My friend asked me whether he should start to buy some stock now? He has been asking the same question for the last two months and he thought he was lucky since he hadn't bought anything yet and the market keeps falling now. Normally I won't give any investment advice because I don't believe anyone can time the market. Imagine if everyone think that the bottom of HSI is 16000, but when it reaches 16000, alas, then 911 happens, say, this time in China, then China need to fight a war with someone, etc & etc, HSI will still plummet further. There are so many unpredictables in life and there is no way to guess.
But I told my friend, you can just buy whenever you feel like to buy.
My friend asked," what if next month the price become even lower?" I said. "then you can buy again. Imagine you are now buying a 1000 ft house, you can buy one ft by one ft according to the market price, and it's really a nice house, and you really need a 1000 ft house before you retire, will you just buy one ft now?" Remember to buy one feet by one feet, not the whole 1000 ft altogether.
I use this example for him because my friend has just bought an over 15M flat without a second thought, and never asked around what if next month, the property price goes down?
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