Do you trust stock research firm analysis? That’s the question that I always ask myself. I still remember that Maybank Investment Bank told its investors to SELL! SELL! SELL! Don’t BUY anymore on 5 October 2009.
Past 2 months FBM KLCI performance
FBM KLCI was at 1206.25 on 2 October 2009. And it is at 1265.74 now. That’s 5% increases. If you bought unit trust based on FBM KLCI index, you will have 5% returns within 2 weeks. However, if you trusted Maybank Investment Bank, you will loss some money (or did not earn).
Personally, I do read all the analysis from the experts. But I will use them as a reference only. They are also human and cannot predict the stock market trend. Therefore, always study and analysis more. I expected another spike in stock market. And it did. But how far can it go? That’s another question…