MrBrian

On Sunday afternoon I got ‘bombed’ by a bird. When I got back home I told my girlfriend and she said that fortune is coming to me.

Yesterday I made a nice little profit playing the stock market. 30% returns in less than a month. Not bad. Hmm. It could have become 50% if I had waited just 20 minutes more before selling, but I guess I’m still happy. Afterall, one shouldn’t be too greedy.

Singapore’s stock market is at an all time high nowadays. A good percentage of counters are seeing their historical high prices. Everything’s overpriced nowadays.

I have been reading about Uncle Buffet’s investment strategy recently and realised that it’s not really possible to apply it to Singapore’s market these days. Nothing is underpriced. One has to be really patient to wait for a major market correction before having any good buying opportunities.

Which means that stock market play is more or less about luck nowadays. The local investment community calls it to “Tikam”, which means something like to take a random gamble.

Well, I guess I rather err on the side of safety and take calculated risks rather than random shots. Afterall, any mistake can be very costly (I’d learnt some hard lessons before). That’s how I missed out on probably half a dozen “good buys” over the past month, but I guess it’s OK. There are really lots of opportunities out there, it’s just a matter of timing and precision.

Anyway, hey, if I can get this kind of returns by getting bombed by a bird once in a while, I don’t really mind =) At most I’d just bring Dettol wet tissue where ever I go!