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Anonymous
I am 25 and has decided to buy my first stock.
Should I hold on for a while more where there is the possibility of that the stock price might fall slightly?
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Lim Qin Da
20 May 2020
Finance & Business Analytics at National University of Singapore
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Pretty sure doing all homework also include knowing what companies to buy & buy at what target price range to ensure you dont over paid for it
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It doesnt really matter if you are going for long-term investing, like 10-20 years. I would say just buy it when you and others consider the price is low (if the stock is popular, people will talk about it when price is low)
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Sorry, my private feeling, no insult intended, as to Your homework:
-single stock investing could be mistake #1 (as many finance studies have demonstrated)
-thinking that there is an appropriate entry point could be mistake #2 ('market timing')
what also to avoid, find (if You still like) here:
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If you are having this mentality that the stock price will keep dropping, you will end up 'missing t...
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Answers from the panel!
Sudhan (Seedly): It is indeed very hard to time the market. So for me, after I have researched on the company and I think that it has a great potential to grow, I would just invest straight away and not think about when to invest. I would also have the expectation for the stock to drop after I invest. With that, if it goes up then it's a bonus. I would invest for the long term, 5/10 years or even longer. If it is a long horizon, a few cents down would not really matter.
Ser Jing (The Good Investors): There is no perfect time to buy a share (Amazon example). So if you find a really good business that you think is worth at a reasonable price, by all means I think you should go for it.
For more discussions on SeedlyTV S2E05, you could check out the video and Q&A here! βββ