San San wrote:TOL: i am running out of ideas to invest in [distressed] stocks, i seriously don't know what to buy now ...
i have done my best to buy the troubled ones (& that the economy was in splutter); perhaps we are entering into the next league of 'financial stabilisation'; could it be timely to use the next skillset
Welcome to the club !
As I have mentioned before:-
"During the AFC, the stock market dropped for 1.5 years and then rebounded for the next 1.5 years. A typical "V". Thereafter, it
trended downwards for 3 years ( due to poor earnings ) before resuming it's climb for 5 years ( earnings driven )". I was out of the market during most of that 3 year period...
It's the same feeling now. I cant find any good stock to buy. It's either:-
1) too expensive compared to it's business fundamentals or
2) I cant see any improvement in it's business fundamentals or
3) I cant see any strong catalyst that would move the stock in the next few months
However, I'm not limiting myself to Spore only this time. I'm also watching the counters in HK as well. Even with the wider net, I cant seem to find anything that I like...
And speculating on "Market Direction" can be hazardous to your financial health. One would think that a steep correction in the SSE would also cause something similar in HK. Yet, HK has been very strong throughout the entire 20% correction on the SSE
As I have mentioned, maybe it's time to spend the energy on building a business
or maybe go back to the corporate world
It's all about "how much you made when you were right" & "how little you lost when you were wrong"