Subject: Profiting From The Panic… 7 Months Later
Hi,
On Jan 24, I launched my book 'Profit from the Panic- How to Profit
from the Worst Financial Crisis Since the Great Depression'.
=> [Profit From The Panic website]
At thetime, the US market (Dow Jones) had plunged from 14,000 points
to 8,000 points (a 43% decline) and the Singapore market crashed
from 3,800 points to 1700 points (a 56% decline).
Great companies like Singapore Exchange (SGX), Capitaland, General
Electric, American Express, etc were selling 50%-90% below their
intrinsic values.
Sentiment in the market was that of FEAR. Very few people dared to
buy stocks after losing so much money in the last 15 months since
the crisis started. I on the other hand, was feeling really GREEDY
for huge profits.
My main purpose of writing the book then was that I knew that the
stock market was very much undervalued and that the market downturn
was coming near to the bottom (although I did not know exactly when
it would be). I also shared the fact that from studying the history
of past recessions, what goes down MUST always come up. In the long
term, the stock market will ALWAYS recover higher than ever before.
The book was to share with people how I was selecting the best
stocks to buy at the time. In the book, I gave lots of ideas such
as buying oil futures ETF (USO), S&P 500 ETF (SPY), Dow Jones ETF
(DIA) and China ETF (FXI), all 50%-70% down from its pre-crisis
levels. I also shared about how I selected super undervalued
companies like American Express (intrinsic value of $60) selling at
only $16 & General Electric (intrinsic value $30), selling at only
$11.
I also talked about buying Singapore stocks like Bestworld
International (intrinsic value $0.78) selling at $0.19, SGX
(intrinsic value $7.60) selling at $5 and Capitaland (intrinsic
value $3.60) selling at just $1.90. I said that anybody who wanted
to make lots of money had to grab this once in a lifetime
opportunity where it was the great Singapore and Wall Street Sale
for Stocks.
At that time people thought I was crazy for suggesting to buy
stocks while the economy was in a recession. Sure enough, the
market kept going lower for the next one month, and I accumulated
more and more stocks. What gave me the confidence then? Well, I
knew that history always repeated itself and the wise words of
Warren Buffett gave me confidence: 'Be greedy when others and
fearful and be fearful when others are greedy'. Buy stocks when
nobody else wants to buy and start selling when everyone realizes
that it is time to buy.
Then in March 2009, the stock market made a turn and stocks
exploded upwards. For the last 4 months (Mar-July) The US Market
has risen 41% to 9,200 points and the Singapore market has risen
73% to 2,600 points.
Most of my stock picks have near doubled and some even tripled from
when I bought them. Here are some of the gains I have made since
then. American Express made +69.23%, Bestworld made +83.33%,, GE
made +32% +14%, FXI made +50% etc...a six figure profit in just 4
months. To celebrate, took my family on a long holiday and brought
my kids to Disneyland.
=> [Profit From The Panic website]
The best part is that I am happy that the many people who attended
Wealth Academy, bought my books then, had faith in my teachings and
took action have benefited tremendously as well. Also, all the
royalty proceeds from the more than 10,000 copies sold have been
donated to charity.
Many people who have missed out on this great stock market rally
over the last 4 months have asked me if it is too late. My answer
is yes and no. For some stocks, they are currently a bit overvalued
and in the short term, there should be a downward correction.
However, there are still a lot of stocks that are hugely undervalued
and there is still a lot more upside to go. If you like to get your
own copy of Profit From The Panic, please go to:
=> [Profit From The Panic website]
To your success,
Adam
PS. What do you think? Share your thoughts and comments on my blog:
http://www.adam-khoo.com/240/profiting-from-the-panic/#respond
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10 Hoe Chiang Road, #01-01 Keppel Towers, Singapore 089315
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