Originally Posted by
Secretariat
Princess,
Only a fool will say that Secretariat is LionKing.
And only a fool can dish out his so-called investment opinions, when what he has been doing with his own money is completely laughable.
He was unable to see property market gathering momentum in 2011, sold his Botannia, forfeited 3-4 years of rental income, and then paid the stamp duties to buy Waterview (in a lesser location according to Ringo's writings on the prospect of JLD), deployed fund there doing nothing.
And yet, today, still unable to see how foolish this whole exercise is.
Is Secretariat LionKing?
Before I left this forum last time, I wrote that I have been in Renotalk forum before posting in this forum. My online identity there is Lauer. Anyone who checked, can see that the writing style of Lauer is the same as Secretariat. Both use a lot of commas in a sentence. Both use would instead of will, could instead of can, to force myself to be low key, to be polite where possible.
When first posting here, I wrote all about risks,when I was vested. In this 2nd appearance, I wrote all about risks also, while clearly mentioned that I have divested. So, what hidden agenda?
When you are in the market, vested, there is nothing you can do about where the prices will go, except hoping that the subsequent buyers are prudent, because a prudent buyer is typically a strong holder. The durability of a bull market is the continual participation of strong holders.
And therefore, you want to write about risks, so that a potential buyer visiting this forum is aware of the present risks in the market.
Why am I writing about risks, having exited a market? It is because, I believe that, when you made a lot of money from someones in a market, you try to return the favors in a small way. You try, until it becomes pointless. And then your conscience is clear, you move on.
This forum has lost some good posters, Leed for example. For someone to post here, it cost him/her at least the time for the effort. We are not paid to write here, we dont owe anyone to write here, we don't have to share our experience.
It cost the reader nothing to read the posts. If you don't like what you see in a post, just ignore the content. You don't have to drive someone out, just because you don't like the post. You can drive ou someone genuinely good, and then the forum is left with fools like Chestnut. From then, everyday you are hearing fools talking, and you can believe what they said one day when you are less careful.
And anyone who dared MAS, guaranteed this or that scenario will happen in certainty no matter what, are obviously fools as well.
This is my last post for this 2nd appearance.
For you, and for others willing to listen. Assess all the risks in a market all the time. The risk curve is in the shape of a saucer. When you buy a property at the market bottom, the risk level is actually the highest, because no one really can tell where is the market bottom. And when prices increase, the risk level curves down, hits the bottom, and then accelerates up again. Saucer shaped.
Good luck to you.
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