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.

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

No no...not sifu....Just a small fry trying to make some extra galleon

I believe you have the same question in another thread and Jordy has answered.

I wish you good fortunes in the trades to come!

Everyone makes mistakes. That's why kena burn in investment and a lot of us have made those mistakes.
But the most important are the lessons you take away from those mistakes and whether you learn from them.
Bonds, equities, mutual funds, business venture, gold accounts, bitcoins etc. etc. all are opportunities. We just need to learn to separate the bad and the good and invest within our means and our risk profiles.