My journey
I would like to share my story. I started my investing journey back in
2015, when I start picking a penny stock using small amount of money. My
first so called 'investment' seems doing great as I could sold the
stock for nearly 20% profit in less than a month. Then I bought another
penny stock, unfortunately the stock had fall and I sold it. I never
give up. I add some more money, learn TA stuff, and continue playing the
game, keep doing the same thing as I didn't realized what I'm doing at
that time. All being well as I made some money at a time yet losing
some, until the day I was losing nearly half of my capital. The stock I
bought really at the tip and suddenly crash all the way down.
My turning point
After that, I got traumatized and decided to start learn about
fundamental investing. Starting by reading books and articles, doing
company research, watching videos about investing from lagendery
investor like Buffett, Mohnish, Peter Lynch and so on. I remember at
some point, I just go and read nearly 200 of company's annual reports in
order to learn and understand about what good business are made of
besides trying to find my area of expertise. And still I haven't found
the end of these things or in simple language, I am still learning up
till this moment.
A lot of things that I've learned so far, and I would like to wrote some of it down for my own record.
Lesson 1 : There is nothing right or wrong in investing. Its all about opinion and what you do believe in.
Lesson 2 : There are many ways to success in investing. Although Graham and Warren Buffet is known for their value style, yet Peter lynch did beat the market using growth style of investing. You should have your own strategy.
Lesson 3 : What has been high can go higher and what is already low can go lower. Market always set the price, not the value.
Lesson 4 : A great time to invest is when there is blood on the street. Be fearful when other are greedy and greedy when other are fearful.
Lesson 5 : Rather than try to be smart, try not being fool.
Lesson 6 : Gut, not brain! Investing need lot of patience.
Lesson 7 : Making money from market never be equal to build long term wealth.
Lesson 8 : Investing is marathon, not F1 racing game.
Lesson 9 : Mind your own game. Don't play other people's game.
Lesson 10 : Know what you're doing, believe in yourself and always stay rational. Market can keep irrational for long time.
Still underperform.
If you ask how much I have made from market, I made nothing up till
now, as I'm just recover the money I've lost before. Therefore, I still
underperfom the market. But I still feel good as I can recover from such
big loses, and I am thankful it did happened to me.
After all, I am still keep doing mistakes, and I do hope I can doing much better in future.
Lastly, I do learned that, '
"whenever you see market is way overvalued, at least you should know that knowledge always be undervalued."
Thank you and happy investing.
Jeff.
http://klse.i3investor.com/blogs/valuedividend/126474.jsp
