Anyone veteran unker auntie experienced kaokao lost in investment before?

How you deal with it emotionally?
How you live after the lost?
How the lost change your lifestyle and mind in term of financial?

Your experience is youngster lesson, if you don't mind to share.


NOTE : Serious thread, no kopitiam (at least don't get transferred), no fighting.

This post has been edited by fairylord: May 5 2019, 10:33 PM

You experienced burnt in investment?
Under the sea now?

I kena burn bad investment mostly in share. Wiped out 80 percent of my savings.....I feel very down for months .....but took it in my stride and pick my self up instead of 14th floor. 80 percent of saving was after 14 years of slogging

Oh well..now I recover and am more contented and do my homework and get wisdom before venture out again. So far just small small investment here and there

If I divert the money for high risk investment, I'll prepare to lose it.

Otherwise, set an attainable goal. Don't be greedy.

Emotional plays an important role in our investment decision and it always cloud your wisdom.

Lastly, depends on investment asset classes, some of them are recoverable over time. You just need to be patient and let it cruise through the test of time.

My experience is small burnt but all the Money invest become air disappear, not much but have teach me not to be greedy.
The long term investment with steady return just the correct way become successful for rich. Instant rich game , we no enough money to play with them.

1/ maybank silver account
- learnt that not wise to buy gold and silver from banks as spread too large.

2/ foreign FD with Malaysia bank
-learnt that banks always win in terms of exchange rate.

3/ amanah saham variable price
- learnt that best to keep cost low, avoid agents. 5% commision cut is hefty.

I invested a lot in British banking and engineering stocks.

Lost a lot of money during the subprime crisis.

I once invested money to set up an Irish pub in Phuket, it had some very healthy returns and I mostly got back my money by the 6th month. Myself a Brit and a Thai who was the local partner. On the 8th month the local partner shit the place down by deregistering the company and then selling the assets and operations to another company he owned and hired another British expat to be the pub manager. The premise and the owner perished during the tsunami.

Well you learn to pick up the pieces and move along while keeping a straight face.

Every investor get burned in investment, it is a matter of magnitude. Normally, those greedy would get or nearly wiped out.

If leveraged to invest, failure could be catastrophic.

There is no quick and easy way to make money else there should be a lot more than 4% of adults in this country have over us$100k net worth.

This post has been edited by icemanfx: May 6 2019, 06:40 AM

I invested in this stock back in 2010 just after it went public at the A-region and kept averaging downwards due to my believe that investment in Education is one of the best, and then I finally sold it off between the C- and D-region after realising that this company is going into a sh*thole.

Lesson learnt - never get involved with companies closely tied with Government policy. Any slight change in Government policy could mean the end of the company.

The same can be said with the situation of TM is in right now. See chart below.

1. Be unemotional - use pre-planned If-Then-Else (eg. portfolio rebalancing IF.., IF x falls 20% or more.., IF..), numbers/knowned,
NOT based on feel/crystal balls
Do NOT "plan fire escape during fire". That's where fear & greed jumps on me.

2. All financial plans are useless - it's the planning that is useful.
ie. the logic/reasons/whys. Thus, one can always tweak when things happens or goals moved/changed

3. All financial goals are really life goals.
If i dont have a burning reason WHY i NEED to reach the goals... then.. meh.. i won't carry through

This post has been edited by wongmunkeong: May 6 2019, 11:51 AM

I invested in a company called HEXAGON because people are saying this company got robert kuok inside to help.

Although investment is bit big, around few K because already pn17 that time.

But that white knight didnt happen. Hexagon delisted and gone.

Same as trasmile case.

Never invest becuz thinking got prominent investor inside and will rescue it

When tips reached average Joe, is about time to sell.

Contract secured through political connection mean the company doesn't has the capability to bid on level playing field. Most will fail with political connection.


This post has been edited by icemanfx: May 6 2019, 01:43 PM

Invested in GoPro , wanted to play earnings, ended up bag holding many years back.

Bought Netflix at 100, sold at 110. Trading at 385 today

lost more than 50% capital in stock trading due to no real sifu to learn from last time.

kept emotionally aside, set a cut-loss margin. nvr fall in love in any stock.

My pov and experience

Keep on averaging down is not a good practice in investing.

When a stock is keep on going down on long term basic, it is better to review the reason of it.
Good stock that are registering stable and profit growing and keep on rewarding shareholders with generous dividend, generally their stock price won't keep on sliding on long term basic one.

Whenever an invested target poorly perform, it is advisable to patiently monitoring first instead eager to average down, if really that bad, sliding non-stop, cut loss early.
Average down could mean double the loss instead of trying to gain back.
Average down may be = bet more on the losing stock...

Get rid of losing stock, but keep those performing (gain) one should be the motto of investing.
But most people did the other way. Take profit (sell) those gain one (normally gain a little), but keep losing one and average down more.

Average up is better that average down.

There are many, ten or hundreds of many good stocks out there for choosing around.
Don't need to fall in love in one or two.

We are not choosing a single "wife" in investing, we can or should have wife(s) in investing.

Diversification is important to mitigate the risk in investing.

This post has been edited by cherroy: May 6 2019, 02:58 PM

You are right, and my mistake should serve as a lesson to all other young investors alike.
Well I was young and naive back then with nobody to caution me on such stuffs, I had to learn everything the hard way.
But being burnt is one sure way to keep improving yourself.

Current MTM I'm down 280,000... havent exit cause... how to take such losses... still hanging on..

THIS is so true.

I suffer form this as well, fast to book the (tiny) profit, but when lost too stubborn to cut.

Now the hole very deep... cannot even cut

Aunty, typo is it? Now 4%?

Made tonnes, then started getting overconfident in options. Coupled with a serious lack of sleep due to family reasons, I lost about 170k.

Fortunately, mostly RSU money. If it's savings, probably will be even more heartbreaking.

Learned not to be too greedy and overconfident.

I once lose 8k in forex. just because I managed to get return 2k before losing huge amount. I was greedy and overconfident. That was 7 years ago.

Started investing since 2009.

Lesson learnt: Best time to start is after a recession.

Lost about EUR2k trying to understand forex derivatives.

Lesson learnt: Not for mortals. Will not touch ever again.

Got some stocks in the red, but fortunately overall up cos of portfolio diversification. Worst performer -44% (LPKF). Best performer +511% (MSFT). Lucky enough to have made more hits than misses. My holding period is very long. I've held MSFT for 10 years.

Lesson learnt: Diversify, won't be super rich, but will let you sleep at night.

Invested in a friend. Purely emotional decision. Bought into his sob story, and wanted to help him

Long story short, the guys a con. Lost about 20k.

The experience gained however is immense. Never give into emotional blackmail and be prepared to burn a bridge. That pain of being betrayed is still very fresh, and now all my friendly loans are backed by paperwork and guarantees/collateral.

Invest in btc n eth during hoo haa time. Lost 10k. Lesson learnt.
Goal post need to be shift again.

BTC is gaining traction back from 4000 to current >5000 level.
It's time to go in again!

it is easy to start up any business but within 5 year how many of them close down? 70% and within the next 5 yr how many of those surviving business actually survive.? only 10%.. just like any top athelete and business. this is a truth and a statistic that we cant ignore. But here is the trick the moment you are within that top 10 % you can buy anything include private yatch or jet or any limited edition watch. This is the truth.

Trading is a business that if you have no risk management you gona loss it. it is all about probability mindset and dealing with constant uncertainty. which is no different from traditional business.

i am consistently taking my losses whenever it predefined. following my trading plan.
you can be a long term trader that follow monthly chart or short term trader watching 15 min to 1 hour chart it is the same except the reaction have to be much quicker in 15 min chart.

prior entry you can choose what to buy at what price level and how much to buy. and after entered the trade you only have 2 choice where to take profit and cut your losses it is all about emotion and psychology. if you dont have that sorted out dont take it.


QUOTE FROM SOROS;
IT'S NOT WHETHER YOU ARE RIGHT OR WRONG, BUT HOW MUCH YOU MAKE WHEN YOU'RE RIGHT AND HOW MUCH YOU LOSE WHEN YOU'RE WRONG.

This post has been edited by normanTE: May 7 2019, 04:32 PM

Lost 230k investing in precious metals stocks.

However, that was after I made 1.8mil in them same stocks.

Lesson learnt: nothing goes up forever!


Anyone here got burnt by Genneva gold???

Thank you for all not hesitate to share the experience. It's really seldom reading about the adverse side of investment as none would like to share the failure.

So far, have not seen any unker aunty share about the 2008 and earlier recession, how to live over the doom days. May be we all here are majority investor (or new) of youngster generation which yet to experience those suffering moment from financial and investment perspective.

Always we heard some sifu suggest to average down and when you believe continue to hold, or save warchest and get ready to hoot during/after recession. I just don't understand how to hold up my believe when the price arrow are shooting down in a graph and my heart is keep pumping the blood all over the body while we unable to identify where is the bottom and start bounce back.

Are you able to hold?
Are you dare to hoot?

This post has been edited by fairylord: May 7 2019, 06:41 PM

How to know what to hold? Hold cash rich companies, companies which people still need to use during bad times or good unit trust.

Yes no problem holding.
Yes no problem hooting also as evidence in Dec 2018. When price of a stock drop by almost 30%* take a chance and hoot.
Not seating on 10%p.a dividend


This post has been edited by Ramjade: May 7 2019, 07:37 PM

The reason why investor can decide on the above questions is because they don't have strategy and plan.

The fundamental of the investment is very important. First criteria is u must satisfy yourself whether ur selection of your investment is a good and resilient one. Once u satisfy yourself with that, then it is very easy to decide. When the price is low, u keep entering to average down. U will not be able to identify the bottom but if u have a plan (like down by x% or x amount then u enter). Without a plan, u wont know when to enter.

This is why many investor exit the market last year and those who stay invested or even top up during down period get to reap off the benefits when it rebounded.

Back in 2008 when the market was bad, auntie A invest more when the investment is losing money. When comes to 2009, uncle B enjoys a 60% rebound but auntie A who invests more when the market was low enjoy 80% rebound. In this case, both auntie A and uncle B invest into the same investment, which is good and resilient, just that A top up when it's low and B didnt top up.

Not saying that history will repeat but if u know your investment well, have a plan / strategy, then u will succeed more than those investors who doesn't have the knowledge.

Also, those "sifu" is partially right bout average but this is half the story. Did they tell u the other half of the story is to satisfy yourself with a solid and resilient investment? If one keep average down a lousy investment, then this person is losing more money even more especially when the investment doesn't rebound or stay negative for the next 10 years or more.

You see from the stock/shares part of view. There are other types of investment which if hoot correctly and hold, have low risk (if you know your investment well).

Of course, common scenario almost if not all investor will lose or make wrong decision throughout the journey, but if one has the proper knowledge, the wins are always more than the lose and the lose generally is insignificant amount if compare to the wins.

So if one made a good choice at the present time, but suffer loses in the future due to circumstances say market downturn, rather than term it is as "burnt", we would say its a loss of money in investment.

If use the term "burnt" meaning one have no proper knowledge and sebarang hentam making poor choices and occur losses. Hence the term burnt.

Siu dai talk kok only.

just remember this: when you -50%, you need +100% to make it back to where you came from, and it's almost impossible given that if you cannot make positive investment.

This maths is hard coded to make people lose in investment especially without first understanding risk of ruin.

If you don't know this, you will probably tinkle with martingale and end up ruining your portfolio.

x% traders will lose x% of their portfolio in x days. You tell me what is x=?

1. Bank Foreign FD: bought when GBP tanked around 2008, huge chunk of profit eaten by massive bank FX spread
2. Bank Gold Account - went practically nowhere in 6 years, CAGR prolly around ~2%
3. Crappy endowment plans - PruCash, HLA Evergreen - more than halfway through/completed, will just put leave them in the naughty corner of my portfolio
4. Heng Yuan share - learnt to treat i3 forum like kopitiam
5. 'Saving' more with ILP - have since tuned down premiums to levels enough to sustain policy

All in all, only no. 4 resulted in -ve realized returns. The rest being cost of opportunity.

This post has been edited by roarus: May 7 2019, 10:30 PM

Before I start, I would like to clarify that I am not yet an unker category, but I have lived through 2007-2008 subprime crisis (second crisis in my life).
Reason I did not share about the subprime crisis is because my losses were quite insignificant as compared to the loss I shared regarding MEGB. I had the first crisis in year 2006, just before the 2007 subprime meltdown hit.
So my capital wasn't a lot when it hits. I only started rebuilding back my warchest from 2008 onwards by hustling in between classes and then reinvested everything (hoot) back into stock market into 2009. That was my big break and I finally got to see the light at the end of the tunnel. I recovered when the market boomed into 2010, where I got the confidence and hoot into the wrong MEGB (which made me lose a hell lot of money I recovered).

The MEGB saga took me 3 years to get back on track and in 2013 I decided to put back everything to hoot the market again. Between 2013 and 2015, it was my hayday as I made a lot of money (and loss some).
For the past 20 years of my investing journey, I have lost and re-hoot the market over several times. Now I have learnt to hold on to my stocks, don't want to repeat the same mistake again of selling and realising the losses during a crisis.

Sold an ICO at 13x profits, then it went on to 100x. Opportunity cost of RM200,000 there.

Held another ICO up to 25x and didn't sell, now trading at cost price. Opportunity cost of RM80,000 there.

lost more than 10k because trusted my remisier to make the right speculative call

lesson learnt: DYOD

Made some losses investing in stocks and lessons learnt. I think due to the following reasons:

1. 'Does not really understand' what and why I am actually buying. Some are from tips, analyst recommendations etc. They will only tell you when to buy, wont tell you when to exit.
2. Does not have the time to monitor closely, and also the knowledge to reach a decision. Some people will said everyday just spend a few minutes look at the price, but you also have to know what each price level means, otherwise it is just numbers to you.
3. Most important. Did not set exit target (take profit and cut loss). Ended up just buy and don't know when to sell.
4. Since doesn't have a clear objective, I guess it also doesn't help in mitigating the emotional up and down looking at the stock price movement. Ended up making decisions based on gut feelings.


So after these lessons, I realized I'm not suitable to invest in stock market. So I go for unit trusts, but i guess this one is a story for another day as this thread is about getting burnt in investment.

Goldquest from Hong Kong.

Younger years, plain stupidity.

Invested in an offshore registered company for 5k, but got return 300k in a month. Instead of sending money back but i decided to let go. Dont understand why the gain in such a short period scare of dirty money. Dont know whether im stupid or what but probably im fated to be a failed investor who has small risk appetite

Amithabha........Om, Om, Om.



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I wont call my self a sifu. in life if you are looking hard enough youwill get the answers. judging from this you are from investing perspective (fundemental is very important)
if you are certain the business that you holding is fundementally strong you should continue to hold.
what is the criteria of good business ? you must understand just like any profession it take many year to specialise in their craft. heard of law of 10,000 hours.

to cut the granny story short. here is the lead
consistent earning and sales growth and low debt with lot of cash in hand which mean they have some forms of moat.
Current ratio excced 1.5 and Debt /equitty ratio of <0.5
sales and general administartion exceed of 30% of gross profit margin is a no no meaning management taking too much in bonus or salary
what is the outstanding shares look like? are they printing more shares or share buy back. (usually not happen with malaysia stock)
(again if you are investing this is also a probablity strategy it doesnt mean it work all the time it also depend on economic environment if us going war with china those probability most like wont work, like winter your crops just dont grow)

investing you need a one great deal of ingredient that is PAtiently waiting for the right price.
like mr buffet once said like a punch card. if you can only punch 20 time in your lifetime you will think very hard each time before you make those punches and infact you dont need 20 punch to get rich. probably 3-4 punch you will be in a comfort zone.

good luck.

I think you are wise cos might be a case where they are using your bank account for money laundering.

Everyone fall but what did you learn from the fall that is more important and look at the ray dalio principle.

The biggest lesson I have learnt from investing is know when to cut the losses. Always save your bullet for another day.

This post has been edited by solstice818: May 9 2019, 10:18 AM

My money was burnt in buying shares. The current situation in bursa Malaysia is not recommended to buy shares now. I was lost 30~40% from my total investment in market shares. Now what only I can do is hold for it up to 20~30 years.

Fortunately, I am still young. I can save money to invest in others safer investment such like asb and asb2. My trading account now left untouched, the money is still there. I'm still holding some shares of 3 companies but all 3 shares are losing money. So I not really care about it, although I'm losing 5 digits amount. Few years ago, I was starting to build up another investment in ASB and ASB2. So hopefully I will save up more money in the next few years. My target is 6 digits in next 10 years and 7 digits in next 30 years.

This post has been edited by junclj: May 9 2019, 11:44 AM

For years, bursa is known as a crocodile pond and yet many still attempt to profit from it.

migrate to SGX liao. more choices and transparency.

boss shing3e, does this mean sgx got better returns/ rates as well?

oooooohhhh wait i didn't say that.

there are better returns/rates elsewhere around the world or even in msia but there are some solid factors that makes me consider SGX such as

1. government regulator and authorities credibility like MAS
2. choices of company in SGX, more diversified and covers alot asia pacific, some europe, some US...
3. the forecast of MYR/SGD appreciating
4. etc...

many more. can compare and see see if you like whichever suits your investment appetite.

Up to date.

Tio burn around 6k.

Most from UT.

Lesson learned is that. Anything that move daily. Don't ever lumpsum. And don't be easily emotional breakdown.

Really grateful that I still hold to my principal that don't know anything then don't invest in that. If not I will tio burn more bad in crypto, shares.

UT tio burn because no study about it. Don't know deep just dive in it. Now invest according to region etc etc. More systematic.

I myself quite conservative. At least 60% in ASNB FP. That really save me a lot.

I huat 140% then crash 25% super painful, now only play indexing...

Never burn, never know your limit hehe...

Lesson learned

1. Markiel fooled by randomness
2. Bogleheads indexing
3. Efficient market hypothesis masuk tong sampah.

Why? Coz when crash, your ahpa ahma also can't recognize you. No need talk growth value momentum investing, TA, bla bla bla.

Worst if you signed up for margin.

Advertisement time

In times of market volatility, pls consider indexing as one of the way to preserve your wealth. Click on my signature for redirect. Sekian.

91

Ah wong, can we be unemotional? Kahneman say cannot. Thaler juga.

Yes... Averaging down is painful to watch in hindsight....

We human got overconfidence issue... Janji proven correct by keeping our hopes on falling stocks

The aunty uncle keep told me if they only bought public bank in 1997....but got another bank bankrupt that time... What name d?

5k to rm300k. I dont know what it is, but i dont think its money laundering.

Anyway, from my expe4ience. I averaged down into a company with a strong track record. 15 years profit, revenue and equity from 20% cagr every single year. They invested into the wrong sector and took a major hit. I thought they would rebound in 1 or 2 years. It took 3 years and even today they r still working through their issues.

I lost 6 figures at the low. However if i had held it to the rebound i would have made double or triple my money. I was in the red for years. I learned many many lessons. Not just financial lessons.

For me it wasnt any one lesson, i just improved my investing acumen. I made back all my money and quadrupled the original sum.

It’s a public listed company? No clear but you said you recover your principal righty? Even though the company is still working out their issue.

Bro, hownis ur skill now?
In forex or local market?

MBF finance or something?

Notion vtec. Started buying at 70+ cents. Avged down until 45 cents, avg price about 50 to 60 cents Bought millions of warrants. My name was in the top 3 holders of warrants in dunno which year. 18 cents avg price. Sold out at around 6 cents. In total lost about 50% of my port. I sold it 3 months before the warrants went up five fold and the mothershare went up to rm1.3. After holding it for 3 years. I bought another company that went up almost 10x. Made back all my money.


Those talking about public bank in 1997. Today there r similar banks trading at what public bank was trading at 20 years ago. They r in greece. The whole greek banking syatem market cap is less than hong leong bank.

Hehe... If buy mbf.. Kaput 100%

Cool! Regardless from which counter, the most important is you got back your capital and more 👍

Those were bad time for lots of uncles and aunties.

What is your burnt story? Property investment?

You know, money game/fx/options scammers like an Aunty banyak jahat hati.

She derives pleasure from others’s pains. Worst, she thinks of how to scam them. Really bad this Aunty.

BBB/uuu mentality is like mlm guru, tell glory story, pretend to be successful to attract novice to enter the market to buy overpriced property. It is no wonder karma is back to bite BBB/uuu.

You know, I like to tell a little bit of story. Now, mind you, it’s from research mainly, also a bit experience lah.

One aunty, behaving like chicken little, kept crying ‘the sky is falling, the sky is falling’

Then one day, to everyone’s surprise, she managed to convince herself of her lies, so sell cepat-cepat.

For the next few years, prices kept going up, meletup lagi for some years and now plateau. She gets desperate, kicked herself for missing out on the increase. But salut to her, she keeps on ‘the sky is falling, the sky is faling’

So she came up with a plan. Why not scam people? Since people are greedy, let promote money game/fx/options. Let’s transfer those money to her pocket.

Tada! She has two weapons now... ‘the sky is falling’ and money game.

You’ll see her lurking around the forum. So don’t be alarm.

Sekian terima kasih.

To BBB/uuu, property overhang is fake news. In denial, hope to attract novice to buy overpriced property.

I don’t know lah. Someoneof your intellects (I think) would think that Aunty is pretty stupid, no because she sold off early but beating her self over it.

Also evil to try and promote scam like money game or leverage investment like options. 🤷‍♂️

1/ maybank silver account
- feel the same here. hard to earn.

2/ foreign FD with Malaysia bank
-initially wanted to open forex account and lastly tak jadi.

3/ amanah saham variable price
- invest in UT, just losing the opportunity cost after 5 years of keeping it. Even no gain no loss, i still feel like better put into FD.

Smartest investors could always time the market and sell at the highest price.

Lol.. u just summed up auntie’s modus operandi...I say now auntie has propephobia...

con-woman always says "there are better investment" "hint-hint, i have the secrect".

money game/fx/options like that aunty also smart. evil but smart. oh, she starting to use religion to back her claim too.

lol! that aunty, million million posts, sama sama stuff. bitter cos missed out on the home run, bitter cos find herself stupid to sell early. evil cos promote money game/fx/options through leverage.

but i no say it's our aunty hor. it's for those terasa.

many die hard/obsessesed property investors are addicted to high leverage like compulsive gambler without realizing it.

This post has been edited by icemanfx: May 10 2019, 10:29 AM

Damn I been here quite sometime yet I still don't k ow who is this lol

Your word of "Bogleheads" led me to this thread opening.

Bro, anyone else.. If you wish to read more about failure in investment :
https://www.bogleheads.org/forum/viewtopic.php?t=25126

Hehe... Malaysian dunno bogel head yet... Wait botak and lost all money only wake up =P

I terasa ok. Do not do not listen to the ppl spreading negative news. I am getting hated by ppl i do not even know because these evil ppl r going around manipulating the gullible

Ok ok. You terasa. No kiatan to me. If in your real life people hate you because of rumour, maybe good to do self reflecting lah.

Online ini open forum, k? 😉

Kena sabo until everything also gone. How to self reflect. Dont get scammed by these ppl.

This post has been edited by flight: May 11 2019, 04:50 AM

Those with inferiority complex tend to names calling, personal attack instead on subject.

This post has been edited by icemanfx: May 11 2019, 12:52 PM

Mind sharing more details?

Came across some video, articles saying if only they bought the index or funds after the financial or subprime crisis. Look for long term like 20 to 30 years.. value up by few hundred %. Then show chart of period from 19xx to 2016.. which is indeed uptrending graph.

What it's like during those crisis in Malaysia? Most YouTube video or article only talks about the US and world generally..

This post has been edited by xcxa23: May 11 2019, 01:32 PM

Anyone kena burnt in investment?, Experience and your lesson learnt (Investment)..

Plenty....Malaysian stocks (I think it was a stock begin with R that cost me a lot, I bought on margin in that one, lost about 2k back then which was about 1/5 of my portfolio)..one of them, WCT, Zelan, Cocoland...

US Stocks - Chimera Investment (-USD1800), BP (bought as a good investment but it tanked after Deepwater Horizon), and used to be Starbucks (I bought it a 2nd time after a loss on the 1st, and it has netted me well)....

I guess it made me wiser not to buy on rumours and sell on news...A bit more cautious in buying stocks, setting a plan for my trading style (either hold or sell at x% profit), stick to the plan, not let emotions run the show, look for solid stocks to hold, etc.

Since then I have had my fair share of losers, but more winners. You can't win them all, but you try to shoot for as many winners as possible. A lot of it for me goes into studying the P&L, Balance Sheets, Review company, etc.

Even after that I still won't hit winners all the time, some are losers but you won't lose big if there are solid fundamentals with the company - timing might just be out (i.e. free hand tweet from POTUS at odd hours) or market sentiment turned against the industry...

Someone mentioned (I think Jordy) said average down. I used to do that until I read another book that said you should average up, not down (William J. O'Neil - How to Make Money in Stocks). But read it for yourself to understand the context. Today, looking back, I can't fathom why I averaged down.

Bought into agriculture commodity etf thinking rapid population growth + frequent natural disaster and climate change will push prices up due to supply < demand in the long run.

Human capabilty proved my predicition wrong as technology and science increase yield so much that they consistently outpaced demand and the population insatiable hunger.

But im still holding it, maybe one day thanos predicition is right. Over population will happen.

If you meant the 2008 crisis, it was a scary roller coaster ride. I remembered the biggest fall in the KLSE and it came the day after everyone returned from Deepavali holidays. A few days early DJIA had just slumped. So we had Deepavali to enjoy and prepare for the bloodshed that came next. But once that was over, and if you had cash leftover, it was a buying spree.

And if you bought right and traded smart, you would have made a bunch of cash...The risk was the market would tank, but once it went up, and investor confidence grew, it was time to buy.

Public Bank was RM8 or something....That was the 1st stock I bought after the crash...and still hold. I don't think I can get that price again.
And there were a few times I went in for like 200,000 of a RM0.20 company and only to sell it at RM0.22, netting RM4,000 in a trade. Do this a few times over a few companies and then you get the stock market to pay for your honeymoon, house renovation and much more...


Oh...And I joined LowYat Forum in May 2008

yes and for every crisis happened, especially in asia and how malaysia market reacted.
thanks for your input.. i am still studying that time and had absolutely no interest in finance.

only started interested and investing during 2010..

do you still remember which company, survive the 2008 crisis and still doing well in brusa
i do heard alot ppl, aunty uncle, say if only that time buy bank share.. wondering which section able to tank the market.

haha.. i jz manage to profit 6k+ from construction share..

damn.. heart of steel.. 2008 was second crisis?
manage to earn from recent trade war?

David_77

May I know what ETF ?

Hi sifu, i would like to know how and where to buy stocks? Newbie here.