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Stock Market
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Written by Ben
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Sunday, 04 November 2007 |
The stock market is the world’s biggest casino
There you’ll find people of all races, young and old
Excitedly going about their buying and selling
Some have no idea of what they are actually doing
The naïve think about how much they are going to win
The professionals work out how much they can possibly lose
The former, unable to distinguish between investing and speculating
They know nothing about manipulation and rigging
Winning to many is the beginning of losing money
Boasting and laughing about your gains is really funny
Unless you know why you win, and why you should win again
Its better you go slow, lest you find yourself in pain
Speculation has a way of fattening you for the slaughterhouse
If not intelligently executed, you may reduce yourself to a church mouse
Investing in undervalued stocks is the better approach
So first of all, find yourself a good coach
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190% Portfolio Growth in 9 months |
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Stock Market
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Written by Leremy
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Friday, 02 November 2007 |
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You are a successful man when you can make
25% growth in a year with the money you invested. Earlier this week, I accidentally
heard from RL and Jensen conversation that RL has made 190% in the past 9
months. I was amazed. I immediately requested RL to write an article about his
experience in the stock market, and the secret that lies in his achievement. He
was humble and refused to write because the actual capital he invested was
small. Still, I believe that whatever he had gone through will be a good guide
for the beginners in the stock market. I insisted RL to write us an article
about it, and here it is. I hope everyone can share his opinions and thoughts
about it in the comment box below.
Is making 190% in 9 months an impossible dream? Well, here is the story. This is a true story and it is written with all the sincerity and gratitude.
Looking back, I have been in the stock market of about 9 months now. I started getting into stocks around February this year. Having the euphoria that I have what it takes to make money. Well, the drop after the Chinese New Year gave me a shock that things were not as easy as it seems. I started to look for help. Looking around the internet for guidance. Maybe it was fate and luck that brought me to Ben's blog. It was like love at first sight. It is also the place where I get to know two most important people in my journey as a trader. One is Ben, and the other is Max.
Let us start with Ben. From his articles, I could tell that Ben is a very experienced person and the right one to seek help. So I emailed him, seeking for advice on what books I should read. I still remember the reply Ben gave me even till today. He said, " you say you are an investor, but do you know what is the difference between an investor and a trader?" It was a simple sentence, but it woke me up and introduced me to the terms that I have never heard before in my life.
It was almost the same time that I came across another one of the most important people in on my journey, Max. He was the one that showed me the right path to walk in order to be a trader. He also showed me to one of the best material to build my foundation. The book,"Trading For A Living" by Dr Alexander Elder. With Max's guidance, I was able to learn and absorb more from the book.
That was how it began, lets continue the journey...
After I was shown the way, the next step is to accumulate the knowledge. I started with the book, "Trading For A Living". It was the most important book that showed me a whole different perspective to what trading and stocks are all about. And I would recommend anyone who is serious about trading, to read the book. And please do read to understand.
While slowly accumulating the knowledge, I started to test the different theories and methods of play. And another important milestone came up. It was my trade on Nextnat. It was a huge loss because I lacked of discipline. I knew the most important rule in trading is to "keep the loss as small as possible and let the profit run as far as possible". I was stupid, ignorant, arrogant and worst of all, lack of discipline. This trade was so important because it stabbed me hard, and it taught me the important lesson of having a plan and stick to the plan, with DISCIPLINE. After that, there are still many ups and downs in my trades, but I never gave up and there is always something new to learn from every trade.
Slowly, I learn to adapt to the market and I always put learning as my main priority. Because I believe that if I am able to learn and adapt well to the market, money will follow by itself. This is also the reason why I don't follow tips or recommendations. I always pick my own stocks. It is because I always put learning as my top priority. I look at charts everyday to learn about there price and volume movements and relationships. I spend at least an hour a day just to do that. It is hard work and I always believe there is no gain if you are not willing to work hard for it.
To sum up,
1) The Chinese New Year dip showed me that money don't drop from the sky, even in stock market.
2) Ben showed me how "naked" I was in knowlege and he gave me a place to find what i needed... (the blog and now, the site).
3) Max showed me the right path and how to walk as a trader.
4) Trading For A Living gave me a solid foundation.
5) Discipline is the determining factor of how well your plan will work.
6) Continuous learning and adapting is the key to keep yourself fit so that you can survive.
7) Learning is topmost priority. Which is also why I don't follow tips and recommendations.
Lastly, stock market is an everchanging condition, which is why we need to continue to learn and adapt. Nothing is free and good things don't come without hardwork.
Regards & good luck
RL
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Educational
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Written by Ben
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Thursday, 01 November 2007 |
Here are some proverbs which I hope readers will like:-
A pessimist sees the difficulty in every opportunity; an optimist sees the opportunity in every difficulty. - Winston Churchill
An investment in knowledge always pays the best interest. - Benjamin Franklin
It is when the well is dry that we know the price of water. - Ben Franklin
A successful man is one who can lay a firm foundation with the bricks that others throw at him. - Sidney Greenberg
To
achieve the impossible, one must think the absurd; to look where
everyone else has looked, but to see what no else has seen. - unknown
It's never too late to be who you might have been. - George Elliot
The
difference between a successful person and others is not a lack of
strength, not a lack of knowledge, but rather a lack of will. -Vince
Lambardi
Success consists of going from failure to failure without loss of enthusiasm. -Winston Churchill
A man is not finished when he is defeated. He is finished when he quits. - Richard Nixon
Yesterday is a cancelled check; Tomorrow is a promissory note; Today is the only cash you have, so spend it wisely. - Kim Lyons
How
you spend your time is more important than how you spend your money.
Money mistakes can be corrected, but time is gone forever. - David
Norris
Only those who will risk going too far can possibly find out how far one can go. - T.S. Eliot
The purpose of life is a life of purpose - Robert Byrne
Hard work beats talent when talent doesn't work hard. - Tim Notke
The middle of every successful project looks like a disaster. - Rosabeth Moss Cantor
Most look up and admire the stars. A champion climbs a mountain and grabs one. - Unknown
Successful
and unsuccessful people do not vary greatly in their abilities. They
vary in their desires to reach their potential. - John Maxwell
The
test of our progress is not whether we add more to the abundance of
those who have much; it is whether we provide enough for those who have
too little. - Roosevelt
You may be disappointed if you fail, but you are doomed if you don't try. - Beverly Sills
Unless you try to do something beyond what you have already mastered, you will never grow. - Ronald E. Osborn
If you aren't making any mistakes, it's a sure sign you're playing it too safe. - John Maxwell
Nothing ever comes to one that is worth having except as a result of hard work. - Booker T. Washington
All the beautiful sentiments in the world weigh less than a single lovely action. - James Russell Lowell
The man who keeps busy helping the man below him won’t have time to envy the man above him. - Henrietta Mears
Not everything that is faced can be changed. But nothing can be changed until it is faced. - James Baldwin
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Link to us with Cool Banner |
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Annoucement
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Written by Leremy
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Tuesday, 30 October 2007 |
Some of you may have already noticed the new link we created under the Main Menu. Yes, you can link to TalkandShare.com with some cool banners now.
Earlier last week, one of our respected members, Dr.Tee had requested me to create a banner for him. He wanted to link to TalkandShare.com from his new coming blog. I thought it was a good idea, thus I created 23 banners for the members of TalkandShare.com to use.
The banners come with a variety of pictures and sizes. You may choose any of them to suit your taste and blog position. You can also attach it into your email signature if you wish to promote TalkandShare.com to your friends through email.
Below are some of the banners example from TalkandShare.com.
To use the banner is EASY and SIMPLE. Simply click on the link Banner (link us) under the Main Menu and follow the steps below.
1. Choose the banner you like.
2. Copy the code next to the banner. Blue for banner size of 120px (width) x 300px (height), while Red for 160px (width) x 450px (height). Note that, we have horizontal banner of 468px (width) x 60px (height) as well.
3. Paste the code into your blog / website.
4. Done.
If you have difficulties completing the above steps, simply let me know either through the forum or through the Shout Box. I will always be around to help ;)
Until then, I hope whoever who loves TalkandShare.com can now link to it with “styles”.
Together, we shall build TalkandShare.com to its finest quality. Cheers~
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Stock Market
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Written by Ben
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Saturday, 27 October 2007 |
MNRB Holdings Berhad
(UNDERWRITING OF ALL CLASSES OF GENERAL REINSURANCE BUSINESS)
Insurance companies buy insurance from MNRB.
MNRB commenced business in 1973. This means they have been in business for 34 years.
As at 31 March 2007, their paid-up capital was RM211, 866,000 divided into 211,866,000 shares of RM1 each.
EPS = 61.4 sen (basic); 61.3 sen (diluted). These figures are after taxation.
The Company’s dividend track record has remained solid for the past 30 years. They paid: A first interim dividend of 15% tax free on 26.12.06
A second interim dividend of 5% less tax on 30.03.07
A final dividend of 26% less tax on 28.08.07.
For the 1Qtr ended 30 June 2007, the earnings per share (EPS) = 46.65 sen. This figure includes an extra ordinary gain of 30 odd sen per share. Nevertheless, the normal earnings are commendable.
Last year, the 2Qtr earnings were announced on the Nov 20, 06 and the payment of a 1st interim dividend was made on 26 Dec 06. In this respect, an announcement is likely to be made in the near future. There is also a likelihood that a Special Dividend maybe made because of the one-off gain they made some time ago.
During the last financial year, Malaysian Re (MR) has been asigned a Financial Strength Rating of ‘A’- (Excellent) by A.M.Best and Fitch Ratings. These ratings have placed MR among the elite reinsurance companies in the Asian-Pacific region. According to the Board, ”the group is poised to scale to greater heights.”
Chart-wise, the stock last closed at 5.10 which is its immediate resistance level. I expect this level to be breached within the next two weeks. The next resistance level is at 5.80.
This stock, in my opinion, is undervalued. It is solid and gives good dividends.
As usual, the writer disclaims all liability for his comments and opinion. Whether you choose to buy, sell or hold, you do so at your own risk absolutely.
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