Amazing you're a lucky gambler I'm not. If I don't have a solid plan I can't sleep at night. We could have made 30%+ as well, but it was a heck of a risk to take, I mean how did you do it? you could have been wiped out in a month, you didn't think that you could be wiped out, or suffered serious losses if one or all companies went under?

We're targeting 30% a year. Whether we actually get 30% a year remains to be seen.

Yea I did, that was the one and only time I was in the local market. That was because I didn't believe his claims that he could make 6% a month. So I put up some money, he put up some money and he showed me how it was done. I was sweating a lot because, like you said, it's gambling. It was gambling for me, because I didn't know what I was doing, but it wasn't gambling for him because he had all that stuff that I could make head or tail of that backed up his decisions. In the end I just made 6% in the one month that it took for him to prove me wrong. He went into private banking after that, so I never got the chance again.



It was gambling for me, but it wasn't gambling for him. I just followed him and sweated a lot. I was always thinking "if one company fails..." but he knew what he was doing so I just tagged along.

Now I don't gamble, I don't even speculate. I invest. I've never been comfortable punting like you guys. I like to set a strategy and follow it. We've hashed out every scenario, and we know what to do when something happens if it happens, so it's quite boring in the sense that we're not going "omg omg it's dropping what do we do what do we do" lol

We just identify the right market, wait for the right time, and then we're in. We know exactly what the risks are, and we know we can handle whatever comes, so it's not like I have to look at it all the time.

You're brave. Our worst drawdown so far has been a little less than 10%. Like I said, it's boring lol, not 30% in six months or anything



I remember KNM and Sime and Uchitec, that was in his portfolio as well.



We pulled out just before the crash. His point was made, there wasn't any point in going on.



I don't even remember the profit. All I remember was the hassle, the panic, the uncertainty of it all.



Good for you then. I might be in mutual funds given the right time and opportunity, but probably not directly in the stock market. It's crazy to have to wait ten minutes for something to match.

This post has been edited by wodenus: Jan 3 2010, 11:28 PM

Not 30% continuously, just 30% this year (and this year has just started)

Yea and on top of that they pay like 1.5% a year or something. Even so given the right time it might not be a bad idea.

What's FSM Singapore, I googled it and.. the only FSM I know is the one with the noodly appendages

Let's make them less angry then.. the charts seem to load a bit too slowly

Okay to get this back on track, know any agents that will look through the funds and alert you to any good opportunities?