To buy or not to buy?
Crap.
I bought some more units on friday thinking that I would be taking advantage of the decrease in share prices and hence practise good dollar cost averaging.
NOT. China's premier just announced several set conditions for the implementation of a much-hyped scheme that allows mainland chinese to trade in HK shares, leading to a further postponement.
This very same scheme caused stock prices to jump by 40%, now its probably going to drop back to its original levels. NOOOOO!
But I did buy some more today. I REALLY hope dollar cost averaging works.
If not, my losses will not only be on paper, but it will be very tangible indeed.
Finally, the chinese market correction is here, right on time as analysts predicted. Hoho.
I bought some more units on friday thinking that I would be taking advantage of the decrease in share prices and hence practise good dollar cost averaging.
NOT. China's premier just announced several set conditions for the implementation of a much-hyped scheme that allows mainland chinese to trade in HK shares, leading to a further postponement.
This very same scheme caused stock prices to jump by 40%, now its probably going to drop back to its original levels. NOOOOO!
But I did buy some more today. I REALLY hope dollar cost averaging works.
If not, my losses will not only be on paper, but it will be very tangible indeed.
Finally, the chinese market correction is here, right on time as analysts predicted. Hoho.
posted by adayinthelifeof at 6:37 AM
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