Thursday, February 14, 2019

Investing is a very tough job


I first got to know about stock market and registered my trading account with Phillip Security in July 2010. At that time i did not know anything about stock market. Two years had passed, i only bought 2 S-chip counters which were recommended by my friend. I did not read any financial reports of the two companies.

The first two years i did not really know how to start trading with my own stock selection. There were about 1000 companies in SGX. How could i select which company to buy? There was a time i tried to check on the stock which had a very big jump down from the historical highest price to the lowest price. The stock i ever considered to buy at that time was Advance SCT. At that time, the share price of Advance SCT had dropped to about less than 5% from the historical high. I was hoping the share price would run back to its highest price, then i would made 20 baggers from that stock.

I asked my friend if i could buy Advance SCT and he told me that it is actually a technically bankrupt company. Thanks to my friend i did not buy into Advance SCT.

In September 2012, i had found my way to do my own stock screening. I started to browse thru the financial reports of all companies which were announced via SGX. However, i would eliminate few criteria like blue chip (simply because i am not able to interpret the reports), S-chip, and some other criteria.

I think that moment could be considered as i first went into stock market with my own way to do it. Now 6.5 years have passed, i am still in my learning journey. If i measure my performance so far, i think it can be considered as 7 out of 100 or 7%. Meaning there are still a long way for me to go and learn more about investing in stock market.

I have gone thru a few years of my investing journey. I find it is not an easy job at all. In fact, it is a very tough job. I think anyone wishes to be part of the journey, he/she has to spend at least 5 years to get to know the basic thing about stock market. It will need about 8 - 10 years to measure our performance and sustainability.

I am glad i have found investing journey as part of my life. Special thanks to my friend who introduced me into stock market. I feel this journey suits me the best and i am going to go through it until i get old. 



1 comment:

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