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Milk The Cow wrote a post · Oct 23, 2022 11:56

ChiNext Price Index 247% return in 10 years, sure boh?

ChiNext Price Index 247% return in 10 years, sure boh?
Sure boh? How about the next 10 years, any estimation of growth +?
Idk 🤷‍♂️,  but I've reservation to this IPO & so most likely won't be subscribing to this IPO...
Pro IPO chasers who usually made profits 📈 from IPO buy & sell, what's ur view on this? I'll like to know too .
With the moomoo promotion gained back voucher, do u guys think that it worth for the subscription ? I'm lazy to do the math 🧮 as I most likely won't be subscribing... But, I will still listen to others opinions if there is a good point & sparks my interest .
By the way, I'm new to IPO. Can u sell the stock on the 1st day after it's trading in the market ? Like do I needs to wait a few days before I can sell a subscribed IPO?
Do u have any investment ideas?
For now, I'm parking my idling cash in the MMF $Fullerton SGD Cash Fund(SG9999005961.MF)$+ $CSOP USD Money Market Fund(SGXZ96797238.MF)$ & waiting for an opportunity to buy the dip if the market really crashed. I don't feel that safe in holding large positions of stocks now, given how bad the economy may be... $SPDR S&P 500 ETF(SPY.US)$ is so volatile... All in one, I'm timing the market (Do not follow ) at my own risk while earning small interest of return .
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Or u can just joined @moomoo TA Cici ChiNext Index Chat group to ask question directly .
ChiNext Price Index 247% return in 10 years, sure boh?
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  • sociable Dingo_8604 : I’m also unsure about this IPO. Some say not to go into China market now because real risky. But then again, all investments has their risks.

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  • Milk The Cow OP sociable Dingo_8604 : Yar, that's the main concern [undefined]. There is also the risk of the China-Taiwan tension thingy...[undefined] Their economy is also not doing that well...

    Even with the moomoo promotion voucher of $100, not even sure if we will manage to earn anything from it = the stock price may even fall on the 1st day of trading in the market (may lost more than $100 overall), who know... Not to mentioned 10k need to be subscribed to be able to get the promo voucher [undefined].
    So, it don't seem to be worth it.

    Usually, etf should not fall that fast on 1 day, I guess [undefined]. But now the stock market is too volatile [undefined].

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Milk The Cow
DYODD before investing 👌
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