I believe this week has been the worst performance week in share markets around the world.
I have seen this in year 1997 (financial crisis in Asia), 2008 (Lehman Brothers), but I still feel scary when seeing the shares over the world drops more than 10% in a week.
I think this COVID-19 financial crisis is like a marathon. It will takes some time to recover, depending on how fast the scientist can develop the new drug or vaccine to cure this disease.
As an investor or even speculator, we need to have some strategy to face this challenge in our share market.
Personally, I will keep and buy some bluechip counters or high dividend counters. Am using averaging strategy now. Every 50 points drop in KLSE, maybe will pump in 10% of my saving into the market. I don't think the KLSE market will drop below 1000 points.
Overall, 30% of my saving already in the share market. In this week alone, all my gain in year 2020 is disappearing. In fact, now I am having negative papergain, maybe around 5-10%.
My shopping list would be:
PBB (below RM17), AJI (below RM12), BURSA (below RM5), FPI (below RM1.50 after ex-div), ALAQAR (below RM1.30)
The others strategy would be buying company which has dropped a lot even they are not paying high dividend. The list would be:
REVENUE, FRONTKN, MAGNI (NIKE sales would be lower as many outlets in China).
Don't feel this is the end of the world when seeing the market is down everyday. Treat is as golden opportunity for you. Not easy to get this kind of panic selling in normal day. So, now you can plan your shopping list now. You can take your own sweet time to plan as I believe this crisis is a marathon unless new medicine and vaccine are ready.
Have a nice weekend.
https://www.facebook.com/pg/Our-Investment-Journey-%E6%88%91%E4%BB%AC%E7%9A%84%E6%8A%95%E8%B5%84%E5%8E%86%E7%A8%8B-106802820776934/posts/?ref=page_internal
https://klse.i3investor.com/blogs/GTRONIC/2020-02-28-story-h1484004745-Don_t_Be_Afraid_Be_Prepared.jsp
