, can we said we have achieved a satisfactory and meaningful time in this world.  Cheers.

 

i-tan888

let me start by saying i am not an expert in fincial planning.

We are only talking"general"here and just trying to express our opinion.

So readers of SJ,please read with pinch of salt.

It is said that to retire comfortably,u have to have at 75% of ur last drawn pay.but it vary from person to person.

It would also assume that when u retire the house should have been paid for.

the best q is how do one knows when he or she is going to die?

I have lost touch with spore,but here if i should go bankrupt tmr,i can still go to the govt.for money,tho not much.

Lastly,my nephew,inherited S$200k when her mum died,in ten years the money is all gone and wanted to borrow from me.

Tell him too bad.Life is tough man.

Cheers

 

geojam,



To retire comfortably, you must have wealth.  These are Money Making Machines (MMMs).  There's always the question:  "How long can my reserve lasts if I were to stop working tomorrow?"  1 month, 3 months, 6 months, etc?  This is no good. 



Even people in business are afraid when asked this question.  There is no guarantee that the business will be on-going forever.  Take for example, DELL Inc.  Now, Michael Dell is going back as CEO because his company has been in poor hands.  I'm very sure he's getting worried now.  Furthermore you have to continue to work on it to enable its continued success and prosperity.



During this CNY, I met my niece at a gathering.  She told me she had just bought a HONDA FIT and took a 10-year loan.  I said:  you "seow" or what?  Do you know how much interest charges you'll be paying for the car eventually?  She said the loan only costs $400 per month, ok what?  But I told her:  for 120 months you must pay $400 for each month.  I'm sad that these people just look at the short term (I call it short-sighted) and do don't proper financial planning.  I told her again:  Eventually, you must buy a house (probably with your hubby), have a family, etc.  So how??  And your loan is 10 years down the road?



Anyway, some examples of MMMs may be:  rental incomes from housing, stable dividends from stocks and shares, networking sales (but I don't really confer this because you are actually getting someone else to work the money for you), etc. 



Well, I'm still working to accummulate my MMMs.  I admit that with no children, things are much easier and achievable.  Also, our expenses are not exhorbitant.  To retire comfortably, means you don't need to work to survive.  You should have enough recurring resources to last till your last breath.  You begin to start doing things for your passion without ever worrying if you'll get paid for it.  Okay, I may sound a little bit "cheong hey" here, but think about it, if I'm right?