jacky, after u sold off all (i mean other days, not asking you to sell today), please choose less volatile stock if you want to continue invest yourself. Or else use fund manager, they only charge 3% service charge, and yearly management fee of 1.5%.
Hi Pei yee How does fund manager work ? I have 500k to park in ? guarantee return? I am beginner just start playing January this year ... Capital 650k ... But after yesterday I am scare to death . I am going to sell off bit by bit as long as don't loss so much as my average is 0.725 to 0.73
If you play play like this your RM500K will soon be gone. Sorry to say this but true, "A fool and his money will soon be parted." Especially in the goreng share market. Go and get these books and study carefully:
1) THE INTELLIGENT INVESTOR by Benjamin Graham 2) BEATING THE STREET 3) ONE UP ON WALL STREET
jacky after observing your post. my conclusion is u better park all your money in FD and forget abt stock market. stock mkt is not for everyone. u do not have mental stability nor conviction in your action. 500k or 650k will be gone in weeks. u hate me now but when u lost everything u will remember wat I said. your action is no different from a gambler in casino. so its better take all this money to casino buy big small than to hunt for tips here. most of them are wrong stock tips, or wrong timing tips. all the master sifu here r just another punters gambler trying to get attention. they were also wrong most of the time.
jacky, You can actually manage your own funds, no need for fund managers la.. some advice here, I went thru the same things and some advices
1.dont put all your eggs in 1 basket,with your fund, spread out 10 t0 15 baskets @10% to 5% of your total fund in each basket.
2. spread the portfolio from blue chips, first liners, 2 liners, 3 liners n some penny stocks. not all in PENNIES stocks!!!.
3.Have a TP for every share you owned, if you hit the target, sell and cabut, let other make. the rest . dun be greedy.
4. Have a cut loss policy, e.g if X share price down 10% (SET YOURSELF) chopped it off, lived to fight another day.
5. Share price will go up and down, don't get distract by all kinds of sembangking here 90% just coffee shop talk. remember you are an investor not speculator !!!! it takes time to make money.. even your FD 1 year is only >4%. there will be all kinds of comments ,have confidence in your choice....
5. READ READ READ...LEARN LEARN LEARN , everything in i3, bursa announcements at their site, newspaper , magazine etc etc,... soon you will understand what I meant. read the following people comments esp. in blogs, also KC Chong nz, OTB, TanKW, madibha, chinesetea, asamlaksa just to mention a few.. pick up tips and some signals from them.. there are good people here also... after in there for 20 years . I am still learning..
jacky. make money in stock mkt is not easy...90% of the ppls lost monies. 8% breakeven. only 2% get to keep the money. the 2%, has patience, capital, years of experience, years of reading n studies, superb FA or TA skills and impeccable timing. r u the 2%? if making money in stock mkt is so easy. who want to drive taxi or work in alam flora?
locked up 90% of your fund, only use less than 10% to dabble in mkt as tuition fee. buy books from masters to read. most important, do your own studies.
stock mkt is always there. its always the same, only the suckers changed. my sifu taught me..
icon. seen many sad stories la... it start with 500k. then 1 wrong move bcome 450k. then hop into another bcome 350k, then kepala ala angin, want revenge, look for the hottest tip. sailang. thinking of make back the 150k... all gone. classic pattern of newbies with a lot of monies.
wah optimus1, really only 2% people make money in stock market? I only heard abt the 10% making money before but 2% sounds like you r exaggerating the thing la. Lol
Icon8888, like that the two clients got include you or not. Lol. Optimus1, if its reli as bad as you said, then buy property even better investment la? Hehe. Even keep in FD with interest worse than inflation rate also better lo.
out of 100 rich man. hardly one made his money from stock market. mostly made from Land (incl inheritance), property, factory (manufacturing) In sunset industry also made it from land sales subsequently. nothing go up forever in the longrun. only land n property. but the problem is. it is very difficult to punt in land n property and require long gestation period and huge capital, most ppls don't have the capital or the patience or both.
I m not saying now is the best time to invest in property instead of stock. property, like everything else, has its cycle. if u caught at peak, u have to wait years to recover. no simple answer to your question, its all boils down to your foresight, guts, timing and capital.
So far Malaysia property never really have a drop unlike other countries. Even singapore property prices drop sometimes, Malaysia one keep on appreciating only. Haha...starting to be damn ridiculous edi the prices nowadays.
First of all I want thanks All senior and experience people here for sharing ... really touched and learn a lot . I believe all this valuable advices no money can buy ... losing so far 40plus 50k now seem huge but the lesson I learned and advices given from new friends like Optimus 1 , calvintaneng , nangka , pei yee , jaiyenyen and etc all is so so valuable ... never know actually there is so many good teachers and friends around :) Althou. I am losing now But I am still happy for u guys... may u guys make more in time to come .
Losing now doesn't meant you will lose on tomorrow. Cheers guy. Stock market is like that. If bursa today last day trading and will be shutting down forever, then you consider lose. Don't give up and don't greedy.
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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....
henrytham77
464 posts
Posted by henrytham77 > 2014-03-04 16:04 | Report Abuse
lucky got topup @56c :)