Posts: 730
Threads: 27
Joined: Sep 2010
Reputation:
8
23-12-2012, 05:29 PM
(This post was last modified: 23-12-2012, 05:45 PM by mrEngineer.)
I seriously hope that you take real action and lose that 1-2k in your bank account. Then you will learn that making money in the share market is not like how you hear one of your uncle or auntie golden fingers or friends whom succeed making 200-300 with basic level of research. Always remember the optimistic average long term rate of return is 10% based on your portfolio performance. Anything more, the risk will catch up with you someday. I invested 3000 in some china mutual funds, simply believing the china market will contine to go up and china will take over the world etc, at the peak of the 2007 market and until now it is only left with 2k vested.
If you are a guy and serving army soon, use the free time in NS to read and understand investment books. Do not waste precious youth time there.
Posts: 402
Threads: 2
Joined: Mar 2011
Reputation:
5
Travel.
Expand your horizon and perspective.
Just google singapore man of leisure
Posts: 763
Threads: 18
Joined: Apr 2012
Reputation:
18
23-12-2012, 07:26 PM
(This post was last modified: 23-12-2012, 07:31 PM by Greenrookie.)
Have u taken care of your insurance needs already? Especially hospitalization plans?? I always feel that we should have savings, protection/insurance then investment. When u are done with sickness (touch woods), it will be too late to buy any protections. 1000-2000 seems to be at the savings and insurance stage, and frankly many options will be out of bound for u. Work and build up savings. When I start off, I have some kind of forced saving plans e.g. Endowment policies etc, the returns is super lousy but at least I know I have already cover myself and when crisis struck, no matter how bad the market is, my lifestyle will not be affected. Also, at this age, study hard/ work hard, it's only when u have a very good pay cheque when u are out working either as a boss or employee that your savings will begin to pick up very quickly.
Posts: 692
Threads: 9
Joined: Oct 2011
Reputation:
17
I will agree with some.
Buy "The Intelligent Investor" so you can read it several times when you need it.. For other books, borrow from the library or from your school. Borrow again if you need to read it. No point buying all the books. Then, do part time and save till a meaningful amount ($5K would be good).
Once you are a little familiar with the value investing discipline, start investing and can a feel of the real investing world. Go through the real emotional struggles in investing. You will not do real research work if all you knew were just 'theory'. You will only start researching real hard when either your stock is losing money or it is not moving the way you expect it to be. Sadly, that's all humans are wired.
When you made a few decent gains (profits), then you will appreciate the discipline and you will be more motivated to search for more ideas.
Above all these, do well for your studies as that determines your career and also your income. After all, investing requires capital and there is no use if you have all the skills and your starting base is just $2K.
Posts: 564
Threads: 2
Joined: Sep 2010
Reputation:
17
23-12-2012, 11:55 PM
(This post was last modified: 24-12-2012, 12:03 AM by cif5000.)
I'll get shot for this but heck!
Go to the casino if you have not already done so. Take $1,000 and experiment Kelly and probability - in real life. Learn about your own emotions. See what happens to you when you are winning. And when you are losing. And observe your neighbours. Take mental notes. What's the thing you most enjoy, if anything at all? What makes you sick?
That's not the end. What happens thereafter are equally, if not more, important. Do you want to go back? Why? To continue a winning streak or to win back what you've lost? You think you can do better?
Of course, you may end up not betting a single chip in that first visit. That's also telling.
I discovered the casinos before I bought my first stock. And then came SGX. Casino becomes a little boring.
But do check the age limit for the RWS and MBS. SGX recently reduced it from 21 to 18 but account brokerage account opening remains a problem. I think it's unfair if one can trade stock but denied entry into a casino. So there's some consistency still.
+++++++++++++++
None of the above should be taken as advise. You screwed up that's your problem. A friend developed a habit and never recovered from it. My lost is two-fold. Life is but a journey of discovery.
Posts: 692
Threads: 9
Joined: Oct 2011
Reputation:
17
"Learn from the mistakes of others. You can’t live long enough to make them all yourself."
Posts: 463
Threads: 7
Joined: Feb 2012
Reputation:
12
read about the famous statements made by buffet, peter lim, khoo teck puat, oei hong leong. i made my first million in stocks by analysing them in great detail and applying them in my stock picks.
Posts: 457
Threads: 7
Joined: Dec 2012
Reputation:
5
(24-12-2012, 01:59 PM)paullow Wrote: read about the famous statements made by buffet, peter lim, khoo teck puat, oei hong leong. i made my first million in stocks by analysing them in great detail and applying them in my stock picks.
hi paul thanks for the sharing, i am also trying to read up on buffett as much as i can.
by the way, do you mind sharing what's the average holding period of yr portfolio and some success stories so that i can pick up some pointers from you? thanks 
Posts: 463
Threads: 7
Joined: Feb 2012
Reputation:
12
24-12-2012, 03:04 PM
(This post was last modified: 24-12-2012, 03:09 PM by paullow.)
at least 5yrs of holding. some wld be forever. not more than 5stocks at any one time. usu spend at least 3mth of analysis plus site visits befire putting a single cent in.
Posts: 9,841
Threads: 711
Joined: Mar 2012
Reputation:
64
24-12-2012, 03:25 PM
(This post was last modified: 24-12-2012, 07:12 PM by CityFarmer.)
(23-12-2012, 11:55 PM)cif5000 Wrote: I'll get shot for this but heck!
Go to the casino if you have not already done so. Take $1,000 and experiment Kelly and probability - in real life. Learn about your own emotions. See what happens to you when you are winning. And when you are losing. And observe your neighbours. Take mental notes. What's the thing you most enjoy, if anything at all? What makes you sick?
That's not the end. What happens thereafter are equally, if not more, important. Do you want to go back? Why? To continue a winning streak or to win back what you've lost? You think you can do better?
Of course, you may end up not betting a single chip in that first visit. That's also telling.
I discovered the casinos before I bought my first stock. And then came SGX. Casino becomes a little boring.
But do check the age limit for the RWS and MBS. SGX recently reduced it from 21 to 18 but account brokerage account opening remains a problem. I think it's unfair if one can trade stock but denied entry into a casino. So there's some consistency still.
One of a way to get insight on someone's character and EQ, is to observe him/her over a gambling table. It is a proven effective and efficient way 
With similar logic, cif5000 proposal seems reasonable, by doing self-observation instead. But please ensure no more casino after the game is over 
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
|
Homepage
PR Newswire
