always have a basket of blue chips... and a stack of gold bar at home.. plus a few condo to collect rent. that would be the ideal retirement plan.Originally Posted by chiaberry
always have a basket of blue chips... and a stack of gold bar at home.. plus a few condo to collect rent. that would be the ideal retirement plan.Originally Posted by chiaberry
of coz... my 2nd pot already bot and in the making.. wahahaha... i not asking for much, capital preservation + inflation hedge is good enuff.Originally Posted by chiaberry
yah, bank stocks are foolproof. unfortunately, i was a fool back then.
my 2nd pot already grow... and much more than that.Originally Posted by hyenergix
SG bank stocks maybe OK. Not overseas bank stocks.
In my UK portfolio, I had Lloyds TSB. Dropped down to less than 10% of the purchase px. In the past would have been considered a blue chip in UK. HSBC I bought before still OK, went up again recently. I only kept those 2 bank counters. The rest of my UK portfolio are in tobacco and utilities. They give good dividends and reasonable cap appreciation medium term (short term can be a bit volatile for the utilities). Recently diversified into supermarket (Tesco) and also took a punt on Burberry when it dropped more than 25% (saw the directors buying and went in to join their party lor). My UK portfolio is for me to play-play but can still learn a few lessons there. I haven't bought US stocks. Not enough time to read up on them. Maybe when I retire...but looks like I can't retire for at least another 10 years...
Wa lau... Damn painful... I bot Citi at 20 also... drop 1.50, I went in, then dropped to 1... Wa Lau Now overall damage not so bad... Other stocks made... Understand how you feel... Play stocks must not show hand... Must keep ammo for better cost ave and just in case got rights issue...Originally Posted by Shanhz
So play share must always keep ammo.
i did whack RBS stocks in the lowest of the lowest time. mar 2009 i think. recently sold to fund my purchase. still in the money. timing is still the most critical factor.Originally Posted by chiaberry
but yah. for sgp. bank stocks.. SGX. SPH. etc.. still the "close 2 eye can buy" type as long as not too high entry price. for my 3rd pot of gold, i will keep for next stk mkt crash and whack the banks.
yah, rights issue is the one silent killer. all this is lesson learnt, now if enter, buy a bit, set next price point, then enter again... the next, and next. last time.. woah, cheap cheap. throw everything in. then. no ammo left. last time, never think that cheap.. got cheaper.. got cheapest.Originally Posted by chestnut
life's like that lah.. need to pay sch fees. the earlier you pay, the better
My accountant was trying to persuade me to buy RBS stocks at one time. I think it was before 2007. I bought Imperial Tobacco instead. Heng argh! Now I am wondering if I can buy Barclays or not. I had sold a lot of UK shares in 2007 to fund my purchase of a London flat. Just as well I did that. The property will be fine over the long term (and collecting good rent) but the shares went down a lot after I had sold them. I itchy fingers. Had some GBP from an insurance maturity. Sitting in the bank account earning paltry interest. Must go and top up my trading acct.Originally Posted by Shanhz
chiaberry only has time to trade in the evening so the UK market is convenient for me. Cannot trade in SG during the day.
heng ah! lucky you never buy RBS. otherwise sure LS in the crash. i bot it becoz my banker told me to buy... so cheap. i look at the charts. WOAH! cheapest in history. quickly jump in. haha.. lucky it was the bottom of the mkt that time.Originally Posted by chiaberry
looks like you have heavy exposure to UK. worked there before? you would hv lost quite alot on FX also. but if in fixed assets and making money for you, then over long run it is still ok.
Your timing for RBS was good.Originally Posted by Shanhz
I don't have heavy exposure to UK but I have some money parked there from when I worked there before. My stocks are in UK's equivalent of SRS which I had contributed while I was still working. Only a small amount, like I said only for play-play. But I find the trading account there quite user friendly and easy to look at the charts and get info about the stocks so am considering transferring more of the UK-based funds into equities. Some of the stocks are good quality and dividends decent.
Cannot park too much of my assets in UK due to inheritance tax. Eventually I will have to move everything back to SG. Am looking forward to the day we can trade UK and US stocks via CDP in SG. My other half tells me that is akan datang. I am not in banking/finance sector so I don't know the details of it. But I hope the dealing costs will be reasonable.