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| Tuesday, October 30, 2007 |
| Importance of risk management |
I was reading through the Anwell thread in Share Investor forum, when I came across this new guy who vested a huge amount, using contra, based on a forummer's advise. He mentioned that he was a newbie and that he previously had burnt his fingers on uniAsia. Mentioned its all or nothing for his holdings.
Two things to bear in mind, if you are new, don't contra. Contra is difficult as you need good timing as well. While you might be right about 70% of the time, all it takes is one bad week, and most of the earnings will go "poof".
Second, don't listen for tips. While there might be genuine people, there might also be crocodiles. Always follow your own rationale for buying, that is unless your rationale is to follow tips. :) |
posted by Nenix @ 8:03 AM   |
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| NenixDreams Fund |
| Fund launchprice on 1st August 2006= $1
Target for 2007 = Beat STI index
Current price of NDF as of 1st Oct 2007 = $1.58
Current price of STI as of 1st Oct 2007 = $1.54
Difference with STI index is 0.04
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