The Golden Opportunity Has Arrived!!!

Massive plunge on stock market. 

I was really surprised by financial headlines when I got home just now. Apparently there is a massive stock selloff happening around the globe. Due to the great fall in Wall Street (thanks to US debt crisis) last night, many panicking investors today sold off their stocks. This caused a huge earthquake on the stock market and rattled everything from market indexes to regular stocks that are not seen since 2008 recession. My REITs have been affected but not as serious compared to high-growth stocks. For the first time since June rally, I am seeing red figures everywhere on my portfolio but in a swift outbreak of joy, I loaded 1k shares on Starhill Global at a much cheaper price. I have also ordered another 3k shares on AIMSAMP-REIT but due to the unstable buy/sell volume happening now, my order is jammed. Guess I would do it next Monday then.

Thanks to Benjamin Graham and Warren Buffett - CASH IS KING.

Really, at such a critical time now, what you should have now is plenty amount of cash. In case some of you are wondering how come I only loaded 1k shares on Starhill Global and not more? Well, you can never predict the exact bottom line of the stock. I am practicing this Dollar Cost Averaging strategy at present. To consistently loading up small lots after small lots where the price of each session falls below the previous ones. For example, I bought 1k shares of Starhill Global at $0.635. If the price falls to $0.625 on Monday, I will load another 1k shares and this goes on and on until the bottom line is reached (that's when stock market experiences a massive bounce back). I will lower down the average purchasing price of Starhill Global and when the stock picks up strength again, it will break even at a much faster rate than those who didn't practice the strategy.

People, the golden opportunity has arrived. I used to hate US for all the stock market woes but I guess we need "sabotage kings" to bring down the prices and make it more affordable once again for the intelligent investors to build their fortunes.