Strategy for H2 2022

We all cannot deny that the Covid-19 and Russia-Ukraine war has impacted us in many ways, not just the stock mkt, but also economy, political and social norms.

In my humble opinion is that if your stocks have dwindle to almost half price of what you just paid, hold on and have faith in the companies. Worst case scenario is you lose money if stocks are suspended. But nevertheless, dont be too hard on yourself.

Since the Russia-Ukraine war and Covid-19, life has never been the same. Inflation, Supply Chain constraints, shortage of chips, etc have impacted both economy and political resulting in "deficit" sustainability.

In my previous posts on trading, I mentioned about buying only 3 times while catching the falling knife. As a conservative investor, my philosophy of investing is NEVER LET GREED CONTROL YOU and spread your money into different baskets, ie. 30% to 50% cash reserves for emergency/contingency, 10% in ETF, 10% in Regular Savings Plan, 10%-20% in stocks (dividend stocks or growth company stocks), 10% in endowment or fixed deposits. This method may differ from individuals depending on your risks appetites as well as the type of investor you are. As a general rule, dont spent beyond what you dont have or gamble away your household expenses or children education fees as this will rob you of the joy with your family or your relationships with others.

As I do options trading, my humble opinion is to PAUSE for now as the bear market has not ended. Previously i have made decent profits through options trading and the options have expired. However bear in mind if you intend to do options, trade those within your budget in case your options get assigned. You MUST HAVE SPARE CASH IN YOUR BANK. Once it is assigned, you will realise that the prices keep falling and the assigned price is now a liability until the bull run.

I was late in watching a youtube video where prophecies were given for 2022 to be a "down" economy. Of course those short sellers would have made lots of money which I dont do short selling.

As we approach the end of 2022, the prediction for 2023 is also not very good. In my previous posts sometime this mid year, I mentioned that I am queuing to sell off my stocks so that I can enjoy life to travel and spend time for myself. Due to the bear and volatile market, my queue is still there as the bull has not run yet. I am optimistic that the bull will run a short time for me before 2023 kicks in. I choose to trust in God and not pursue monitoring stock prices daily. Because at the end of the day, we are exchanging our lives for what we do. Redeeming my time for a purposeful and meaningful higher calling is my priority for now as life is unpredictable.

As you have read about the Seoul Halloween incident, sadly many young lives are lost and my heart goes out to the grieving parents. Let us focus on doing good, to make a difference in other people's lives and to spread happiness and positive experiences for we have to give an account of what we do on earth when we die. Of course we need money to make a living and be generous to others for generosity will come knocking at your door.

I would recommend Regular Savings Plan, 10% in banks stocks, 10% in endowment or govt bonds or fixed deposits to grow your money safely without worry.

Happy Investing :)

Seek first the Kingdom of God and His Righteousness and ALL THESE THINGS (healing, health, wealth, relationships, career,etc) WILL BE ADDED TO YOU.