Intro - Snowcap

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#1
Hi everyone,

Snowcap here. I started working in 1993 and knew nothing about investing. But I am a saver by nature and soon accumulated some savings. At the time in the 90s, fixed deposit interest rates were around 5% (before the Asian Financial Crisis). Gradually, as I opened more FD accounts in different banks, I was advised by the banks to invest in unit trusts, which I did. Some lost money, some made money. But I continued to work and earn money. I did not focus on investing until I came upon Wallstraits in 2002-3. It was also around that time that I read Rich Dad Poor Dad.

With a CDP account and a hunger for knowledge, I attended a $4000 investing seminar (Investools), which on hindsight was a scam. It was hard for someone in his 20s to learn anything from a 3day seminar that is enough to help him break even. So I remain skeptical of these 3day seminars till today.

I learnt much more by being a member of Wallstraits ($100 a year) and reading forums, reading books about Buffett/Value Inesting. I also read financial news from Business Times, The Edge, and the $6 Shares magazine. Although this is my first post and first day in valuebuddies, I remember the long and extensive posts by d.o.g., dydx, and Dennis Ng (RIP) in Wallstraits. So I am very pleased to see these "old guard" here.

However, despite being invested for many years I still think I have much to learn. I still struggle to read financial reports and decipher the meanings behind them. My knowledge is like bits and pieces here and there, so I continue to try to learn.

I hope to have good discussions with the "value buddies" here.

Snowcap
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#2
Hi Snowcap,

Thanks for your introduction, and glad you remember the old days back in Wallstraits and the sharing from our veterans here. Big Grin

Hope you can continue to learn and grow your nest egg as we march onwards in the journey towards financial freedom. Smile
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
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#3
I must also add that I follow/ed these blogs. They provide me with both knowledge and inspiration.
1) Musicwhiz (it was great while it lasted, thanks)
2) Drizzt
3) bigfatpurse.com
(not exhaustive)
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