HSI bagholders

[pin]

i like how physiology of money sounds

Lol.

Woops. I guess he could follow up with his next book on that topic.

[ndt]

Just finished reading the physiology of money.

I would say this should be required reading for everyone.

Indeed, fundamental money lessons and I like the way he has explained his own money management, i think in last chapter.. Super KISS..

[calmathetic9]

I got lucky. With my MPF, decided to buy at 18K and sell at 20K. Done a few rounds past few months including the most recent!

[Hkemail888]

Pathophysiology of money

[RobRoy]

There is so much sadness in this thread that I think everyone needs a change in perspective.

Walk past LV store down in central and look at the price tag next time and ask yourself if you wish they are doing a 50% off sale or 50% price hike. The same philosophy applies when you look at the market. Today HSI went up 4%, its boring because there is no sale and nothing to buy. When the market goes on sale, i'll be so excited on what I can buy that I don't even realise my portfolio is down by 70%

Also there is the other element of timeline. if you are a 30 year old with another 30 more years of your working life, you are not going to liquidate your portfolio tomorrow so whether its up or down it doesn't matter. unless you are relying on your portfolio to pay the bills(thats another story). Otherwise just throw it under your bed and focus on whats on your shopping list when the next sale comes.

Worth to quote this so youngsters can re-read some words of wisdom..

[GentleGeorge]

Why does the bloody thing have to pop up at the end of each month just in time for my DCA buy

[RobRoy]

Why does the bloody thing have to pop up at the end of each month just in time for my DCA buy

Front-running knowing you are coming into the market with the big bucks..

[freeier]

Front-running knowing you are coming into the market with the big bucks..

now that you say it, a large chunk of mpf or even orso setup is really on buying at month end closing type of system. I was checking with our retirement fund admin team and he told me that because we picked the lowest charged HSBC trust services, the execution of investment/switching can only be done at the end of the month.

Darn, that's good enough to play front running just 1 day ahead and sell to the funds.

[aw451]

The HSBC ones, especially, are backed by mutual funds distributed by HSBC. There's all sorts of things they can do if they really want and I think it would be hard to prove.

[shri]

Front-running knowing you are coming into the market with the big bucks..

I have similar theories about certain LSE listed ETFs and their trading volumes on some days of the month... will try and get some graphs to share ..

They don't move the index.. just see unusual trading volumes. Not checked if they live a few bps over nav on those days.