Dry spell

Recently after ditching the idea to invest in reits. I have not found any stocks that I thought could invest in long term.

Guocoland came up recently in my radar, as well as wheelock properties.

These 2 counters are trading below their NAV by a large margin. But when I look at the stock price for the past few years, the stock has stagnated at the price it is trading.

Of course, price history does not really tell you how high the price could rise in future. But without a history, I find it difficult to take a leap of faith.

Gleaning some insight from Warren Buffet whom bought Apple shares recently. He bought Apple shares when the stock was dropping. He discontinued to buy after the stock starts to pick up. Of course the idea is not to buy blindly into any stock just because its stock price is falling. The lesson that I picked up is that no matter how good the company is, the price of the stock is important and if it exceeds the price that you have of this stock in mind, it is not worth while to buy as demonstrated by Warren Buffett.

Meanwhile, the hunt for sg stocks to invest my monies continues.