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

Tan Jie Lun

05 Mar 2020

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SeedlyAMA

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

AMA The Fifth Person

Discussion (2)

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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.

Victor Chng

20 Feb 2019

Co-Founder at Fifth Person Pte Ltd

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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