The talk of our local town recently is on the "Crash Buying Strategy" advocated by Mr Loo from 1M65. Boon Tee started picking a bone with this strategy and then Kelvin Learns Investing started a similar video later on. Basically, they asserted that DCA or immediate lump sum investing offers better return to Mr Loo's assertion if one look back further into longer historical data like from 1981. Mr Loo later clapped back at the 2 young people for being "paper warriors" (纸上谈兵). Quite interesting investment strategies being discussed by the 3 of them. I have extracted the links below and the chronological order of events for those who are interested to know more about the saga as well as the pros and cons being discussed with regard to the "Crash Buying Strategy".
1. The original Mr Loo's Live Video and Sharing of his Crash Buying System
2.Boon Tee's Video on why he disagrees with Mr Loo:
3. Kelvin's Video on why he disagrees with Mr Loo:
4. Mr Loo Clapbacks at Boon Tee and Kelvin:
Parting Thoughts
Personally, I do not think that there is a magic formula for investing. Also, what happens in the past does not necessarily means it will also apply to the future. Also why Boon Tee's and Kelvin's remaining gang from BagHolder Pod went missing? Hmmm.....I will not be surprised if the 2 of them appeared together again with Chi Keng for another live YouTube show to talk about this "Crash Buying" saga to milk more views...haha...somemore perhaps with Mr Loo appearing as VIP guest again. Or will Mr Loo and them fall out because of this fiasco? 😕
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