Stock Market is Very HOT now!!!

Trust me, the stock market is really hot now. Try to go to any nearby pasar and listen to their conversations. Chances are there that someone is talking about which stock to buy and which will go up next week. This is the time for you to review your holding and cash in whichever stock that may have limited upside. The bear might be here soon..

Yes the stock market might still rally, possibly until end of the year. This normally happens after CNY and before election. If you cash out too early, you might miss the boat. So to be on the safe side, put your money on fundamentally strong companies. These companies might not rally that much, as some of them are laggard stocks.

Well for me, I'm going to cash out half of my holding and wait for opportunity to come. Half of my money, I'm going to either put in REITS or foreign stock market.
It's not a bad time to invest in some of the bluechips on NYSE or NASDAQ. Ringgit is strong now, you don't need to fork out as much as you need in the past to buy the same stock. Th stock might have up a lot, but still you're paying less in RM. I believe RM will continue to appreciate against the USD, but the upside is quite limited. And eventually the hot money that flows into our local stock market will be flowing to the opposite direction once the local market is not cheap anymore. This will cause RM to depreciate against the USD.

Of course, I'm not asking you to pull out totally from the local stock market. One way to have a safer investment is to "hedge" your holding by spreading your investments into the local and US market. I'm still new to the Wallstreet, and heck I have a lot to learn to trade in NYSE and NASDAQ. In fact' I have only started to learn about investing in the US market recently. I have bought a book called "Rule #1
"by Phil Town. It teaches you to look for the 5 numbers of a company that are important for stock investing. Quite useful for US market, but not really applicable to our local SE (too many GLCs). Overall, the book is about choosing and buying undervalued and fundamentally good companies shares. Besides that, I have also "subscribed" to this report: How to hack the stock market. The name doesn't sound too good (there's no such thing as hacking the stock market)? But I give it a try, to look at the reports which were written by the author (I do not know who's the author anyway) on how to spot a good stock. Basically, same as Rule #1, it's teaching you to choose fundamentally good stock, but with the addition of some technical analysis. I'll try to use their methods to spot a good trade and start "trading" with my game account. If everything goes smooth, I'll trade with real money :)

So are you ready to join the bandwagon? Let's do it together!