Island Getaway
Hello all! Just came back from a quick trip over the weekend to my dad’s island hometown. You can probably guess by now that I am never too shy to take a break in the month of May! It’s always tempting to be in the market and being “busy”, but if there’s no money to be made especially if your only strategy is to profit from upside, or the market is too choppy (sideways) and you just can’t be focused on it as profit may be there for only 2 seconds! Then you’ve got to wake up to the fact that you don’t have to always be on the market. You can chill until you have clarity where the market is going. (Or otherwise have strategies for riding both sides or sell time value as we can do with Options).
Yes, I understand, we’ve just reached record highs again in the US Dow Jones Index and some upsurge in wider market, with Asian, European, Latin American, commodities markets following suit, and all is sweet — but then one can get confused (especially if you haven’t attended my events!) on why we get these sudden drops, but as I always say, it’s not about explaining the market, not being right, you got to have the comprehensive business plan together to guide your business and for every trade your Risk vs Reward calculation is in your favor. (We tackled all these in my Low-Risk High Reward Investing Workshop and much more so in my Investing Success Bootcamp).
It is interesting though that right now, in the midst of declines, Alibaba (Chinese mashup version of Amazon / Google / Ebay I’m told) is filing it’s IPO and I am so tempted to get in on this one! But first, due diligence need to be done so do some reading on it, and here’s a helpful ones about the company valuations, business model and a little bit of management.
Alibaba IPO in the US.
http://www.bloomberg.com/news/2014-05-06/jack-ma-s-fortune-surges-to-13-billion-amid-alibaba-ipo.html
http://www.bloomberg.com/news/2014-05-06/alibaba-files-for-us-public-offering-of-e-commerce-giant.html
