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wmsoe Male ID: 102088986
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    wmsoe liked
    $DBS Group Holdings(D05.SG)$ What shareholder is cashing out and smashing the market every day. It's disgusting. I want to cancel my DBS bank account!
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    wmsoe liked
    $DBS Group Holdings(D05.SG)$ Were dividends paid on the 22nd? Why haven't I received it?
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    wmsoe reacted to
    $DBS Group Holdings(D05.SG)$ thank this stock to help catching up from the falling of sxx!
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    wmsoe reacted to
    2021 is the first year i started to invest in stocks. What a rocky year to start off with🤣 l’d like to share my 3 biggest mistakes and experiences as a new investor.
    First of all, I recalled that I had a dilemma - buy at all time high if not it will go higher and never come back down OR wait till it drops. It’s scary to see the price increasing higher and higher. I asked myself “do I buy now when it’s all time high or wait and buy when the price drops?” I waited only to see it increased 😂 and I hurried to enter the market to buy only to see it dropped and dropped further 🥲
    One other mistake I made was not a very smart decision to buy shares of a single company with a lump sum and lastly, the mistake was to invest ALL my capital in my portfolio.
    What’s wrong with the mistake above and what have I learned is that, firstly, I learned to ONLY buy what I can afford. When we see the price at all time high, we all hope for a discount but it can go either way so i have decided to BUY only if I can AFFORD to LOSE. Of course, I have to do homework to find out if it’s a good company that I can invest in for a long term.👍
    Secondly, investing with a lump sum with all capital made me realise that I do not have enough cash to buy when the price drops for dollar cost averaging and i realised I have to keep checking on my account balance because I fear that I might blow my account.
    So what I did was that I decided to sell one of the stocks that takes up a greater portion of my portfolio. And before I decide to sell, I was hoping that it will go up to breakeven. However it didn’t and I sell at a greater loss. Good news is that I was still able to preserve most of it. 🥲
    This investment experience allows me to realise the importance of patience, value and risk management. I learned that the guts to selling stock (that is either going to harm your capital or losses its value) at a loss is also a must-have in order to prevent the losses from snowballing.
    When I first started out, I focused on growth stocks. Now with the extra capital from what I sold as mentioned above, I invest part of it into SG dividend stocks, with the rest as back up capital. This allows me to not worry so much when the market crashes as I have the capital to dollar cost average. It also helped me to not frantically check on my portfolio every now and then, knowing that I have the capital to prevent margin call. Even if I lose all the money in stocks, part of it is still in cash (for future investment if there’s good stocks or dollar cost averaging) this allows me to have a peace of mind as I know I won’t be losing all of my money.
    Stocks are for long term and investing a lump sum can bring quick cash but also increase the risk. Right now I learned how to manage risk and also allowing myself to hold stocks for long periods of time. I believe it’s personal risk and investment preference so i believe everyone has their own way of investing (market timing, lump sum, dollar cost averaging, etc). I hope I have shared some insights and also to remind myself of the things I learn and I hope moomoo will continue to provide good investment experience for us. Wishing everyone Merry Xmas and looking forward to 2022!
    $DBS Group Holdings(D05.SG)$  $ROUNDHILL BALL METAVERSE ETF(META.US)$  $Apple(AAPL.US)$
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    2021 is a year of volatility. It has witnessed the rise of meme stocks, starting with $GameStop(GME.US)$ and WallStreeBets early in January and up to the moon $AMC Entertainment(AMC.US)$ in June. After the 2020 pandemic, S&P 500 rallied 100% within 354 trading days*. In times of chip shortage, investors are also watching the tech stocks closely. Not to mention dramas like what caused by Elon Musk and Donald Trump on $Tesla(TSLA.US)$ and $Digital World Acquisition Corp(DWAC.US)$ . What a year!
    *Source: CNBC Maekets News
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    Final Words: 2022 Will Be Everything You Want It To Be
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