13-08-2022, 09:03 AM
(13-08-2022, 08:45 AM)sgbuffett Wrote: I bought iFAST at 90+cts but did not sell when it went to $10, I sold everything at avg of $7.
I sunright I have not sold.
For China stocks, many losers but losses are made up with Li-ning which doubled and BYD which tripled from my buying.
My SG portforlio made up for the china losses with purchase of Semb Corp before the demerger has already doubled.
I am 2 minds about China. When I stepped into tthe arena , I was new to China stocks but knew it was risky. I had the funds after selling off Shopify an 8 bagger that multiplied my investment funds. All my money to invest in China stocks came from this single same. However, the Chinese story had many twists and turns....not that I think these investments are bad for long term but the volatility is tough to ride out...compared with the ease of Singapore Market which gave me many multibaggers like Hour Glass, Propnex ...and of course iFast which I sold after 7x gains.
The China journey taught me many hard lessons in investing.
We cannot know everything and see everything ahead, we can only prepare for the worse.
U are not investing, u r gambling. U bought thinking that stocks will keep going up. Or rather u keep asking people to buy high and u yourself kena stuck as a form of retribution.