For investors who have started their journey from 2012, this is probably your first time seeing the STI index and the rest of the market in such a state of red. Now, you are likely to be worried and fretting over your investments. Well I can relate to that fear to yours.
My first experience
It was during the period of July- Oct 2011 that it happened. The European Debt crisis caused almost every market to open in the red each day. Worried and sleepless nights happened and I often refreshed my screen to see the latest numbers on STI and my investments. Concentration in studies was difficult as the stock market rout pre-occupied my mind
To make it worse, I was speculating through CFD in two positions (Noble and SCI); this made the experience all the worse as they were huge losses.
No doubt there is fear and worry in me due to the current sell off. But I have been acclimatized.So for first timers, it is really natural for you to be worried in this current climate. Markets move in cycles and not a straight line. Try not to think too much on it or bother refreshing that SGX page every 5 minutes. The sell off will still be there!
So how are you feeling in this market rout, feel free to share them in the comments below.