Dear readers, yesterday I made my first investment for year 2021 and really after a long while. Though I have been sharing with readers how the stock markets have been volatile but when opportunities present themselves, it is really time for action!
This investment is not in a Singapore stock as there are currently not many opportunities in the Singapore stocks markets. Reason being Singapore stocks markets have really been boring for a long while and those picking up Singapore penny stocks for speculative plays will have to be really skilful in terms of trading else they would end up with heavy loss.
I made my first investment yesterday night in a US stock. The decision was not made on impulse as I have been watching this US stock for months and this stock has really gone down to a low to be very attractive indeed. I am bullish on the long-term prospect of the stock and hence I pressed the “Buy” button on this stock yesterday night and went back to sleep. This morning, I woke up and this US stock which I bought has already gone up by 6% in capital.
I did not go all out and put lots of capital. I entered this stock with a view to re-entering it again if there are further opportunities. Hence, the entry into this stock is via tranches.
With the advent of online trading, investors have many markets to choose from. Don’t be too fixated on Singapore stocks. Singapore stocks markets have not been doing well and the only reason I still support Singapore stocks is that at least the stock is stable and there is no foreign currency risks in investing in Singapore stocks. That’s said, now is really not the time to be bullish on Singapore stocks.
That’s it for my insights today. I Thank you once again for your support of SG STOCKS INVESTING, your Money and Lifestyle magazine! Connect with me here to follow the daily exciting and useful posts on these two blogs, Thank You for your support!
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