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09-07-2011, 10:18 AM
My investment journey started in 1998 but was dotted with much failures due to a lack in understanding in investment theories. Anyway, during that period, I was having fun with my career(engineering..) and was not too concerned about trying to build up my retirement nest.
In 2000, I bought a house and got married in 2001. So essentially, most of my savings were wiped out by these two events.
So,left with little money, I started to dabble in some stocks to increase my networth and I discovered Wallstraits.
I could not remember when I joined Wallstraits. I thought it should be 2001 but the decision was really a turning point for me.
Suddenly, I was opened to concepts of retirement planning, insurances, bonds, treasury bills, unit trusts and most important of all, value investing.
Armed with better knowledge and stock tips from forum members, I managed to reach a portfolio with a value of $27k at the end of 2001.
Not too shabby but it was really a long way from financial independent.
So, from 2001 to 2011, ten years had passed and thanks to all the current and past members of WS and valuebuddies, I had gained both in knowledge and a great leap in portfolio value. To me, it was an amazing journey.
The beautiful part of WS or valuebuddies is the unselfish sharing of financial knowledge by the members, notably d.o.g. With their sharing, even an investment newbie like me in 2001 has benefited greatly.
Coming back to Wallstraits, I think I also have to thank Curtis Montgomery for setting up WS. Although his WS business did not turn up well in the end, his active involvement in promoting value investing in the earlier years had created a gathering venue of liked-minded investors.
In 2000, I bought a house and got married in 2001. So essentially, most of my savings were wiped out by these two events.
So,left with little money, I started to dabble in some stocks to increase my networth and I discovered Wallstraits.
I could not remember when I joined Wallstraits. I thought it should be 2001 but the decision was really a turning point for me.
Suddenly, I was opened to concepts of retirement planning, insurances, bonds, treasury bills, unit trusts and most important of all, value investing.
Armed with better knowledge and stock tips from forum members, I managed to reach a portfolio with a value of $27k at the end of 2001.
Not too shabby but it was really a long way from financial independent.
So, from 2001 to 2011, ten years had passed and thanks to all the current and past members of WS and valuebuddies, I had gained both in knowledge and a great leap in portfolio value. To me, it was an amazing journey.
The beautiful part of WS or valuebuddies is the unselfish sharing of financial knowledge by the members, notably d.o.g. With their sharing, even an investment newbie like me in 2001 has benefited greatly.
Coming back to Wallstraits, I think I also have to thank Curtis Montgomery for setting up WS. Although his WS business did not turn up well in the end, his active involvement in promoting value investing in the earlier years had created a gathering venue of liked-minded investors.