********************************************handyandy said:Hi Kenneth
Can I ask you I you had known in '93 that you were going to loose watever the amount were up to 2000 or sell and buy back in at the same price (or close) just before it boomed what would you have done. Also how different would the figures have looked if you had been able to do exactly that.
Dear Handyhandy,
1. None of us can be sure how things will actually evolve out in future in our own real life. Thus, I think your question is "theoretical" in this respect.
2. As I could afford to hold then and the paper loss does not really bothers me at all, despite adversely affecting my cashflow for the time being. Thus, your question does not also apply here in this context too.
3. I have allowed and correctly anticipated this unfortuante scenario when I first make the decision to (safely) invest in 1993 and to further re-invest in 1994. I do not think of myself as a " high risk-taker". In my case, my conservative investing thinking, has "saved" me in this situation and has continued to serve me well to date though I may appear as a "high risk taker" to some of you, probably due to my high gearing ratio and efficient use of my monies for risk investment/management.
4. However, it's will be totally different thing if I have to "cut loss" as a last resort then. My conservative thinking will not allow me to, in the first place. If such things should happen in future, I mean that I have become too complacent with myself and my future property investments.
5. Thus, a lot has to do with one's personality and investing strategy.
6. For your kind update, please.
7. Thank you.
regards,
Kenneth KOH