Your comment is very correct, i have been working very hard for a few years and had been saving up regularly,in order to build up my capital.
I had started stock investment, for a few years but my must result had been very erratic. Only after i had read intelligent investors, i did manage to improve my investment skill and this had contributed to a higher investment return.
But this year is my greatest lucky break and a big fat bonus for me, because i manage to follow stockraider, picking Hengyuan at rm 2.00 in the beginning of this year and this investment had yielded me 300% within 9 months.
I can say this gain is my greatest return and i believe this will not be repeated for a long time.
I have to lower my return target to 10% to 15% pa to avoid over expectation and taking high risk.I think the current target return is fairly possible.
My uncle use to tell me that, when you are young you must work very hard to make a good living & must grew your nest egg through savings, which i think his advice is very true.
When we grew older the nest egg will grow bigger, then we can depend on our savings and investment to grow our wealth.
For young people wealth are mainly build up from employment income savings, but with good investment skill, we can accelerate our wealth accumulation faster.
Calvin is still holding 50,000 shares of L&G at 21.5 sen.
If price weakens i look forward to add more.
For now due to corp exercise i buy more bj corp and also due to divorce settlement unlocking assets sale for Mui Group i am adding more Mui Bhd shares.
calvin, you seems the only one in i3 who investment philosophy mostly influenced by asset play. maybe you can write an article why you like asset play so much, how to use asset play strategy in right way, etc.. if you haven't wrote before. good for us to learn.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Alex Foo
12,594 posts
Posted by Alex Foo > 2017-09-23 13:11 | Report Abuse
thx calvin. always glad to see you share stuff =)