tag:blogger.com,1999:blog-6897513886211197509.post3572792358359333684..comments2024-03-28T12:38:11.434+08:00Comments on Singapore Man of Leisure: Men and our irrational behaviourSingapore Man of Leisurehttp://www.blogger.com/profile/13774067113884418001noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-6897513886211197509.post-7717808129624586622011-03-28T11:07:14.272+08:002011-03-28T11:07:14.272+08:00Talk about Jurong Tech ! Bought at 30c around 2002...Talk about Jurong Tech ! Bought at 30c around 2002 and sold off at $1 around 2006 there abouts. Bought again at 36c in 2009 and lost 50K.<br /><br />Not surprising. If you have 10 stocks, all you need is for 2 or 3 to perform well to come out ahead. Haiz, tuition money. There is no free lunch. Important thing is to learn from all this. Otherwise will have to keep on paying tuition fees.<br /><br />XAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-24068482673693470622011-03-26T17:09:18.606+08:002011-03-26T17:09:18.606+08:00I started this satire post to poke fun at myself: ...I started this satire post to poke fun at myself: say one thing and do another thing....<br /><br />Here's the examples:<br /><br />1) I used to own Jurong Tech until it went bankrupt under a mountain of debt. Yup, I am one of those shareholders that got nothing in the final liquidation.<br /><br />I bought it when Jurong Tech was on a high making the popular Motorola Razor phones (remember them?) 4 lessons I've learnt:<br /><br />a) Stocks can go to ZERO.<br />b) Don't buy and forget.<br />c) Cut my bloody losses early!<br />d) Leverage cuts both ways. Ouch!<br /><br />2) I still have 6 small penny stocks lying dead in my portfolio. It's a bit of contradiction, but I will keep them. No, not in hope of them recovering; they never will. But to stick it in my eye each time I open my margin account. It's a bit like "huo xin chang dan" remember to myself.<br /><br />It's ok to make mistakes - that's part of learning. But I must profit from my mistakes!!! <br /><br />That's why I still have a margin account and do dabble in CFDs, futures, and currencies once in a while. I know, "mer zai si"!Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-81185169792674380402011-03-26T16:18:09.645+08:002011-03-26T16:18:09.645+08:00I copy paste Createwealth8888's comment to my ...I copy paste Createwealth8888's comment to my same guest post at Derek's blog:<br /><br />"We have also people that will avoid debt like the plague in their personal life – be 100% debt free they preach. You would assume they will apply it to the stocks they invest in. But the stocks they own are mostly companies that have quite some debt on their books. Interesting…. Talk about cognitive dissonance! But debt boost ROI mah, they say sheepishly…."<br /><br />Read? Know the difference between <a href="http://createwealth8888.blogspot.com/2009/09/business-leverages-and-personal.html" rel="nofollow">Business Leverages And Personal Leverages.</a>Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-1384044523799910242011-03-26T15:46:21.944+08:002011-03-26T15:46:21.944+08:00I gather you saw my comment in that blog ;)
But ...I gather you saw my comment in that blog ;) <br /><br />But one thing good that came out of it is that I turned my negative energy into inspiration for this satire post. <br /><br />What's the point of having millions when you put off people? <br /><br />I've met big factory owners who can't speak english, like to use expletives, but after touring the factories with them, the way these millionaire business owners greet and treat their workers explain a lot why they have reached where they are. <br /><br />They have high EQ.Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6897513886211197509.post-80603306170763505282011-03-26T11:14:03.471+08:002011-03-26T11:14:03.471+08:00SMOL,
Remember those selling koyoh at the markets...SMOL,<br /><br />Remember those selling koyoh at the markets ? If your product is good, people will know by word of mouth, no need to put down others to show how good your product is. <br /><br />Live and let live.Anonymousnoreply@blogger.com