Anonymous
Is this a viable option? what should I be considering?
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Tan Li Xing
11 Mar 2020
Financial Consultant at Prudential Assurance Company (Singapore)
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Reflect and think about why you buy the 2 stocks above in the first place. If the fundamentals of the companies didnât change, will you sell? Is the company still valuable at current price? Do you think the coronavirus will affect these companies in the long run?
Most importantly ask yourself if youâre investing or trading. If youâre trading itâs normal to cut loss but for long term dividend investing, it may be wise to sit still and do nothing , or some may prefer to buy more to average down since price is beaten down.
Personally Iâm buying more of DBS when it dips, i believe DBS will recover, is just a matter of when. Meanwhile I can collect the dividends while waiting :)
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Buy high sell low?
Timeframe horizon?
Average down?
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Collin Seow CFTe, CPM
11 Mar 2020
Founder at The Systematic Trader
It is all depending on your time frame. If you are long term, can just buy and hold. If you are trading then you need to have a short loss. When you are trading, you should already have a plan : when to enter, take profit and cut loss before you enter the trade.
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If you believe in the fundamentals of the companies you invest in, you should not sell. Instead, ave...
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Hi Anon,
All investments are long term, if you are looking to cut the losses now due to the current situtation, I think you might want to consider safer investment instruments that suit your risk appetite.