Stock market crashing

[Mummy1234]

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?

[Mummy1234]

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.

[Imboredtodeath]

The finance markets is now a casino

[sTiCkY]

think it'll be some time b4 it gets better

[semen blow snow]

no sell no loss no don't touch options. it's risky gambling like

[Chao seng]

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!!!😉

[Imboredtodeath]

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!!!😉

covered put options? read yesterday on hwz or sth

[Imboredtodeath]

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

[Chao seng]

covered 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!!!😉

[老曾记]

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?

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.

[Mummy1234]

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.

What is cspx and vwra? Can teach me?

[Mummy1234]

Yeah 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.

[jim889]

te lang pu cause this crash

[老曾记]

What 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.

[Mummy1234]

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.

Thanks for explaining. I will see if I can buy those on my Poems mobile app.