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Chan Ze Ming
26 Oct 2020
Accountancy and Finance Student at Nanyang Polytechnic
Well, i listened to forums and lost some money, so basically i speculated. Technical won fundamental at that time (or rather shortist or something).
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Elijah Lee
26 Oct 2020
Senior Financial Services Manager at Phillip Securities (Jurong East)
Hello anon,
Yes, I have one.
Years ago, before I became a financial advisor myself, I was introduc...
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Your wellcome:
end of 2016 I bought (as my one and only deliberate speculative) stock CSGN (Credit Suisse bank) for ca. 60000 SGD worth hoping that after that longterm downward trend before, over a decade, the stock soon would recover. I sacked in some nice dividends, but for sure the stock also in the course of Covid still dropped more, I lost probably 32% stock value (at least 15000 SGD worth loss I guess) when I finally lost patience and sold.
Take home messages:
-don't enter into deliberate speculative turn around stock trades
-don't buy single stocks, but ETFs
-don't buy bank sector stocks (strained sector, particularly now during Covid Wave 2.0)
bye bye, happy & successful investing
🍀