Eight percent per annum: Value investing in Singapore stocks
Goodbye 2018! Hello 2019!
Yesterday was the first trading day of calendar 2019 and we witnessed how the markets "lao sai" (had a diarrhoea) all the way on its first trading day (slightly better today though). It is believed that the first trading day of the year determines the direction for the year. So if that's the case, we can only go south in 2019...Of course, all these old traders' tales aren't necessarily all true as with most things that concern the markets. The markets are forever unpredictable and no rules of thumb or any other finger ever works. It's different every time although sometimes we can see how it rhymes. Let's take a look at what transpired in 2018 and hopefully we can learn some lessons for 2019.1. Trade warThis was the biggest thing in 2018 that brought the decade long bull market to its