Tuesday, June 26, 2012

Book review - Making your first Million - Micheal Leong

This is is basically a fundamental value investing book. I learn some trading philosophy from him.
He started up ShareInvestment and subsequently sold it off to SPH, making good profits on selling the biz.

His experience in the investment field is much likely to be anamoured, as he did achieve success in this investment.

However, there is one point where I still struggle to accept, is that there are not only buying, but also selling as well. Maybe my stocks hasnt trigger the selling points yet, so I do not have the feeling of selling at all.

But I often wonder, if I don't sell at all, and ride out the economic crisis, then I will not be able to capitalise on the fall of the stock market. Though I will still be buying in. This is one scenario that I always ponder and haven't yet find a solution about. Hmmm...

BreadTalk Sold!

On 27th June 2012, I sold BreakTalk at $0.49 and making a total profit of $39 after all the commission was deducted. Lol. My initial target was $0.56 and a profit of $510. But guess I still wasn't patient enough for capital gains stocks. And Breadtalk didn't seem like it was going to grow. I was simply capitalising on its fall in price and its fundamental strength to rebounce back. Lol.

Well eventually Breadtalk will grow back, but I'll rather put it in someplace that is either faster, or has more long term growth potential. I don't really like to buy and sell, buy and sell. Lazy. :P

Still looking around for more stocks to go in for long term.
Probably Second Chance Properties or OKP. :)

Book review - Think and Grow Rich by Napolean Hill

This book is wonderful. I learnt so many things from this book.

It talked about MasterMind Alliance, which is to have superb relationship with the people around you, thus making your own dreams possible with faith and confidence.

Inside the book there is alot of teachings, all of whom impressed me the most is the chapter on the Art of Sex Transmutation. This chapter strongly suggests that sex itself is an energy, reproductive energy. And by reproductive energy, it is a life force, which represents action. Its so strong, that if one knows how to channel it into good use, the result is tremendous and amazing.

I also like the chapter of invisible counsellors, where the real life story told is so amazing yet I can truly feel that it is true.

Everything in the book goes in line with the teachings of Buddhism. So for me, I find it fairly easy to understand. And everything makes a perfect circle of understanding. :)

So I really recommend this book to anyone who wants a better understanding of life and how it works.
Coz this book is simply amazing. :)

Friday, June 01, 2012

Breadtalk

The other day when I was sick at home and diablo server was down, 22nd May 2012, I went to buy in 6 lots of BreadTalk stock at $0.475 each. Now present price is $0.48. According to the historical price chart, it seems to be at the bare support level. And my longest time frame is 3 months max, so it's by around 22nd August that I will sell of this stock. Price target is $0.56 (around 20% returns). I only set aside $3000 for capital gains stocks investment to try it out first.

Cross my fingers and wish my luck! :)