Rabbit7 wrote:Hi Dennis: Met a friend, very familar in the mechanics of finance, yesterday. He advised not to touch the stock market but instead by into funds/insurancec modeled (investment linked) funds. He has seen many friends sold off the houses due to losses in the stock market. But because I have attended your seminar thus I come to understand the principal behind it. Though undeniably, I am still trying to digest what I have learned from the seminar recently.
Hi Rabbit7,
it's weird. If your friend says buy into ETF, maybe it makes some sense, but to buy into Investment Linked Funds with Sales Charges of 3%, annual management fees of 1% to 2%, policy admin fee of S$5 and many other charges, looks like your friend either is very ignorant himself or he himself is an insurance agent.
Come back to revision if you need.
Look how I structure my Investment Portfolio to make it ALL Weather Proof. People who sell off houses becos of investment losses obviously have NOT planned and prepared for Worst Case Scenario.
This is unlikely to happen to me or my seminar Graduates (those who bother to learn my Investment Principles and Strategies). It can only happen to ignorant people.
It cannot happen to me nor my seminar graduates becos I teach that the No. 1 Question you need to ask yourself is:"What if I'm wrong, will I be financially ok?" So we won't end up losing our house like your friend feared.
I'm so surprised and greatly disappointed that you did NOT even rebut your friend. Looks like you have NOT learned from my seminar.
Cheers!
Dennis Ng
Dennis Ng wrote:19 Aug 2011
Please remember that :
1. No. 1 question to always ask yourself is :"What if I'm wrong, will I be financially ok?"
2. Have at least 1/3 of your money in Cash as the Crisis might hit us very soon...(maybe just the next 3 months itself).
3. do not panic and swing to emotions such as Fear and Greed...make investment decisions based on FA, TA, Common Sense Analysis and Psychological Analysis (guess what the market participants feel).
4. start an investment journal and write down your thoughts and feelings, analysis, to keep as useful reference to look back in future. For me, I treat my postings in this forum as a record, so I don't need to keep a separate Investment Journal. Each posting I made, each analysis I shared can thus be used as reference for future.
5. Lead a balanced life. Despite the market volatility, I do NOT let it affect my work nor my mood. The reason is becos I have done 1 to 4, so no matter what happens, it is something that I have already prepared for.
Dennis Ng wrote:22 Aug 2011
I sold about half of my total stock holdings, currently my Cash holdings have been increased to 49%, stock holdings down to about 16%, the remainder of my Investment Portfolio remains unchanged.
ie. 7% in UK Traded Endowment with Capital Guarantee and remaining 28% in Real Assets, including 7% in silver, 2% in Gold, 7% in Land and 12% in an investment property. I consider my overall Investment Portfolio ALL Weather proof, becos no matter what happens, whether it is inflation, stagflation, recession or depression, I'll be financially ok.
Is your overall Investment Portfolio ALL Weather Proof as well?
I'm NOT giving anyone investment advice nor stock investing advice. I'm merely sharing with you what I did.
Remember that the No. 1 question I ask myself is:"what if I'm wrong, will I be financially ok?"
In my opinion, if I'm wrong, then I might miss out opportunity to sell those stocks I sold at a higher price...I might miss out on further gains, but I'll be financially ok.
But if this turns out to be the beginning of reverse of overall Market Trend from Up to Down, then market would have further downside from here, and I would be selling stocks at lower price level.
Please do NOT blindly follow what I do, please make your own final investment decision be responsible for any possible gains/losses from your decisions.
Regards.
Dennis Ng
zipink wrote:Dennis Ng wrote:My No. 1 question is:What if I'm wrong, will I be Financially OK?"
I'm sure this is something all my seminar graduates have heard me said and repeat many, many times.
From what Billionaire Peter Lim said in an interview in year 2007, you would probably conclude that the No. 1 question he ask himself is probably the same as me. (which ALL the multi-millionaire sifus also shared the same view).
'A lot of people get it wrong. When the bull market is here, they build debts. Bull market is the time to build cash. Because today's market turns very quickly. When the market turns, you cannot sell, especially for the property market. You can only sell when things are going up.
'So I always tell my friends: 'Make sure you stay alive. The market won't die, so there's always a next time.' '
I only invest with money I can afford to lose. To put it in another way, I already have >6 months of emergency funds.
So even if my investments lost some of its values in the short term, I won't lose sleep over it.
If you invest with money you can't afford to lose, you will be very stressed if the market turned against you, because that's all the money you have. If you are stressed, you can't think properly. If you can't think properly, you will tend to act irrationally.
Yeah, so make sure we stay alive first.
