Luckily I don't have much exposure, only about S$19k in US stocks, recently added S$4k to my S$15k.
But still loss is increasing from S$3k plus to S$4k plus.
Sg stocks are given by my mum, DBS, SGX and my RMG share options.
Read in HWZ about people losing S$100k!
How about you guys? What is yr loss and plans in this market downturn?
Unfortunately, I dunno how to play options, if not can buy put options and make money.
Fear index is high. As Warren Buffett says, one should sell when people are greedy and buy when people are fearful.
Think this is a buying opportunity.
The finance markets is now a casino
think it'll be some time b4 it gets better
no sell no loss no don't touch options. it's risky gambling like
A good friend is teaching me options and it actually is handy for current situation..but I'm still hesitant to try.
Anyway, hard to tell if it is bottom now or getting worse in the near future..but if you think those strong stocks are cheap enuff, just slowly accumulate your positions.
CheerS!!!😉
Quote from: GhostZM on Apr 05, 2025, 10:24 PMA good friend is teaching me options and it actually is handy for current situation..but I'm still hesitant to try.
Anyway, hard to tell if it is bottom now or getting worse in the near future..but if you think those strong stocks are cheap enuff, just slowly accumulate your positions.
CheerS!!!😉
covered put options? read yesterday on hwz or sth
https://www.investopedia.com/ask/answers/06/sellingoptions.asp#:~:text=Call%20vs.%20Put%20Options,-Options%20contracts%20give&text=Call%20options%20provide%20the%20right,they%20take%20the%20other%20side.
like very chim to understand
Quote from: default on Apr 05, 2025, 10:30 PMcovered put options? read yesterday on hwz or sth
Yeah kinda..but more like selling puts for new positions or use covered call for my existing positions.
CheerS!!!😉
Quote from: Mummy1234 on Apr 05, 2025, 11:37 AMLuckily I don't have much exposure, only about S$19k in US stocks, recently added S$4k to my S$15k.
But still loss is increasing from S$3k plus to S$4k plus.
Sg stocks are given by my mum, DBS, SGX and my RMG share options.
Read in HWZ about people losing S$100k!
How about you guys? What is yr loss and plans in this market downturn?
9k into cspx. Loss $800 total 11 shares of cspx.
Contemplating to throw in another 6k by Monday, not sure to go vwra or cspx.
Quote from: 老曾记 on Apr 05, 2025, 10:42 PM9k into cspx. Loss $800 total 11 shares of cspx.
Contemplating to throw in another 6k by Monday, not sure to go vwra or cspx.
What is cspx and vwra? Can teach me?
Quote from: GhostZM on Apr 05, 2025, 10:42 PMYeah kinda..but more like selling puts for new positions or use covered call for my existing positions.
CheerS!!!😉
Ya, if know how to bet on market direction can make good money too.
te lang pu cause this crash
Quote from: Mummy1234 on Apr 06, 2025, 08:55 AMWhat is cspx and vwra? Can teach me?
Sure I will share whatever I know, but my knowledge quite limited. The experts here, Correct me if I'm wrong.
Both cspx and vwra are Exchange traded fund (ETF).
Normal stock like nvda, u put money in, u just buy one stock.
If u buy ETF, it spreads to many companies to reduce the risk of putting all eggs in one basket, u buy a bit of share of every company.
Cspx tracks S&P 500.
It focuses on US companies, top 500 companies (dunno top in capital size or profits generated)
Vwra is world ETF covers both US and other parts of the earth eg China Euro Viet etc (top 4000 companies). iirc US still takes 60% of that proportion.
Quote from: 老曾记 on Apr 06, 2025, 10:07 AMSure I will share whatever I know, but my knowledge quite limited. The experts here, Correct me if I'm wrong.
Both cspx and vwra are Exchange traded fund (ETF).
Normal stock like nvda, u put money in, u just buy one stock.
If u buy ETF, it spreads to many companies to reduce the risk of putting all eggs in one basket, u buy a bit of share of every company.
Cspx tracks S&P 500.
It focuses on US companies, top 500 companies (dunno top in capital size or profits generated)
Vwra is world ETF covers both US and other parts of the earth eg China Euro Viet etc (top 4000 companies). iirc US still takes 60% of that proportion.
Thanks for explaining. I will see if I can buy those on my Poems mobile app.
I checked, they r both listed on LSE? London Stock Exchange?
Quote from: Mummy1234 on Apr 06, 2025, 10:20 AMI checked, they r both listed on LSE? London Stock Exchange?
Yes LSE.
I use interactive broker to buy cspx. Vwra also can be purchased there.
But do your own research to find out more about them before buying in case my understanding is inaccurate. I'm still a noob.