Dear readers, as early as January this year, I was already wary of just how dangerous the Covid-19 could be to the world and the financial and stocks markets. I wrote on 21 Jan 2020 that the Wuhan virus (as it was called then before the Covid-19 name came along) could be like SARS. You could read the aforementioned post again here on “STOCKS MARKETS CRASH: WHY IT MAY HAPPEN?”
In my view, a good investor is one who is far-sighted. To be far-sighted, I encourage all readers to read widely. Do not just confine your reading to the local media online or offline. With the internet, there is no excuse not to read widely nor to carry out your own research on the economy and finance among the many websites on the internet. Read but read with your own discretion as not all literature on the internet is good. Form your own judgement after your reading. Read more to find out more if needed.
Regular readers of SG Stocks Investing would know by now that I have been highlighting much on building a war chest to take opportunities in the stocks markets when cash is King. With foresight, I predicted pretty much last year that the stocks markets will not crash in 2019. I guessed then pretty much, the stock markets would correct earliest this year. This is why I deployed some of my capital last year into fixed deposits so that they could be liquidated this year after earning some not significant but still decent returns. And then be used as part of an investment warchest this year.
Note: this article was first published on SG Stocks Investing on 9 May 2020.
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