Averaging Up- My Weakness
One of my investing 'weaknesses' was a reluctance to buy more if the price is more than my average price, so during the last GFC, I didn't continue buying as as the STI rose toward 3,000
STI has dropped below 3,000 again. I decided to start topping up my holdings of Sembcorp and Comfort Delgro last year and the market promptly responded by going down. In a sense, thats better for me as I still prefer to average down, even while I am learning how to average up... Now that Sembcorp is more of a utilities company without the Sembmarine overhang, I am actually more confident about adding to my holdings. As for Comfort Delgro, I still believe that 'disruption' by Grab is overstated.
Last Friday, FTSE100 went below 6500. I believe that FTSE 6500 is a 'buy' but I helped a family member transfer money to SRS to buy Lionglobal AllSeasons fund instead. Today FTSE is up nearly 1% but still below 6,500 so I will be adding at this level