I have dropped more banks from my portfolio - namely AMMB and Commerz in this latest run up. This does not mean that I am sure it is a sucker’s rally (although there are many who think it is) but my portfolio is now completely flat in terms of performance since its inception. If the market keeps going up then I will just keep selling at which point I will be making a profit. If the market goes down then I will have more ammo to buy into more stocks on the cheap (currently agree with my friend about being overweight in plantations.) This simple long-term strategy goes against human nature (which is to buy when we see things going up and hold when we see things going down) and is what has served me well over the years. Sell on strength and buy on weakness…. if you wanna stay in this game for YEARS.
Happy trading!
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- Malaysia Aims For Fifa Top 130 Ranking
- KLIBOR Futures And MGS Futures Close Untraded
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Stock Quotes
| DJIA | 7552.29 | |
| 000001.SS | 1983.76 | |
| ^STI | 1613.95 | |
| ^KLSE | 865.32 | |
| ^BSESN | 8451.01 |
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