I'm starting to enjoy chatting with you, As romainsta2001. :)
Let us continue our discussion:
I'm not into forex... And about the calls I made, I won't want
to say any because I didn't go in... In fact, I was buying so
furiously till I had only $200 left in my bank account for the
whole of March 09.... Since then, I have grown other income
sources...
I won't be shorting stocks as well, although my Elliot wave
count has already long warned of an impending correction... which
made me simply stop buying every month with my spare funds like in
2009... I'm growing my opportunity funds at the moment, waiting for
the right moment to strike when my indicators tell me to.
As for REITs, I would like to say selection criteria must be
stringent and not solely based on dividend yield. I'm surprised
there are those who balked at a REIT's <40% gearing when so many
people in Singapore have properties with 70% to 80% loans.... only
repaying perhaps 50% of the loans after 15 years for a 30 year loan
(simplified calculations)... Gearing is not an issue to me provided
they satisfy my criteria. So far, only about 5or 6 REITs satisfy my
requirements, and I'm already into two of these. What is your
opinion on this? Thanks.
As for silver, Robert Kiyosaki did mention it before. But then
again, you must have that much cash to load so many things. I
rather focus on dividend stocks at the moment because cashflow to
me is important. Dividend stocks in Sg are different from that in
US; most of the dividends here are tax-exempt. So we can safely use
dividends and reinvest them easily.
I'm already halfway to my first goal of $1k a month. Only about
60% of my monies are in dividend stocks, 20% in growth stocks, and
20% in trading stocks. Poor strategy, discipline and selection
criteria earlier on made my trading stocksk in the red, but my
dividend and growth stocks are very green fortunately. But for
2010, a higher percentage will start going into dividend stocks
when they reach my target price. I really do expect $1k monthly by
end of year.
![[Feb2010Noble.gif]](http://4.bp.blogspot.com/_MpWUhDNsH98/S2sFQFI2f0I/AAAAAAAAA8E/9t0D-cHWjWU/s1600/Feb2010Noble.gif)
