Wednesday, February 19, 2014
Wednesday, January 1, 2014
Wishing all readers a Happy, Healthy and Prosperous New Year!
May the stock market yield healthy returns in the year ahead! :)
On a side note, I have heard many conflicting opinions on what would be the outlook for the local stock market in 2014. Most broker houses are predicting 2014 to be a bullish year for equities with CIMB by far the most optimistic, predicting STI to reach 3600. (by the way, STI closed at 3167 for 2013 AND 2012 - how coincidental!) On the other hand, many "stock gurus" and "trading school" are predicting equities to be bearish. I still am undecided on this, and tend to "take it one step at a time". I believe that no matter, whether bullish and bearish, just follow the trend and you'll make money! Besides, it is still early to say and I dont intend to spoil the New Year mood and predict "the market will be bad next year"...
2013 was a good year for me. My portfolio grew 32% (2013) year on year reaching a new record high, better than last year 25.9% (2012) and much better than the annualized 11.7% growth (2010) I achieved in my first year. As some of my loyal readers are aware, I started in 2010, making 2014 the fifth year in my investment journey. What will next year bring? I do not know myself but I sure pray and hope for the best :)
Then to my readers, I know that in 2013 I havent been posting much. But I hope you readers still benefited from my post one way or the other. I am no longer a teenager, and some people have asked me to change my blog url/title. But, I wont be doing it anytime, as I am (and continue to be) an advocate of young people starting early investing in the stock market, as I myself have benefited much from starting early in my investment journey.
And last but not least, Happy New Year! HUAT AH!
Sunday, July 28, 2013
In the first chart, it shows a clear inverse head and shoulders in the formation....bullish eh?
However, in the second chart, it shows STI clearly resisted by the previous support turned resistance... volume is declining, suggesting a lack of strength to push higher...or is it?
To each his own. :)