The Singapore stockmarket recovered by 50% from 1400 to 2100 (on the ST Index) over the past two months.
I did not buy any shares during this period, so I missed the rally. But I did not sell any shares either, during the decline from 2400 to 1400. So, they cancelled out.
This illustrates the importance of staying invested, for a long term investor. If one gets out of the market, when conditions are gloomy, one is likely to miss the rally. It is difficult to time the market. It is better to invest for the long term, and take a long term view.
Even the experts like Warren Buffet adviced investors to take a long term view and invest over a time frame of 10 years or longer.
- ► 2013 (348)
- ► 2012 (1270)
- ► 2011 (1873)
- ► 2010 (2369)
05/03 - 05/10
- Promises made at the NTUC Income AGM in 2008
- NTUC Income's Bonus Cut
- Scenes from Vancouver, Canada
- SCMP:Sanctions loom in Lehman investigation
- Perils of global banking
- Electric powered vehicle
- Pleasant weather in Vancouver, Canada
- Low Job Satisfaction
- Lower alert level for Influenza A (H1N1)
- Strong recovery in Singapore stockmarket
- Survey: Competition and Fair Trading
- Are bonuses declared fairly?
- SCMP: Minibond meetings
- China Daily: are leaders retired?
- May the rulers be righteous
- Available for rental: Thomson View #17-xx
- Insurance company disallow revival of policy
- Advice from three religion on how to handle debt
- Terminating existing policies
- Contractor Particulars
- Are we over-reacing to Influence A (H1N1)?
- Is Singapore over-populated with foreigners?
- Unfair treatment of policyholders
- Surrender of AIA poilcy
- Worried about AIA's future
- Financial Guardian - a difficult decision
- Critical year offer - seek advice from CASE
- Wrong advice about bonuses
- ▼ 05/03 - 05/10 (29)
- ► 2008 (2105)
- ► 2007 (1803)
- ► 2006 (696)
- ► 2005 (159)