Happy Fathers' Day!
"Invest 60% of your money and never trade more than 3% of your market portfolio."
"You can trade with any stock, but always stick to your stop loss and target prices to take profits."
Wierd advice from my dad on my investment journey.
My dad has been a great mentor in my investment journey, although he prefers to hold local stocks long term, make small trades and discuss stocks over coffee. He made good returns with $Oceanus (579.SG)$ in Jan 2021 this year from a coffeeshop tip off. Surely all the advise may not be the best ( singtel) but big gains or small gains are all gains. His/My NO.1 trading rule?
"Invest 60% of your money and never trade more than 3% of your investment portfolio."
Thanks dad.
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Akira Neon : 60% is the total cash on hand or include CPF?
Johannpee OP Akira Neon : Hey, excluding CPF.
TanJames6 : 3% of market portfolio meaning??
Johannpee OP TanJames6 : At the sum of your stop loss trades, the amounts should not be more than 3% of your portfolio.