Dear Forummers,
Wishing all a prosperous Dragon Year. I am starting this tread to invite forummers to share their investment plans/ views for 2012. Although there is no lack of recommendations for counters in this forum, i thought a inventment plan is a more holistic and accurate reflection of one's investment strategies and perhaps, more meaningful in this coming 2012. Here are some of the things i intend to do in 2012
1) Increase my coverage for critical illness to 150K. (After an review with FA)
2) IF the market continues to rally strongly and has already bottomed in 2011, I will sit back and do nothing, but will keep an eye on gold prices, if gold prices retreat enough (10-15%) i will buy some through ETF.
3) If the market suffer another selldown as i predict that it still will, I will invest some money on Hu an cable if it fell to 10 cents or less again, as i believe HU an can be multi-bagger. Another potential mult-bagger i wish to accumulate at around 3 cents will be hankore. These 2 penny stocks will not make up more than 30% of my investments. I will invest the main bulk in either Suntec/ cambridge reit/ HPHT/ SIA engineering/ CMA/ DBS. Depending on which counter falls enough to hit my target price
4) Sell my HDB after the tennacy contract ends in august. Unit has double in value since i last bought it 5 yrs ago, then will wait to upgrade to a bigger private unit when the property market consolidate over the next 2 years.
I welcome comments to point out any potential pitfalls in my plan and will be waiting eagerly to hear your investment plan.
May the year of 2012 be a year of abundance for all, may you have abundance of wealth, health, wisdom and happiness.
Greenrookie, if I may comment on yr post -- if the market continues to firm up, you could be missing an opportunity to ride the momentum. I wouldn't be a market timer like that. The risk is there, of course, that the market could tumble in Februay/March/April when massive amounts of euro sovereign debt needs to be re-financed. But, I have been buying and buying what I like since early December. I have picked up World Precision, China Minzhong, San Teh and XinRen, etc. cheaply and expect to hold them profitably whether there is another downturn or no.
Greenrookie, I am worried for you if you go ahead and try to time the property market. Sure, you have doubled yr money in HDB flat, but the property market can leave you in the lurch. My friend took a bet early last year -- sold his private property. U know what happened to prices after that --- they went up another 30%. Now he is still renting, hoping the market will really turn down. U can never be sure. And this is such a big ticket item. In other words, it's like putting big money on each bet in the casino.
Tks abb, for your advice. I am not renting my current place. I have moved into my in laws place for childcare arrangement.. So there is no opp costs. (lucky me)I the market doesn't come down, or goes up. There is no harm. While I am no guru, the odds of an price correction is very high. Over supply aside, low interest environment will not be here forever, when us interest move from 2014 onwards, sibor will be affected too. Demand side, there is tigtening of inflow of foreigners, which will impact rental market and hence the investment mood of property. Its a calculated risk while the actual buy can be postphone to perperity. As with law of physics, what goes up must come down, property price has gone up for the past 6 yrs, it's just a matter of when.
greenrookie, the stock market is indeed looking firm. Overnight, U.S. stocks rose, sending the Dow Jones to its first close above 13,000 since 2008, as better-than-estimated consumer confidence data and a drop in oil bolstered optimism in the world’s largest economy.
Property market appears immune to govt cooling measure.
Stock market appers immune to Greece virus.
Luckily, I am invested to the % I want it to be, and am hoping for a good steady gain from here on. Am shopping for property stocks. Any recommendation?
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