Quote:
Originally Posted by Unregistered
I never believe those who can talk one whole long story about their market timing rationale. Seen too many of these talk cock kings who got their arse ripped. Even the world best billionaire investor Warren Buffet admit he can't predict market go up or down, so I take all these millionaire wanabe who don't even have 0.1% of his money with a lorry of salt.
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Bro - read carefully. I never said I could predict.
I say I play the odds.
- Buy at all time high - odds against.
- Buy when interest rates can only go up - odds against
- Buy when record amount of TOP in both private and
hdb is due over next 3 yrs - odds against
- Buy when govt is doing everything they can to bring down the market to a soft landing (which is always the target but almost never achieved) - odds against
- Global uncertainty - odds against
- Positive local liquidity - odds for
- Continued low interest rate environment - odds for
Based on above, I'm happy to take the downside bet. Of course you never know for sure, but you have to make a fair attempt to try figure these things out with whatever data you can get your hands on, knowing full well the limitations of imperfect information.
Well, there's also the buy-and-pray strategy I suppose. To each his own.