How long have you all been in the market? Do you all invest in turnaround plays? Can you share your experiences with them? ? - Seedly
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AMA The Fifth Person

Tan Jie Lun

Asked on 20 Feb 2019

How long have you all been in the market? Do you all invest in turnaround plays? Can you share your experiences with them? ?

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Victor Chng
Victor Chng, Co-Founder at Fifth Person Pte Ltd
Level 6. Master
Answered on 20 Feb 2019

Hi,

I have been investing in the market for 10 years already. Personally, I focus more on investing in good business so I have not invest in any turnaround play.

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Frankie Rappaport
Frankie Rappaport
Top Contributor

Top Contributor (Jul)

Level 9. God of Wisdom
Answered on 05 Mar 2020

I am in the market since 1996.

I lost a few (low total money) stocks like Worldcom or Lucent completely during

the internet bubble.

Otherwise I always added new stocks or ETFs from my regular salary, an only sold on very rare occasions with profit, that happened when I wanted to use the money for buying something expensive.

I still hold quite a lot of single (mostly) technology stocks, they develop well, but maybe not as good as technology passive ETFs.

Recently, with rare exceptions, I only buy passive ETFs in interesting sectors.

I can claim that I possibbly I didn't become rich, but I fared very well and have very acceptable average returns.

I also can claim that during many stock market crises, I never changed my

ultra-longterm Buy & Hold strategy. Especially I never had any reflex to sell equity during hard times.

So, I recommend to make life & Investing simple: don't play on turn arounds,

stay course ultra-longterm, use passive ETFs, avoid mutual funds, reduce fees as much as possible.

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