Posted by TheContrarian > 2024-04-28 17:50 | Report Abuse

Used my RM100,000 gain to pay partially for a condominium with a nice sea view.

Posted by TheContrarian > 2024-04-28 17:51 | Report Abuse

Today that condominium has a market price of RM600,000.

Posted by TheContrarian > 2024-04-28 17:55 | Report Abuse

I invest in the stock market with an objective in mind, way back in 1990s, my goal was to make enough to buy a home and I did so by year 2000.

Posted by TheContrarian > 2024-04-28 17:56 | Report Abuse

Today I invest in the stock market for pocket money only.

Posted by TheContrarian > 2024-04-28 17:57 | Report Abuse

When I am 70 I will be totally out of the stock market. Until then I will torment Leno, 60 ringgit coming.

Posted by TheContrarian > 2024-04-28 18:03 | Report Abuse

Some people are born rich and they already have a few hundred thousand ringgits to start investing. My seed money investing in the 1990s was merely RM60,000 , my whole savings.

Posted by TheContrarian > 2024-04-28 18:06 | Report Abuse

I dare to risk my whole savings of RM60,000 in the 1990s.

Posted by speakup > 2024-04-28 18:08 | Report Abuse

Salute u contrarian. Inspiring story

Posted by TheContrarian > 2024-04-28 18:13 | Report Abuse

Must know when to exit the stock market, you can't hold a share for too long.

Posted by Tatooine > 2024-04-28 18:19 | Report Abuse

Thong has not learnt that… which is why so many issues with his investments and the one that has done so well he refuses to take profit and move on.

Posted by TheContrarian > 2024-04-28 18:22 | Report Abuse

Thong is big taukeh he already millionaire, maybe billionaire, he will eventually privatize Insas cheaply.

Posted by TheContrarian > 2024-04-28 18:24 | Report Abuse

There are other undervalued stocks, we need to spread our investment, entering at the appropriate price.

Posted by TheContrarian > 2024-04-28 18:25 | Report Abuse

Each undervalued stock that we might invest in will spike at different time, we must already have these stocks before price spike.

Posted by TheContrarian > 2024-04-28 18:26 | Report Abuse

What's the point of buying Insas at RM1.25, hoping to sell at RM2.00 ?

Posted by TheContrarian > 2024-04-28 18:27 | Report Abuse

Smart investors collected Insas at 80 sen and sold at RM1.25.

Posted by TheContrarian > 2024-04-28 18:35 | Report Abuse

Over the years, over 2 decades, I have swam with the sharks and got the better of them, and this gives me confidence how to take them on and win.

Posted by TheContrarian > 2024-04-28 18:38 | Report Abuse

In January this year I sold 4 counters : Kuchai, Sg Bagan, Affin and Insas, gaining over RM100,000 and the bulk of the sales proceeds are still held as cash.

Posted by TheContrarian > 2024-04-28 18:47 | Report Abuse

I have a contrarian approach of investing. I buy undervalued stocks when no one wants, when prices spike up, I watch and when people including the so-called masters/sifus get excited, I sell off.

Posted by speakup > 2024-04-28 18:48 | Report Abuse

👏contrarian u d man!👏

Posted by TheContrarian > 2024-04-28 18:58 | Report Abuse

When I am 70 or maybe earlier at 65 I want to be totally out of the stock market.

Posted by Sslee > 2024-04-28 19:02 | Report Abuse

Everyone will have their own story to tell.

I graduate in 1986 when Mahathir policy of bumiputra first had drove away all the Foreign investment and even local Chinese can't expand their business without giving away their equity.

I send in hundrend of letters just to try to get my first full time job. And luckily I got my first job in SAB in Kapar an oleo-chemical plant

That the start of my carrer. I got married in 1991. Bought my first house in 1996 that cost me RM 120,000. Then Asean financial crisis hit Malaysia and my house monthly installment cannot even cover the loan interest.

I was employed by Indonesia company to start an oleochemical plant in Medan in 2001.

I bought my second house a semi-D in setia eco park that cost me about a million. I only start to invest in Bursa when I have spare money.
The rest is history.

https://klse.i3investor.com/blogs/Sslee_blog/2021-11-06-story-h1593693467-Sharing_my_thought_with_INSAS_comrades.jsp

Posted by speakup > 2024-04-28 19:45 | Report Abuse

Man u guys are veterans of Klse. 🤙

Posted by TheContrarian > 2024-04-28 20:15 | Report Abuse

I think MrSslee started investing late.

Posted by TheContrarian > 2024-04-28 20:17 | Report Abuse

The ASEAN financial crisis somehow benefited me because property price crashed and I was able to buy my condominium below market price.

Posted by xiaoeh > 2024-04-28 20:31 | Report Abuse

wah...
good experience sharing...
appreciated and hope we have more of this kind of sharing coming

Posted by xiaoeh > 2024-04-28 20:41 | Report Abuse

Posted by TheContrarian > 1 hour ago | Report Abuse
When I am 70 or maybe earlier at 65 I want to be totally out of the stock market.

Follow your heart la...

Posted by Integrity. Intelligent. Industrious. 3iii (iiinvestsmart)$€£¥ > 2024-04-28 22:11 | Report Abuse

>>>
Posted by TheContrarian > 2 hours ago | Report Abuse

When I am 70 or maybe earlier at 65 I want to be totally out of the stock market.
>>>

You know best. Your decision will be based on your financial capacity, tolerance to risk, investing time horizon and investing objectives.

At a personal finance level, many retirees are careful to ensure their savings can sustain their standard of living until the last day of their life. Yes, they may not be able to risk losing money damaging their financial health, especially if they do not have another source of income.

Those who are financially better off, may take a different approach. In fact, they are not able to spend all their income. Incomes continue to accumulate and reinvested, and eventually passed onto their loved ones. In them, their investing time horizon is not what is left of their life span, but those of their loved ones which maybe many decades. Thus, they continue to invest in equities.

Posted by TheContrarian > 2024-04-29 00:01 | Report Abuse

Presently I haven't touched a single sen from my EPF and PRS. The market value of my investment in the stock market currently stands in excess of RM250,000. And the cash with my broker, my FD amount to another ....... shhhh, I am not telling.

Posted by TheContrarian > 2024-04-29 00:04 | Report Abuse

At 65, I hope to be playing mahjong every week day rather than monitoring the stock market.

Posted by TheContrarian > 2024-04-29 00:05 | Report Abuse

Pong ...... pong ..... kong ...... pong ...... kau!

Posted by TheContrarian > 2024-04-29 00:13 | Report Abuse

The stock market this year the big gains were all during January, just a one month window period, after that it was either up a bit, long consolidation or drifting downwards which means you make little gains or nothing at all.

Posted by BLee > 2024-04-29 08:20 | Report Abuse

“3iii > …Yes, they may not be able to risk losing money damaging their financial health, especially if they do not have another source of income.

Those who are financially better off, may take a different approach. In fact, they are not able to spend all their income. Incomes continue to accumulate and reinvested…”

Very well written, am almost at this cross road now.
I am very much in properties now collecting rental to sustain my daily expenses. Any extra will be used in traveling and reinvested in properties and the share market. At one time, I was almost out of the share market selling some bank stocks, selling one penny stock now at RM8 then and one great stock now at around RM4. The $ reinvested in properties which almost treble in price and the rental received enough to cover the bank loan.

“xiaoeh > wah...
good experience sharing...
appreciated and hope we have more of this kind of sharing coming”

Yes, good sharing. Let me share my experience, but still like to remain anonymous behind “BLee”.

My younger days not rich, but stays at a very rich environment, i.e. TOL land of 200'x50’ plank wood bungalow. My siblings and myself could do outdoor activities everyday cycling and playing hide and seek around the small squatter house. I couldn't give this environment to my children (1 ingenieur, 1 accountant and 1 IT).

Career wise, study Mechanical Engineering but more to Electrical Engineering and Technical Procurement after doing M&E works initially.

Posted by Sslee > 2024-04-29 08:37 | Report Abuse

You need to exercise your mind even at old age. One of the mind exercise is keep learning the know how and know what on investment.
Know how old is KYY? He is active in investing just to exercise his mind.

Posted by xiaoeh > 2024-04-29 09:09 | Report Abuse

Posted by Sslee > 28 minutes ago | Report Abuse
You need to exercise your mind even at old age. One of the mind exercise is keep learning the know how and know what on investment.
Know how old is KYY? He is active in investing just to exercise his mind.

Good one!!
regardless of how old
don't let our mind idle
do what u love
love what u do

Posted by TheContrarian > 2024-04-29 09:10 | Report Abuse

I think KYY is 91.

Posted by TheContrarian > 2024-04-29 09:11 | Report Abuse

How many people actually live beyond 80?

Posted by BLee > 2024-04-29 09:29 | Report Abuse

“kcchongnz blog >
Insas Warrants WC and Its Valuation kcchongnz

Publish date: Mon, 22 Jan 2024, 03:11 PM
This article is for education purpose. It is not about how I made money (or lose money) buying any share mentioned, nor I have any intention of promoting any share, which I never do….”

I have re-read the above writer's article, very refreshing. I think he is another example of getting old gracefully…I hope he will write more.

Posted by TheContrarian > 2024-04-29 09:38 | Report Abuse

The article was written at that time to promote Insas-WC.

Posted by Sslee > 2024-04-29 09:44 | Report Abuse

I struggle almost all my whole life just to survive and raise my family. I only have spare money and accumulate my wealth during the last 10 years.

Imagine if I have the curent earning power when I am much younger, I will be a very happy man.

Posted by CharlesT > 2024-04-29 09:49 | Report Abuse

Posted by Sslee > 2 minutes ago | Report Abuse

I struggle almost all my whole life just to survive and raise my family. I only have spare money and accumulate my wealth during the last 10 years.

Imagine if I have the curent earning power when I am much younger, I will be a very happy man.

Difficult to tell....U could have bought more Xinquan n got burnt more badly

Posted by CharlesT > 2024-04-29 09:50 | Report Abuse

Or u could have caught burnt during 1997/1998 financial crisis.....who knows

Posted by CharlesT > 2024-04-29 09:51 | Report Abuse

Important thing now is with your wealth n experience/knowledge in stock mkt, what can u achieve in the coming years

Posted by TheContrarian > 2024-04-29 09:53 | Report Abuse

@MrSslee, you have done extremely well. You are more knowledgeable of the ways the stock market is been played. You are aware of the syndicates pumping and dumping. You are now very confident of your stock picks.

Posted by Sslee > 2024-04-29 10:00 | Report Abuse

CharlesT,
Most likely I will be KYY partner, a big shark goreng share market rather than be the suiyee sucker billis eaten by shark.

Posted by CharlesT > 2024-04-29 10:02 | Report Abuse

The ultimate goal in stock mkt is to make money

Not to help poor idxots/ waterfish to make money

Posted by CharlesT > 2024-04-29 10:05 | Report Abuse

Or to save / help waterfish from being eaten by sharks

Posted by TheContrarian > 2024-04-29 10:07 | Report Abuse

What? MrSslee planning to become a shark?

Posted by Sslee > 2024-04-29 10:11 | Report Abuse

Shark or not. Just make some money from Bursa and can sleep well at night.

Posted by TheContrarian > 2024-04-29 10:17 | Report Abuse

@MrSslee, with the money you are making from Bursa currently and in the future, you don't have to worry about your sleep.

Posted by xiaoeh > 2024-04-29 10:27 | Report Abuse

SsLee sifu
u have done a great job to yourself and your family as well
i look up to u
Salute🕴