Did You Exploit the Recession?
October 15th, 2009
The STI index closed today at a year-high of 2,712.15, up more than 80% from its bottom just 7 months ago.
About a month before the market hit the bottom, I talked about exploiting the recession. STI was around 1,700 then.
And about a month after the market hit bottom, I talked about market cycle investing and again advised that the time was right to put your money into shares after setting aside some savings. STI was also around 1,700.
If you had bought blue chip shares at those times, you would have made around 60% profit.
If you had bought property with a loan a few months earlier, you would have made even more.
That said, market cycle investing has its risks, but I think they are reasonable risks to take if you have excess cash savings.
Have you sold your investments to take profit?
still buying Says:
October 16th, 2009 at 8:32 am
Why sell? I’m still buying, risking half my profits.
sold all Says:
October 17th, 2009 at 1:48 pm
I’m not greedy, so I’ve sold all, making about $200k in total profits. All my shares made money. Will wait for the next opportunity. Currency crisis should be next. To be ready for it, I’m beefing up my forex skills at the moment.
Coffeebean Says:
October 19th, 2009 at 2:06 pm
Still holding, seems the trend still has potential to move up further. But has stopped buying and ready to take profit.
Singapore Short Stories Says:
October 19th, 2009 at 10:17 pm
I was late
broadmind Says:
October 20th, 2009 at 11:19 pm
well, i bought a condo in june for $1.2M, and based on recent transactions, i’ve a paper gain of $200K
BS Says:
October 21st, 2009 at 9:08 am
i just lost $500k in the stock market and the value of my condo in bukit timah went down by 30% (400k).
2BS Says:
October 21st, 2009 at 9:29 am
It means you probably bought at the peak!
crashing Says:
October 28th, 2009 at 12:54 pm
Nouriel Roubini: “Now we are in the mother of all carry trades.”
“In the short run, what’s happening is that there is a wall of liquidity, not just in the United States but around the world, that is chasing assets. It is equities, commodities, it’s credit, it is gold, it is emerging market asset classes”
“Everybody is borrowing, shorting the dollar, and investing in assets all over the world.”
“Once the dollar reverses, you need to close your shorts, dump assets…”
Watch video in http://www.cnbc.com/id/33477456
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November 18th, 2009 at 10:46 pm
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Invest During Recession | Salary.sg - Your Salary in Singapore Says:
August 8th, 2011 at 12:14 am
[...] If you had invested in blue chip stocks around March 2009, plus/minus 1 or 2 months, and sold early this year, you would have doubled your investments. Even if you sold in October 2009, just a mere 7 months after the market bottomed, you would have made a tidy 60% profit. [...]