Greed, Regrets and Eagerness

On Thursday, I sold off three stocks, namely SembCorp Industries, Singtel and OCBC Bank. All these stocks were acquired this month (November).

Prices sold for each counter were:
SembCorp Ind: $5.05
Singtel: $3.28
OCBC: $9.35

Today’s closing prices for these stocks:
SembCorp Ind: $5.18
Singtel: $3.31
OCBC: $9.41

Prices of these stocks continued to rise on Friday, continuing from Thursday. If only I had waited another day to dispose these shares and I would make some more gain (additional 22 cents per share).

I could feel greed, greedy for more gains. I regretted selling stocks too early, regrets surfaced. Even though, stocks were sold at a profit, I still feel that way. I should have waited but was too eager to sell all three counters in one day, lack of restraint was a problem. In investing, greed, regrets, and eagerness afflict investors. Our rational mind tells us that it is futile to time the market. For all we know, today may turn out to be a bad day for stocks. We cannot forecast how each stock will move each day. So there should be no regrets for whatever actions taken in the past.

Copyright © 2012, limkimtong for Living Investment

The material presented is intended to be general and written in layman’s language as much as it is possible. The author shall not be liable for any direct or consequential loss arising from any use of material written. Please seek professional advice from your financial advisor or financial institutions on material written covering financial matters.

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