The thoughts of a new investor

So... I've taken the first steps and invested for the first time, and bought the STI ETF at the beginning of the month.

I decided not to do any DCA for the initial investment as I knew if I delayed or took my time putting in the money, I would naturally try to time the market and will never commit myself.

So I took the plunge...

And naturally, the market immediately turned against me.

Watching the STI drop recently reveals that I am not as detached from my emotions as I initially thought. It was with some dismay that I watch the lines drop lower and lower.

Therefore, I must remind myself that having the right psychology is most important.

1. I am not a trader.
2. I am in for the long haul.
3. I am not as detached from my emotions as I think I am, hence, I must keep myself in check.

There is the reassurance of having a small amount of cash still on hand, to be put in when appropriate.

Meanwhile, I'll be reading up on some investing books to understand myself and the market better.

Anyway, my portfolio can be seen at SGXcafe, for those that are interested. Of course, it is very simple for now.