FADE IN.
Act 1
INT. STUDY - 09:15
Reading Quora digest on his smartphone screen, PETER sees Yahoo! Finance alerts.
PETER (V.O.): So many all-time lows.
Thinking.
PETER (V.O.) (Cont'd): Perhaps, trading will close high.
Having checked his "Buying Power" in the Hang Seng Bank App, Peter types his orders.
PETER (V.O.) (Cont'd): I'd buy additional shares of a stock I've already invested at a lower price ie average down.
Recalling.
PETER (V.O.) (Cont'd): When I first began buying stocks, I'd buy additional shares of a stock I owed at a higher price ie average up.
Pausing.
PETER (V.O.) (Cont'd): I should do more average down today.
Act 2
EXT. PARK - 14:15
Peter is jogging along a track.
PETER (V.O.): Six months ago, I opened a mobile stock trading account and made my first order - one lot of Bank of China shares.
Smiling.
PETER (V.O.) (Cont'd): The choice was made because I love the Bank building's architectural design.
Jogging.
PETER (V.O.) (Cont'd): Soon, I realized I had bought the shares of Bank of China in the Mainland.
Smiling.
PETER (V.O.) (Cont'd): And so, I bought one lot of Bank of China (Hong Kong) shares.
Jogging.
PETER (V.O.) (Cont'd): Then, my wife reminded me of the transaction costs in many small transactions.
Jogging.
PETER (V.O.) (Cont'd): So, I averaged up. When the price dropped a bit, I averaged down, even on the same day.
Jogging.
PETER (V.O.) (Cont'd): Not knowing which stocks to buy, I bought stocks with easy-to-remember codes eg 66, 101, 123, 1113, 1888, 1919, 9922, 9988...
Smiling.
PETER (V.O.) (Cont'd): After that, I bought stocks with codes in single or double digits eg 1,2,3,5,6,8,9,10,11,12,13,16,17...
Recalling.
PETER (V.O.) (Cont'd): Later, having had a chat with a former banker, I focused on growth stocks, defensive stocks and dividend stocks
Jogging.
PETER (V.O.) (Cont'd): From Sept-Oct 2021, I had over 5% positive gain. That was pretty encouraging for a new comer.
Seeing flower blossoms nearby, Peter stops to check.
INT. STUDY - 15:30
Peter is checking his Hang Seng App.
PETER (V.O.): Many of my stock orders at low prices have been executed.
Pausing.
PETER (V.O.) (Cont'd): The plunging market is exhausting my buying power.
Having amended some orders, Peter hears Ding! Ding! sounds.
EXT. PET GARDEN - 18:30
Peter and his WIFE are walking KAJI, the family pet.
WIFE: The Hang Seng Index ended the day at a 6-year low.
PETER: Yes, a great learning opportunity for me.
WIFE: I've lost all I gained in the past.
PETER: I've an unprecedented over 5% negative gain.
Act 3
INT. STUDY - 22:00
Peter is working on his laptop.
PETER (V.O.): One objective to use to my idle money to invest in stocks has been achieved.
Pausing.
PETER (V.O.) (Cont'd): As to experiential learning, I still don't have any experience in selling the shares that I own.
Pausing.
PETER (V.O.): And I want to verify if the buy-and-hold strategy could result in 4-6% positive gain annually.
Thinking.
PETER (V.O)(Cont'd): While the Hang Seng Index (HSI) has dropped 23.41% in the past 6 months, my portfolio has dropped 17.19%.
Thinking.
PETER (V.O.)(Cont'd): If I've done more than average, I should be able to keep my average up!
FADE OUT
THE END
Comments