Koon Yew Yin's Blog Guidelines for investing in the stock market - Koon Yew Yin
Koon Yew Yin Publish date: Mon, 12 Jun 2023, 06:45 PM I am 90 years old and I am a co-founder director of IJM Corporation Bhd. Since my retirement 35 years ago, I have been investing in the stock market and I learned many expensive lessons which I would like to share with you.
If you Google "percentage of investors lose money in the stock market", you will be shocked to know that 90% of investors lose money. If you have no experience in investing in the stock before, you should not start.
The reason is that fools and fanatics are always so sure of themselves and the wiser investors are always in doubt.
There are about 1,100 listed companies and you don’t have so much money to buy many stocks. Just carefully select a few to buy. Never take unnecessary risk.
Unforeseen risks In the stock market, there are always unforeseen risks. Let me give you an example of how I lost some money in early 2022.
The crude palm oil price (CPO) chart below shows the CPO price shot to historical high of Rm 6,500 per ton in early 2022. When I saw this CPO price chart, I started to buy Jaya Tiasa at 70 sen in early 2022 because price chart cannot lie. As I was buying, it was going up higher and higher rapidly. When I stopped buying, more investors who were willing to take risk were chasing to buy and pushed the share prices up to historical high.
Jaya Tiasa chart below
The Jaya Tiasa price charts shows that Jaya Tiasa shot up to their historical high in May 2022. But when it reported reduced profit for the quarter ending March at the end of May, its share price plunged. As a result, I lost some money and those who bought at higher prices would have lost a lot more money.
The reason why Jaya Tiasa reported reduced profit because Indonesian workers could not enter Sarawak to work due to Covid 19 lockdown. I did not foresee this situation. As a result, I lost some money and I learned a new lesson to be more careful. Beware of unforeseen risk.
Nevertheless, all investors must know how to select good growth stocks.
Carefully read the lesson learn by uncle YY, why he lose money in jtiasa 2022.. You will realise a very weird scenery the QR was around 5c at rm6k cpo price at 2022. However, recent QR 6.9c at cpo 3.8k. Logic or not? Earning shld drop but up to historical high.... Here the secret of jtiasa will make good profit coming QR if you find the answer which stated in Calvin write up
i think i would wait for price to pullback first or break its resistance before taking in position. it seems like there's huge resistance up ahead. Waiting for discount ;)
As I post this, Calvin has already taken 2 threads of drugs very early morning today, 204 the last 7 days, 496 the last 30 days and a mind altering 52,524 over the last 10 years! Without his daily dose, he can't function. Let's see how many threads he consumes when he wakes up today with JTiasa, his latest squeeze supplanting TSH, being in active play.
1. CPO selling price 2. FFB production volume, like palm tree age profile 3. Cost production like fertilizer, economy of scale 4. USD currency 5. Competitor pricing like soybean 6. Exporter Gov policy on export quota, windfall tax rate 7. Application of Biodiesel in replacement fossil fuel rate 8. Importer especially EU policy on CPO import policy and certified green CPO
Sometimes I pity sifu Calvin. He do all the dirty work go to many forums promote Jtiasa for us shareholders here. Many times he get scolded or worse even cursed. While we all just sit back and enjoy Jtiasa go up and most don't even bother to defend him in other forums. For this I must say a Big Terima Kasih to sifu Calvin on behalf of all Jtiasa shareholders.
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....
pang72
50,961 posts
Posted by pang72 > 2024-01-22 16:17 | Report Abuse
I like to ride the best plantation stock up up up..
The feeling like riding dragon... In dragon year