I don't say in as many words, but basically my message was Crystal Clear in the forum (for the last 2 months).
That despite whatever happened, be it the on-going Middle East Unrest and Crisis (Eygpt, Libya...); Japan's earthquake/tsunami and now the on-going Nuclear Crisis).... so far STI corrected about 10% (3,200 to 2,950, yesterday 25 Mar 2011 it is back at 3,070.84 points or down by 4% only), that Major Global Stock Markets have NOT changed overall market trend yet.
Throughout my 18 years of investing experience, after I've gone through Market Crash such as 1998's Asian Financial Crisis when STI fell from 2,000 points to about 800 points, or 60%, or in 2008's Global Financial Crisis when STI fell from 3,900 to 1,456, or 63%, and during these 18 years, there were many Market Corrections (market falling by 5% to 20%)...
It helps me to look at things from a Bigger Picture, to be able to stay calm even during Market Volatility.
The last 2 months of Market Volatility is actually a very Rare and Fantastic Opportunity for ALL seminar graduates to learn more about the market, but more importantly, to learn more about YOURSELvEs and your own psychological (emotional) control or struggle.
I know some people have lost faith in what I teach, becos you might have bought stocks at higher prices than current prices.
Let me just show through numerical example to illustrate the Basis and Foundation of what I teach:
As mentioned, I'm a Market Cycle Investor. ie. I invest mainly to Profit from Major Market Trend, which is more predictable and can span 2 to 4 years, instead of trying to "get it right" on a daily or weekly basis. I realised from 18 years of investing experience that it is almost impossible to be right on Short Term Market Movements (eg. daily or weekly) on a consistent basis. However, to get it Right the Major Market Trend and reversal in trend from Bull to Bear or from Bear to Bull can be done and I've done it before, and that was how I avoided the Stock Market Crash in year 2008.
Imagine stocks you bought might have dropped 10% to 20% in market correction, you didn't sell.. then market after correction and moved up to say, 3,900 points (or 30%) and you might realise by now that when STI moves 10%, most stocks might move up or down 20% (more, not less)...so you might gain 30% to 60%...so at the end of the day, would you be making money?
If market turns down further and overall market trend reversed, we sell stocks and cut loss say at at 30% loss, STI falls by another 50% or most stocks would fall 50% or even more, then we buy back again when market bottoms....
When this happens we cut loss 30% but in return get the Opportunity to buy back stocks at 50% lower prices, so when market move upward back to current level, would you be making money or losing money?
And because I always advocate having some Opportunity Fund, so after market crashed, not only we re-invested at lower price, now we can even "double up" (put more capital in) at lower price, so when market recovers, would you make MORE money or less money than someone without Opportunity Fund?
I think you can work out the answer easily yourself. I am quite confident that I'll make money from Stock Markets no matter what happens, are you? Everything that helped me achieved my millions, I have shared in the seminar, the rest is up to you to really learn it, to really practise it, to really benefit from it.
What I teach really works, I have the money in my bank to know that. For many of you, you might NOT have witnessed yourself getting Richer from practising what I teach and do myself, thus, you might have many doubts (which is Normal), and you might resort to all kinds of TA signals, for instance, some graduates at different occasions shared based on some TA signal, what the market might do next week (and it turned out to be incorrect)...
It's not that I don't know all these TA indicators or knowledge, it is that after 18 years of investing, I realised many of these TA indicators are NOT really reliable and accurate. The most reliable and accurate (on a Market Cycle basis, not day to day or months) are the 50 day MA and 200 day MA....it's too simple some say.
Well, the good news is since it is simple, ALL of you (including those that start with ZERO investment knowledge) can apply immediately after my Seminar. I think I also managed to teach FA in a simple to understand manner as well, some graduates including AndrewNg after using what I taught can easily analyse stocks and arrive at their own conclusions, that different graduates using the same Criteria I taught are likely to arrive at the same conclusions...
And this is what I strive to do, try to combine, consolidate and distill from all that I learned from seminars, books and my "sifus", including my own 18 years of investing experience (the first 5 years being just "gambling" (1993 to 1998)...into a set of Principles, Strategies and Methods that a layman can Learn and Apply after just a 2-full day Secrets to Making Money in Stocks Seminar.
And the teaching and guidance does NOT stop at the end of the seminar, the end of the seminar is actually the Beginning of your Real Learning Experience, where you can ask questions or share your views/comments and learn from one another in this forum.
And I now spend average 1 to 3 hours on this forum daily to answer questions, post comments or share news/articles with you. And I'm so glad that graduates such as JamesTai, ein55, uris, and many others have also come forward to share selflessly, to benefit everyone.
Keep it up everyone! Keep up the sharing! Keep up asking questions! Keep on learning and I will persevere as well, as long as I know that what I do do benefit some people out there.
Dennis, I doubt what you teach works after these 2 months..
Moderators: alvin, learner, Dennis Ng
Dennis, I doubt what you teach works after these 2 months..
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Hi Dennis,
I just want to say here I still believe in you and all the financial knowledge that you teach us is very applicable to help us better manage our finance and be financially free.
The only thing is that we don't have the experience that you have and therefore when the deep stock market correction happen in the last few weeks, personally it is very painful to see that all our profit is all gone and seeing my paper loss keep increasing. Therefore it will be natural for me to react to it and take some action. For me I still use what you have teach us on the FA skill to analysis the stock that I have. Then I make my own decision on what I should do to avoid more losses just in case the market go down further.
As you mention before you are not God and I don't expect you to be always right all the time. But I know whatever you say is for our own benefit. If I never had learnt from you and or attend your seminar, I would not have a direction on how to invest and manage my money. You are also human being but the different between you from us is you have the experience and right financial knowledge that we all can learn from. And over the past few years knowing you, I know you never try to get more money from us but instead you keep trying to help us more money. Every day I know you spend almost 70% of your time to help us here and I have to say you have a good wife who give you the full support and believe in you. Kudos to Patricia and I want to thanks her for being so supportive of you to help us.
I understand you always advocate that we should not panic when there is a correction and must always try to see what you see that the overall Market uptrend is still intact. However we are not you and it is very naturally for many of us to doubt whether we still have the last rally that we can profit from the stock market. Is not easy for us to have the courage and experience that you have been through and therefore it's naturally for some of us to start to have doubts.
Just ignore all the people who doubt you as long as you know in your heart that you are genuine, truthful and wanted us to be financially free. Whether we have apply what you have teach us is our problem and not yours. If I choose to only believe everything you say, then that is my problem and not yours. If I lose money in my investment, that is also my problem and not yours because you never force us to invest anything against our wishes.
The greatest gift that you have given me is the right mindset of managing my finance and creating this forum for me to get to know so many wonderful, smart, nice and genuine people who really wanted to help and support each other here. We may not totally agreed with you but all our goal is the same and that is to be financially Free and have a comfortable and meaningful life when we retire in Singapore.
Keep on doing what you doing as long as you know you have the interest for all of us here.
James Tai
I just want to say here I still believe in you and all the financial knowledge that you teach us is very applicable to help us better manage our finance and be financially free.
The only thing is that we don't have the experience that you have and therefore when the deep stock market correction happen in the last few weeks, personally it is very painful to see that all our profit is all gone and seeing my paper loss keep increasing. Therefore it will be natural for me to react to it and take some action. For me I still use what you have teach us on the FA skill to analysis the stock that I have. Then I make my own decision on what I should do to avoid more losses just in case the market go down further.
As you mention before you are not God and I don't expect you to be always right all the time. But I know whatever you say is for our own benefit. If I never had learnt from you and or attend your seminar, I would not have a direction on how to invest and manage my money. You are also human being but the different between you from us is you have the experience and right financial knowledge that we all can learn from. And over the past few years knowing you, I know you never try to get more money from us but instead you keep trying to help us more money. Every day I know you spend almost 70% of your time to help us here and I have to say you have a good wife who give you the full support and believe in you. Kudos to Patricia and I want to thanks her for being so supportive of you to help us.
I understand you always advocate that we should not panic when there is a correction and must always try to see what you see that the overall Market uptrend is still intact. However we are not you and it is very naturally for many of us to doubt whether we still have the last rally that we can profit from the stock market. Is not easy for us to have the courage and experience that you have been through and therefore it's naturally for some of us to start to have doubts.
Just ignore all the people who doubt you as long as you know in your heart that you are genuine, truthful and wanted us to be financially free. Whether we have apply what you have teach us is our problem and not yours. If I choose to only believe everything you say, then that is my problem and not yours. If I lose money in my investment, that is also my problem and not yours because you never force us to invest anything against our wishes.
The greatest gift that you have given me is the right mindset of managing my finance and creating this forum for me to get to know so many wonderful, smart, nice and genuine people who really wanted to help and support each other here. We may not totally agreed with you but all our goal is the same and that is to be financially Free and have a comfortable and meaningful life when we retire in Singapore.
Keep on doing what you doing as long as you know you have the interest for all of us here.
James Tai
Hi Jamestai,
thanks for your selfless sharing in this forum, please keep it up.
it's ok to have different opinions. We must learn to agree to disagree. The purpose of a forum is precisely to Draw out the different views/comments/opinions/knowledge/experience of different forumers so that we can all learn and share with one another. I do learn from some postings by fellow forumers in the forum.
Each investment method or strategy has its own Pros and Cons. The key thing is whether the method has been tested to work and we must also examine the Logic and Reasoning underlying the method to see whether it can work again.
Market Cycle Investing has worked for me, I went from someone who used to take profits when I had 10% to 20% profit, to someone who managed to make 200% to 500% from stocks in a single Market Cycle. I also went from someone who at one point in time was so focused on TA, that I keep learning more and more different TA indicators until I became even more confused, rather than enlightened...
I also realised that if I set cut loss level at say, 5%, in certain market conditions eg. when market is moving sideways, there might be alot of Whipsaws and I ended up Buy High, Sell Low and incurring lots of transaction costs to my own Detriment and to the benefit of my Remiser...
Market Cycle Investing helped me to achieve my First Million Dollars, enabled me to avoid the Market Crash in year 2008, enabled me to start buying stocks from Oct 2008 (after collapse of Lehman Brothers) and enabled me to make over 50% gains in last 2 years, (of course if I had bought at the lowest point, I would make 100% gain, I think only god can buy at Market Bottom or sell at Market Top).
Of course in last 2 months, my Stock Portfolio is down (about 10%) quite in line with the market, but I think anyone going through ALL the stocks I hold would realise most of them outperform the market (with the exception of perhaps Tiong Woon)....and for Tiong Woon, I have examined and realised that I have acted based on psychological bias (a mistake), details in the Tiong Woon discussion thread.
So once again, it shows that investing, we don't have to be right 10 out of 10 times, we only need to be right 6 out of 10 times and get Richer over time.
But I think you can agree that based on what I teach, at least you have chosen stocks that have performed better than the average stock out there, and in this forum, I have shown again and again, how I managed to avoid some stocks that went down (much more) than those I actually hold. eg. Wilmar, Swiber, Capmall Asia, Li Heng, just to name a few examples.
I'm also learning as well. But for most of us, who have full time job or business, most of us really don't have the Time to monitor markets closely to try to buy and sell within a week or weeks.
It's clear for all to see what stocks I hold (I even create a discussion thread on stocks we mentioned in this forum), and people can guage and monitor their performance to know whether I'm making money or losing money on my stock portfolio.
thanks for your selfless sharing in this forum, please keep it up.
it's ok to have different opinions. We must learn to agree to disagree. The purpose of a forum is precisely to Draw out the different views/comments/opinions/knowledge/experience of different forumers so that we can all learn and share with one another. I do learn from some postings by fellow forumers in the forum.
Each investment method or strategy has its own Pros and Cons. The key thing is whether the method has been tested to work and we must also examine the Logic and Reasoning underlying the method to see whether it can work again.
Market Cycle Investing has worked for me, I went from someone who used to take profits when I had 10% to 20% profit, to someone who managed to make 200% to 500% from stocks in a single Market Cycle. I also went from someone who at one point in time was so focused on TA, that I keep learning more and more different TA indicators until I became even more confused, rather than enlightened...
I also realised that if I set cut loss level at say, 5%, in certain market conditions eg. when market is moving sideways, there might be alot of Whipsaws and I ended up Buy High, Sell Low and incurring lots of transaction costs to my own Detriment and to the benefit of my Remiser...
Market Cycle Investing helped me to achieve my First Million Dollars, enabled me to avoid the Market Crash in year 2008, enabled me to start buying stocks from Oct 2008 (after collapse of Lehman Brothers) and enabled me to make over 50% gains in last 2 years, (of course if I had bought at the lowest point, I would make 100% gain, I think only god can buy at Market Bottom or sell at Market Top).
Of course in last 2 months, my Stock Portfolio is down (about 10%) quite in line with the market, but I think anyone going through ALL the stocks I hold would realise most of them outperform the market (with the exception of perhaps Tiong Woon)....and for Tiong Woon, I have examined and realised that I have acted based on psychological bias (a mistake), details in the Tiong Woon discussion thread.
So once again, it shows that investing, we don't have to be right 10 out of 10 times, we only need to be right 6 out of 10 times and get Richer over time.
But I think you can agree that based on what I teach, at least you have chosen stocks that have performed better than the average stock out there, and in this forum, I have shown again and again, how I managed to avoid some stocks that went down (much more) than those I actually hold. eg. Wilmar, Swiber, Capmall Asia, Li Heng, just to name a few examples.
I'm also learning as well. But for most of us, who have full time job or business, most of us really don't have the Time to monitor markets closely to try to buy and sell within a week or weeks.
It's clear for all to see what stocks I hold (I even create a discussion thread on stocks we mentioned in this forum), and people can guage and monitor their performance to know whether I'm making money or losing money on my stock portfolio.
Last edited by Dennis Ng on Sat Mar 26, 2011 4:08 pm, edited 1 time in total.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Indeed the recent market correction is a test of one's ability to control his own emotions when comes to investing.
In the past, I would have runaway (sell off) looking at the current situation as I have no knowledge or experience in investing.
This time round is a bit different, i begin to think more logically and access the situation first before deciding on any actions.
I notice my portfolio holdings are stocks which are more fundamentally sound bought at a reasonable price so even when corrections comes, the loss is nothing compare to other stocks which are already way overprice.
As I diversify out my portfolio, not concentrating on just a few stocks, it even out the risk. Cos I always remember these words Dennis sifu always preach "What if I am wrong? Would I be financially ok?"
Lastly, I don't over stretch my limit so even though I love a particular stocks so much, I won't put more than 15% of my investible funds in them.
With all these, I am able to sleep more soundly at night not worrying about my investment portfolio even though the market go against me.
In the past, I would have runaway (sell off) looking at the current situation as I have no knowledge or experience in investing.
This time round is a bit different, i begin to think more logically and access the situation first before deciding on any actions.
I notice my portfolio holdings are stocks which are more fundamentally sound bought at a reasonable price so even when corrections comes, the loss is nothing compare to other stocks which are already way overprice.
As I diversify out my portfolio, not concentrating on just a few stocks, it even out the risk. Cos I always remember these words Dennis sifu always preach "What if I am wrong? Would I be financially ok?"
Lastly, I don't over stretch my limit so even though I love a particular stocks so much, I won't put more than 15% of my investible funds in them.
With all these, I am able to sleep more soundly at night not worrying about my investment portfolio even though the market go against me.
For beginners, it is "better" to lose first, learn the lesson and earn back later (likely there is still a major rally this year), If the last rally comes to us first, greeds may lead us to buy more at the peak, will lose much more when mega trend is changed.
Let's treat this as lesson learned from stock 401 - adv real life course. In fact, I can feel now each of us may have some new "strategies" after these crisis. Playing football, we need to strike, but also need to defend, else we may earn more but lose even more, net is a loss.
Although I don't like short term trading, some of the strategies can be extended to mid or long term investing cycle, but need some modifications based on individual's need and capacity.
Special thanks to Dennis as the "strong pole" to stablize our small investment boat during the current storm. When most people are quiet or pessimistic (can understand, losing money...no mood to share), Dennis still shares with us his views to encourage us or to warn us in adv. His passion in life-long investment education has deeply impressed me.
There is no sure-win game, but we can always learn through own experience, learn from others' success or mistakes, filtering the knowledge, integrating and refining ... becoming your own knowledge. More importantly, we don't give up after the first failure (don't give up does not mean to be persistent, it means don't lose the self confidence), improve our strategies for the next game to come.
Let's treat this as lesson learned from stock 401 - adv real life course. In fact, I can feel now each of us may have some new "strategies" after these crisis. Playing football, we need to strike, but also need to defend, else we may earn more but lose even more, net is a loss.
Although I don't like short term trading, some of the strategies can be extended to mid or long term investing cycle, but need some modifications based on individual's need and capacity.
Special thanks to Dennis as the "strong pole" to stablize our small investment boat during the current storm. When most people are quiet or pessimistic (can understand, losing money...no mood to share), Dennis still shares with us his views to encourage us or to warn us in adv. His passion in life-long investment education has deeply impressed me.
There is no sure-win game, but we can always learn through own experience, learn from others' success or mistakes, filtering the knowledge, integrating and refining ... becoming your own knowledge. More importantly, we don't give up after the first failure (don't give up does not mean to be persistent, it means don't lose the self confidence), improve our strategies for the next game to come.
Hi ein55,
thanks once again for sharing. I always look forward to your postings and I do learn from your postings as well. So keep it up!
When you overseas and not made any postings, I always find that something is missing in the forum.
thanks once again for sharing. I always look forward to your postings and I do learn from your postings as well. So keep it up!
When you overseas and not made any postings, I always find that something is missing in the forum.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Thanks ... but now seems to get "addicted" to this forum.
As you mentioned, sharing in public is a form of training. It requires proper analysis and thinking process (else anyone can challenge you but you are not able to defend), even we may be wrong, the experience gained will be very valuable.
For financial analysts who don't invest, it is easy to make all kinds of recommendations (probability is 50% right.... sometimes can be 100% because the market cycle is long enough, it could have 2 ending - profit or loss, at certain point, the recommendation will be "correct").
The challenge is when one is in the same boat, facing the same storm, need to come out with an impartial solution ... for others and also for oneself. Sometimes we need to learn to "detach" the investment as our own money, else it could affect our decision when correction comes. If we treat ourselves as owners (shareholders) of various company, we will be more understanding that the recent crisis will not have long term impact on the business of the company, it is unlikely we will recommend the company to close down the business to save the capital. If the company continues to make money, likely share price will grow and more dividend will be given. As a result, overall index (comprised of individual stocks) will go up too.
As you mentioned, sharing in public is a form of training. It requires proper analysis and thinking process (else anyone can challenge you but you are not able to defend), even we may be wrong, the experience gained will be very valuable.
For financial analysts who don't invest, it is easy to make all kinds of recommendations (probability is 50% right.... sometimes can be 100% because the market cycle is long enough, it could have 2 ending - profit or loss, at certain point, the recommendation will be "correct").
The challenge is when one is in the same boat, facing the same storm, need to come out with an impartial solution ... for others and also for oneself. Sometimes we need to learn to "detach" the investment as our own money, else it could affect our decision when correction comes. If we treat ourselves as owners (shareholders) of various company, we will be more understanding that the recent crisis will not have long term impact on the business of the company, it is unlikely we will recommend the company to close down the business to save the capital. If the company continues to make money, likely share price will grow and more dividend will be given. As a result, overall index (comprised of individual stocks) will go up too.
Dennis, I doubt what you teach works after these 2 months..
Hi Dennis Sifu and Ein55,
Thank you so very much to the selfless both of you, along with all the other regular contributors to this forum that had added lots of invaluable value-add to this platform making it such an addictive one to enable newbies like myself to be able to continue our learning journey after your courses.
Eric Chan
Thank you so very much to the selfless both of you, along with all the other regular contributors to this forum that had added lots of invaluable value-add to this platform making it such an addictive one to enable newbies like myself to be able to continue our learning journey after your courses.
Eric Chan
Hi ein55,
I think you're not alone in this "addiction". Other than addicted to visit this forum everyday and to share something, I'm also addicted to reading your postings. haha.
And nowadays, I spend more and more time on this forum everyday but I'm so delighted becos more and more graduates are coming out to share. But if there is a most active contribution award given, I think you are the Sure Winner and I sincerely hope that you can keep up your postings and sharing in the forum, as I know many benefit and deeply appreciate you for what you're doing.
Cheers!
Dennis Ng
I think you're not alone in this "addiction". Other than addicted to visit this forum everyday and to share something, I'm also addicted to reading your postings. haha.
And nowadays, I spend more and more time on this forum everyday but I'm so delighted becos more and more graduates are coming out to share. But if there is a most active contribution award given, I think you are the Sure Winner and I sincerely hope that you can keep up your postings and sharing in the forum, as I know many benefit and deeply appreciate you for what you're doing.
Cheers!
Dennis Ng
ein55 wrote:Thanks ... but now seems to get "addicted" to this forum.
As you mentioned, sharing in public is a form of training. It requires proper analysis and thinking process (else anyone can challenge you but you are not able to defend), even we may be wrong, the experience gained will be very valuable.
For financial analysts who don't invest, it is easy to make all kinds of recommendations (probability is 50% right.... sometimes can be 100% because the market cycle is long enough, it could have 2 ending - profit or loss, at certain point, the recommendation will be "correct").
The challenge is when one is in the same boat, facing the same storm, need to come out with an impartial solution ... for others and also for oneself. Sometimes we need to learn to "detach" the investment as our own money, else it could affect our decision when correction comes. If we treat ourselves as owners (shareholders) of various company, we will be more understanding that the recent crisis will not have long term impact on the business of the company, it is unlikely we will recommend the company to close down the business to save the capital. If the company continues to make money, likely share price will grow and more dividend will be given. As a result, overall index (comprised of individual stocks) will go up too.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Re: Dennis, I doubt what you teach works after these 2 month
Hi Eric Chan,chanfke wrote:Hi Dennis Sifu and Ein55,
Thank you so very much to the selfless both of you, along with all the other regular contributors to this forum that had added lots of invaluable value-add to this platform making it such an addictive one to enable newbies like myself to be able to continue our learning journey after your courses.
Eric Chan
haha, so you're another guy addicted to the forum. Welcome to the "club".
As I said, the seminar is NOT the end, but this forum will be the continuation of what we learn in the seminar and nowadays, I find the news and articles in this forum is probably better than what I can find in local newspapers, and we choose articles/news which might NOT be featured in local newspapers.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
-
smileyface
- Senior Forum Member
- Posts: 17
- Joined: Thu Oct 07, 2010 10:22 pm
Hi Dennis,
I do believe your teaching and really appreciate your effort to provide continue education to all of us after addending your seminars. I have been trying to practice what I learnt from your seminars as much as possible.
I used to subsribe to the buy-and-hold strategy. I suffered almost 40% losses on my portfolio during the 2008 crisis. Even when the economy recovered in 2009 and 2010, the value of my portfolio also recovered but not fully. I was still suffer 10% loss when I attended your seminars last year. After your seminars, I started to re-balance my portfolio from mainly blue chips to undervalued small cap stocks. The portfolio went up to 10% before the recent crisis hit. I do admit that it was a emotional struggle for me when I saw the gain was almost wipped out and heading to negative. My lesson learnt from 2008 crisis is to make sure I have an exit strategy. With the US economic is getting stable and the fundamental in Asia is very strong, I think the ME & Japan crisis would only cause a short-term correction. I never sold any stocks that I bought in the last 3-4 months. In return, I ended up using my opportunity fund to buy some more like OrchardP and UE ....
!
Btw, I am also addicted to this forum. Whenever I get access to internet, this is one of my must-visit forum. haha! Besides your posting, I do enjoy reading the postings from others too --- Jamestai, Ein55, lootster, alvin, strandlinz, wemakebread, ax....etc. Thanks for all your selfishless contributions.
I do believe your teaching and really appreciate your effort to provide continue education to all of us after addending your seminars. I have been trying to practice what I learnt from your seminars as much as possible.
I used to subsribe to the buy-and-hold strategy. I suffered almost 40% losses on my portfolio during the 2008 crisis. Even when the economy recovered in 2009 and 2010, the value of my portfolio also recovered but not fully. I was still suffer 10% loss when I attended your seminars last year. After your seminars, I started to re-balance my portfolio from mainly blue chips to undervalued small cap stocks. The portfolio went up to 10% before the recent crisis hit. I do admit that it was a emotional struggle for me when I saw the gain was almost wipped out and heading to negative. My lesson learnt from 2008 crisis is to make sure I have an exit strategy. With the US economic is getting stable and the fundamental in Asia is very strong, I think the ME & Japan crisis would only cause a short-term correction. I never sold any stocks that I bought in the last 3-4 months. In return, I ended up using my opportunity fund to buy some more like OrchardP and UE ....
! Btw, I am also addicted to this forum. Whenever I get access to internet, this is one of my must-visit forum. haha! Besides your posting, I do enjoy reading the postings from others too --- Jamestai, Ein55, lootster, alvin, strandlinz, wemakebread, ax....etc. Thanks for all your selfishless contributions.
Hi allsmileyface wrote:Hi Dennis,
I do believe your teaching and really appreciate your effort to provide continue education to all of us after addending your seminars. I have been trying to practice what I learnt from your seminars as much as possible.
I used to subsribe to the buy-and-hold strategy. I suffered almost 40% losses on my portfolio during the 2008 crisis. Even when the economy recovered in 2009 and 2010, the value of my portfolio also recovered but not fully. I was still suffer 10% loss when I attended your seminars last year. After your seminars, I started to re-balance my portfolio from mainly blue chips to undervalued small cap stocks. The portfolio went up to 10% before the recent crisis hit. I do admit that it was a emotional struggle for me when I saw the gain was almost wipped out and heading to negative. My lesson learnt from 2008 crisis is to make sure I have an exit strategy. With the US economic is getting stable and the fundamental in Asia is very strong, I think the ME & Japan crisis would only cause a short-term correction. I never sold any stocks that I bought in the last 3-4 months. In return, I ended up using my opportunity fund to buy some more like OrchardP and UE ....
Btw, I am also addicted to this forum. Whenever I get access to internet, this is one of my must-visit forum. haha! Besides your posting, I do enjoy reading the postings from others too --- Jamestai, Ein55, lootster, alvin, strandlinz, wemakebread, ax....etc. Thanks for all your selfishless contributions.
I m oso addicted to this forum too.
Thank you all (Dennis, Jamestai, Ein55, lootster, alvin, strandlinz, wemakebread, ax....etc. ) for your selfless/active contributions.
I am new and still trying to apply whatever i hv learnt from the workshop. Will try to contribute if possible.
This forum is very easy to get addicted to!
The first day when I got access to the forum I was on for hours!
If I don't get on this forum at least once a day I will feel something is missing! Lol!
Forum is about exchange of ideas and different angles. There are countless times when I read a contributors post and I will go "why didn't I see it that way!"
I learn from all regardless they are seniors or junior contributors. Different people, different views but we are all working towards a bigger picture, a common goal.
Dennis I have already told you what a good job you are doing and I really enjoy your lessons. There will always be negative people around, how we react to what they say is up to us.
Keep up the good work!
-Seeing is not believing, we have to believe first before we can see it.-
The first day when I got access to the forum I was on for hours!
If I don't get on this forum at least once a day I will feel something is missing! Lol!
Forum is about exchange of ideas and different angles. There are countless times when I read a contributors post and I will go "why didn't I see it that way!"
I learn from all regardless they are seniors or junior contributors. Different people, different views but we are all working towards a bigger picture, a common goal.
Dennis I have already told you what a good job you are doing and I really enjoy your lessons. There will always be negative people around, how we react to what they say is up to us.
Keep up the good work!
-Seeing is not believing, we have to believe first before we can see it.-
Hi Andy,andy chan wrote:This forum is very easy to get addicted to!
The first day when I got access to the forum I was on for hours!
If I don't get on this forum at least once a day I will feel something is missing! Lol!
Forum is about exchange of ideas and different angles. There are countless times when I read a contributors post and I will go "why didn't I see it that way!"
I learn from all regardless they are seniors or junior contributors. Different people, different views but we are all working towards a bigger picture, a common goal.
Dennis I have already told you what a good job you are doing and I really enjoy your lessons. There will always be negative people around, how we react to what they say is up to us.
Keep up the good work!
-Seeing is not believing, we have to believe first before we
can see it.-
thanks. Yes, seeing is not believing, we have to Believe first before we can see it.
CBA.
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
4 Apr 2011 - Since Oct 2010, I already mentioned that there is likely to be a Last Rally in Global Stock Markets. After the 2 months of Stock Market Correction, (despite Libya War and Japan Disaster), looks like Global Stock Markets are Poised and Ready for this last Rally.
Here's an interview I gave on 28 Feb 2011 on News Radio 93.8 FM: http://www.youtube.com/watch?v=YEMpKZRFiWk
Here's another interview I gave on 7 Feb 2011 on Channel News Asia:
http://www.youtube.com/watch?v=PhWNG8zMbaA
Last week I said that STI is amongst the weakest amongst the Global Stock Markets and when STI recovers to above 3,100 level for more than 5 trading days, then it might signal the possible end of the recent market correction.
Today, for the 2nd consecutive day, STI closed above 3,100 level, it went up by another 20.15 points to close at 3,140.62 points.
Have you positioned yourself to make money in Stocks? I have.
Cheers!
Dennis Ng
Here's an interview I gave on 28 Feb 2011 on News Radio 93.8 FM: http://www.youtube.com/watch?v=YEMpKZRFiWk
Here's another interview I gave on 7 Feb 2011 on Channel News Asia:
http://www.youtube.com/watch?v=PhWNG8zMbaA
Last week I said that STI is amongst the weakest amongst the Global Stock Markets and when STI recovers to above 3,100 level for more than 5 trading days, then it might signal the possible end of the recent market correction.
Today, for the 2nd consecutive day, STI closed above 3,100 level, it went up by another 20.15 points to close at 3,140.62 points.
Have you positioned yourself to make money in Stocks? I have.
Cheers!
Dennis Ng
Cheers!
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.
Dennis Ng - When You Master Your Finances, You Master Your Destiny
Note: I'm just sharing my personal comments, not giving you investment advice nor stock investment tips.