facebookHalloween is coming! πŸŽƒ Any personal finance horror story to share πŸ˜‚ ? - Seedly

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Anonymous

27 Oct 2020

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Halloween is coming! πŸŽƒ Any personal finance horror story to share πŸ˜‚ ?

Discussion (14)

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

πŸ€β€‹β€‹β€‹

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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