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 Q&A, General question on stock market

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Jordy
post Jan 14 2008, 08:25 AM

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5,626 posts

Joined: Nov 2004
From: Klang, Selangor


Violin, as a student myself and possibly younger than you by a year, I can share my experiences with you.
I started trading in KLSE 8 years ago, when many people were still brushing up for PMR. It was a great experience back then watching the stocks and reading updates in the business world.
I didn't have any basic knowledge of the stock market then, I just traded by following speculations (or pure luck).
It was good as I managed to accumulate a profit of 30% by the first year, and my parents were proud.

That was just before the 2001 9/11 attacks, when I suddenly lost all my hard earned cash + profits prior to that because of lack of knowledge.
I never looked back then, but continued to earn money to start my investment again. My money was stuck there for a good few years, without earning me anything, because the stocks that I invested in were not so performing. So I just managed to breakeven.
Not long ago, I beefed up my stock trading knowledge by reading a lot when I had a break during lessons.

Now lucky to say, I have the chance of having a bit of knowledge in stock analysis, reading annual reports and invest in the right stocks.
I have accumulated enough capital to divide my investment between stocks and unit trust. In good times, I am earning an average of 10% in less than 2 months from stock market, and another 10% in around 1 month from unit trust.

I must say, for your RM2000, it is very difficult to spot undervalued stocks which you can cash into, without doing the due diligence and time for research. I sacrifice my study time to do my research and self-study on the stock market. Are you able to do that?

Regards

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