BURNT BY STOCKS : STUDENT LOST $700,000 IN 3 MONTHS

[wj888]

Now, I plan to buy during recession + Actuarial approach........
(Less on FA, less on TA-----Pros, same as above + sell signal is when I double my money or TA says sell for all indexes.......Cons, I will tell you guys 5years later......lolx)

This is not an original strategy, I was inspired by one of the greatest investors in this world.....Sir John Templeton.......

Visit this link for his story....... http://newborn1000.blogspot.com/search?updated-max=2011-01-19T11%3A20%3A00%2B08%3A00&max-results=1

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No point trying to maximize gains using TA & FA.......... we all seen how people (including yours truly) trying to outwit the market etc.........both method works but, all on great "transaction cost" (Years of effort spent,time,energy)

Just my 2 cents worth.....since 2006.........

Great Strategy! This one confirmed make money ! I did just that though I DCA too long (took around 6-8mths) to get fully invested to my percentage. Next recession, I hoot equities and properties in short time, cannot DCA so long.

To add on, if people dare not hoot individual stocks during recession, then the safest and CONFIRMED GUARANTEED CHOP way to buy during recessino is to buy the STI ETF. No company failure will bring your investment down the drain.

The video is indeed inspiring. As you can see, Maslow's Law come into play, once you have enough money to cover the basic needs, self-actualisation becomes the ultimate goal (to do good to society as an individual).

[arthur]

A word of advice: "confirmed" and "make money" really doesn't rhyme.
Ok.. think old man said too much. I don't want to be cursed for blocking ppl wealth path.

I think this thread's story I posted didn't really make its point...

"Many shall be restored that now are fallen and many shall fall that now are in honor"

[gutman]

hi gutman, interesting to read your story. Tks for sharing.

i think you would have done well with your "good" company holdings now that the market has re-bounded and you added more near the bottom. Reasonable dividends as well.

Asides, would you say if you are continuing to take chances with upstart companies of less proven fundamentals and pedigree, with higher risks for higher gains?

Agree with you about the management team. For me, this is a learning process. Unfortunately some AGMs are fairly useless for the purpose. CEOs themselves have varied PR skills and that may not translate to organizational management. Other than AGMs, i go thru the work experience and background of key management in the Annual Reports. Still, i find that it is not enough depth while anectodal stores are not quite empirical. Have you found it useful enough at most AGMs and checking up the CEOs? How has the experience been?

Hi Mikh, my apology for the late response. Yes, I would still take chances with new companies such as new IPOs. But it will be money that I am ready to lose. Thus, the amount I am ready to commit will be small.

I do the same as what you are doing on the CEO and key management. I try to find out more on the CEO's past experiences. I also try to find out through contacts that know the CEO. If you have friends who worked in the company, better still, as you can hear first hand how they see their own CEO. I have had the opportunity to meet and dine with some of the CEO or management staff and such sessions are definitely useful, as through the "small talks", you tend to find out a bit more about the character of the person.

AGMs are good if you have the opportunity to talk to the CEO or the management staff. You can normally gather something from the way the CEO response. Some will "talk big", while others are more down to earth. Most other board members normally don't know much about the operations in the company, and will mostly be PR talks. But it will be difficult to have the opportunity to talk to the CEO as everyone else will want to talk to the CEO. One way is to just stick around and listen.

And arthur, I think the thread's story did make its point to those who choose to see it. Like you said in the beginning: " If I could save one soul, its enough for my effort in posting this up already."

Thanks for the effort.

[SLC81]

Good timing for the post, Arthur.
It as about time for people to be reminded of the risk on the downside especially as the market has gone up quite a lot since 8/2010 and there are lot of complacency now. But as MSW has pointed out, we do not really know how many % of the story is true lol ?

[Musicwhiz]

Good timing for the post, Arthur.
It as about time for people to be reminded of the risk on the downside especially as the market has gone up quite a lot since 8/2010 and there are lot of complacency now. But as MSW has pointed out, we do not really know how many % of the story is true lol ?

There is a significant amount of complacency now, I feel. People are starting to chase for upside again, instead of watching for and protecting their downside.

In investing, capital preservation is paramount!