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Investment Anyone kena burnt in investment?, Experience and your lesson learnt
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foofoosasa
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May 14 2019, 04:10 PM
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Here are some of my sharing
1) Invested around 20k AUD 11 years ago in one small cap IT company listed on ASX. Done all the TA & FA and whatever analyst. Lose 90% of my capital. That amount of money is big for me 11 years ago. Lesson learnt : never invest big especially in small cap. Only Trade them. Somemore stubborn don't want to cut lose but luckily I didn't average down.
2) Invested in Sapura energy I guess 3 years back. Estimated Lost around RM40k but this time I smarter, I cut loss when down almost 30% from my purchase price.
Lesson Learnt : don't try to pick the bottom without doing sufficient homework.
3) Venture with friend for Bird Nest Farm 4 years back. Estimated lost RM 30k. Lesson Learnt : learnt this lesson how screen through bullshit people that only know talk but no action. P
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foofoosasa
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Sep 21 2019, 11:56 PM
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QUOTE(moosset @ Sep 21 2019, 03:34 PM) I'm still holding Sapura. Fc*k! What should I do with it?? I think it's about 25k loss now!! IIRC, I think I average down .... Lesson: don't trust crony companies blindly .... How many percent of capital lost? If more than 50% honestly even myself also reluctant to do cut lost because damage is done. Hopefully oil price recover lo, so u won't damaged that badly. If less than that i suggest you cut it and switch to other stocks since many big company also quite cheap at the moment. Anyway sorry for OT guys.
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foofoosasa
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Sep 22 2019, 11:39 AM
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QUOTE(moosset @ Sep 22 2019, 08:33 AM) more than 90%!!  For me no difference to cut loss, damage ia done . Just gamble to wait turnaround, u set your new TP and please be realistic. Hopefully recent oil related matter in middle east can push a bit the share price.
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