The Biggest Threat of this WWIII is,
NOT from the Incompetent "Faked" Expert Fund Managers;
NOT from the Greedy Hedge Fund Directors,
NOT from the Complacent Regulators;
But from....................
YOU!!
Because you've failed terribly, failing to understand
Investment is NOT just about Buying Low, Selling High;
Investment is NOT just about Securing Profit, Reducing Loss;
Investment is NOT just about Sell when Others Fear, Buy when Others are Greedy.
Investment is about Putting YOUR Emotions Away.
Many of you are Living in the Good Old Memories.
Emotion runs High when seeing Price is Low and therefore rush to Buy.
But Only to Painfully discover a few months later, the "Bargain Price" is actually a "Bitter Price."
Just look at Citi Group.
US$55 in May 2007.
Less than US$5 in Nov 2008.
Last week, it was Less than US$1.
Just look at HSBC.
HK$153 in Nov 2007.
About HK$70 in Jan 2009.
Less than HK$40 as me typing this.
Why should one do NOW?
Did I NOT keep reminding you to "SELL, SELL, SELL.", Now is the Time to Sell NOT Buy?
Yes, it was Very Temping to see HSBC at HK$28 - a price that was last seen back in 89/90, when back then 4 share consolidated to 1 share - especially when a few high profiled billionaires in HK keep saying HK$28 is a "Super Bargain Price"
Sell it tomorrow.
Or you're to regret for NOT doing so in a few month time.
And if you wish, then buy it back at a Much Much Lower price.
Do your Maths NOW.
It's NOT about how much you've paid for it 3 months, 6 months or 12 months ago.
It's about HOW MANY shares you're have at the end of the day.
Assuming you'd bought one lot of HSBC (i.e. 400 shares)at HK$107.
Assuming you've sold HSBC tomorrow at HK$35.
You then have HK$35 x400 shares = HK$14,000.
Assuming fee = 0 for easy calculations.
Assuming HSBC falls to HK$30, you NOW have 466 shares (i.e.16.5% MORE HSBC shares!!)
If HSBC falls to HK$25, you NOW have 560 shares (i.e. 40% MORE HSBC shares!!)
This just reminds you NO MATTER How High Price you'd once paid for HSBC, it is NOW IRRELEVANT. The Most Relevant point is,
You NOW Have MORE Share WITHOUT paying More!!
Now it's Time to Look Forward NOT to Look Backward - how much HSBC ONCE worth is Meaningless - it is to worth Much Much Less than the HK$28 Offer Price.
The Coming Big, Big Drop is NOT restricted to HSBC, NOT restricted to HSI but Every Share in Everywhere.
Stay Calm this time.
Fate
Emotions could lead to Fatal Destruction
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