I amÂ in the stock markets and have been trying to understand itÂ for a few years. I think I failed to. It’s totally impossible for meÂ to predict what happens the next day, so it’s impossible to tell if the stock market earn you money. It’s luck.
Take a look at the 2-yearÂ graphÂ of Straits Times Index (STI). (above)
Noticed the gradient of the graph? There are ups and downs but still, Singapore’s markets has been doing quite well. Ofcourse there are people who lost money too and there are people who became rich in a few months.
For those who earnt money, it’s time to sell off your stocks soon. For those who didn’t, take a good rest first and reserve your money till later part.
Looking at the graph, the rise is slowingÂ down and is starting to fall.Â I’m doing a prediction that the market will crash sometime soon. Maybe not a huge crash, but alittle adjustment to the indexes. Be prepared. Just like playing with fire, don’t get your own fingers burnt. And remember, don’t be greedy.
I wonder if I should start to giveÂ weeklyÂ tips on counters worth (short-term)Â investing. Suggestions/comments please. (Note that I’m still studying and this can only be my hobby, not my job!)
Statistics courtesy of Yahoo! Finance.