atans1

Covid-19 investing: Beware of a double bottom

In Financial competency, Financial planning on 10/04/2020 at 10:30 am

As Mobius points out, historical bear markets on a global scale have averaged a larger 30% to 50% drawdown spread out over the span of roughly two years. Some have been quick to optimistically predict, however, that if the market cratered at record speed, perhaps it could recover just as fast because this time it is different. To refute the notion that lightning could strike just as quick to fuel an equal move to the upside, Mobius quoted the late John Templeton.

“The most expensive words in the world are ‘This time is different.’ I don’t think this time it’s different,” he said. “I think we’re probably maybe going to do a double bottom, jumping down again and pushing up again.”

https://sg.finance.yahoo.com/news/investor-who-predicted-the-start-of-the-2009-bull-market-were-not-in-the-clear-yet-104234346.html

I bot on the way down. Out of three stocks, one is ahead, two under water. Still got ammo.

Antidote to Covid-19 and market stress

In Financial competency, Financial planning, Media on 09/04/2020 at 4:44 am

The BBC (among others) recommend that to lessen the stress of Covid-19

— Limit the amount of time you spend reading or watching things which aren’t making you feel better.
— Be careful what you read

Hmm.

Until very recently, markets were tanking as if there were tomorrow. Maybe in such a situation, stop following the market.

Btw, markets are on a roll. Most say it’s a bear market rally. But hope springs eternal.

South Korea’s and S’pore healthcare systems compared

In Uncategorized, Public Administration on 08/04/2020 at 5:07 am

S Korea is often held up to be the gold standard in the fight against Covid-19. If so, contrary to what Lim Tean, Goh Meng Seng, Mad Dog and anti-PAP alt media say, the PAP govt’s management of our heathcare system is world class in general , and in the fight against Covid-19 ((bar the advice on use of masks, now amended: Masterclass ). Remember Korea is a developed country.

S’pore has also on a per capita basis tested more people for Covid-19 than S Korea. I can’t remember where I read this. I’ll cite the source when I find it.

And we do spend $, even if its from our own pocket. But let’s remember that anti-PAP cybernuts say CPF is a tax. If it’s a tax, then this spending on healthcare is public spending, not “Ownself fund ownself”.

Vote wisely.