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20% Gains on SIA in Three Weeks!

I made a purchase on SIA on 20 May 2020, buying 1000 shares at the low price of $3.58 per share.

The share price has since rallied and given the last close price at $4.35, I have made a 20% paper gains in 3 weeks!



Even though it's just a small amount of $741.25 gains, I'm still reeeeaaaaally happy that about it :)


Following up on the post on why I didn't buy anything from the stock market, my main reasons back then are summarised below and  my updated inputs will be in green:
  1. I believe that the rally is just a dead cat bounce and the market should crash further

    The market sentiments have been very optimistic despite the various issues globally. I'm not sure how is that even possible. It's probably just "There Is No Alternative (TINA)" fusing with "Fear Of Missing Out (FOMO)" and causing the market to be a bull in bear's clothing.

    I still think it's not going to last and I feel safer with having the money in my pocket even though this may seem stupid to some, but I rather don't put myself in a spot where I will lose sleep in regrets from going against my judgment. I root on the motto "Money not earned isn't money lost".

    In the event when I'm really wrong and I missed the boat to ride on this once in a decade crash, I will probably just weep in self-loathing for a few hours and move on with life. 

    It may be a shame, but life's not over.


  2. I didn't think that I am in good financial position to invest yet since I haven't saved up 24 months of emergency funds

    I'm still far from my goal on this, but I think some opportunities like SIA is too good to miss. I'm really lucky to buy it $0.01 away from its lowest price in history. 

    While the amount is small and I could have afforded more, that's the sum I'm most comfortable with given my current situation, and feeling comfortable in investing is very important to me.

    I don't intend to realise the 20% gains yet as I'm planning to hold it for long-term, since I don't need the money anytime soon and I have faith that it will appreciate even further in a few years time.


  3. I was expecting a few large ticket items in the future

    I didn't manage to get what I wanted but it's fine because that frees up more cash at hand for me, and cash flow is very important.

    Furthermore, from the weekend discussion with my parents, I have decided to set a new goal and aim to save $300,000 in cash by 2023. This may involve liquidation in some of the assets I'm holding, but if the market offers a good price by the time comes, it probably wouldn't be a bad idea to net the profit.

Most importantly, I have a very meek risk appetite and I'm still very inexperienced when it comes to investing, so I play the hesitant card a lot and only invest when I'm certain and comfortable about it.

After all, I'm playing a game of gains here, so I work on maximizing my chance to win the game and earn lots of money ;)

Let's hope everyone gets to huat as well and many thanks for reading.

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