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How to switch career path to investment sector?
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Pension
Elite |
11-Sep-2007 13:26
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i invest heavily in centurion, colex,equation because I understand the recycle business well. |
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Manikamaniko.
Master |
11-Sep-2007 13:04
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Engineer, Ganang Guni man or Office worker... |
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Pension
Elite |
11-Sep-2007 12:44
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I am not an engineer, I do not understand the job engineer do, I am a garung guni man. I deal with recycle stuff. |
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Manikamaniko.
Master |
11-Sep-2007 12:44
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I heard Warren Buffet is into MLM (Netwotk Marketing) big time... |
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Livermore
Master |
11-Sep-2007 12:40
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In margin investment, the interest does not kill you if you hold for long term and your shares go up. |
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Livermore
Master |
11-Sep-2007 12:37
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I am not discouraging anyone to be a day trader. But just put some things into perspective : 1. Obviously to have a capital of $150k, you need to work first. Without much capital, you cannot make much from your investments. 2. With $150k, you have a leverage up till $450 000. So you can buy 900 lots of Labroy Marine at 50c. I think that was 4 years. A yesterday's price of $2.17 and after subtracting the interest incurred, you make about $1.4 million. You don't need to sit in front of the computer the whole day to achieve that. 3. Let's say a person work and earns $50K a year. A person who goes into day trading has to make sure he earns more than that a year otherwise it is not worth it. The person who works and invests can make more than $50K and that $50K is already in the pocket. 4. In the bull run, it is easy to make money. That is the time to make it big. When bear run comes, it may not be so easy. Good luck! |
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spurs88
Senior |
11-Sep-2007 10:15
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I think the most important factor why engineers are underpaid and overworked is because of the low barriers to entry. Anybody who can read an engineering drawing can call themself an engineer, unlike accountant where there is weight in the signature. |
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left_bug
Senior |
11-Sep-2007 09:52
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Well, I am no talent, but am a foreigner couple years ago. Quite a number of foreigners take up accounting jobs in Singapore too. |
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spurs88
Senior |
11-Sep-2007 08:34
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Blue chips like SembMarine & kepCorp, I held for long term. Penny stocks, I usually clear within 5 days. I don't believe in margin as the interest will usually kill you or your shares may be forced-sold |
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geojam2
Member |
11-Sep-2007 08:24
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Hi spurs88 Well done....happy for u. 2 questions...one,do u use margin lending or just trade with $150k? two,do u buy/sell or buy and hold for a period b4 selling? cheers. |
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spurs88
Senior |
11-Sep-2007 08:00
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I went into full-time because I wanted to have the freedom to do the things I wanted like spending time with my family and not having to take orders from my boss, not just for trading. I am feeling so much happier now because I am responsible for my own decision, not having to worrry about what my boss will write in my appraisal report at the end of the year. |
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Manikamaniko.
Master |
10-Sep-2007 23:27
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Some prefer holding for months on end... and never take profits at the highs... |
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DnApeh
Master |
10-Sep-2007 23:20
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Thanks, Spurs88. So, you see, your job as engineer and teacher was to help you accumulate capital while paying tuition fees in small amounts. Engineer always safety first. Teacher always wash hands first(also safety), right? If you did not work as those two jobs and started straight away trading big, big, you will not be able to appreciate the value of hard earned $ and possibly will trading more dangerously than you presently are. Just my opinion. Wahhh! 150K as capital. I should be able to save this amount by the NEXT bull run. Kidding. |
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Livermore
Master |
10-Sep-2007 22:13
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Another point is one does not need to spend so much time researching on stocks. It does not take a long time. |
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Livermore
Master |
10-Sep-2007 21:39
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Spurs, correct if I am wrong here. Did you buy sell buy sell many times with Labroy going from 50c to now $2.17? |
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Livermore
Master |
10-Sep-2007 21:35
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With S$150k and margin, that is $450K to trade. It is more than sufficient. Trade full time? Hm....It is good people like Spurs make it. But I am thinking with a huge capital and you time your buy well, you make good profit just riding on the stock run up.You don't need to be full time in front of the screen to enjoy the ride. Well just my point of view. |
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singaporegal
Supreme |
10-Sep-2007 21:22
Yells: "Female TA nut" |
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Hi spurs88, Yah... $150K is about right to trade full time. Are you TA or FA? |
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beastmaster
Member |
10-Sep-2007 21:18
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spurs88, you ve made the right choice to go in to trading. it is true tt engineer's pay have been stagnant if not getting worst for the past years. Worse when all the foreign talent, chinese, asean scholars, etc.. that our gahman has kindly sponsored to study in singapore to compete with us.engineers can work for 10 yrs and pay still barely hit 5k.. are you a TA or FA? any books to recommend? |
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patiepie
Member |
10-Sep-2007 21:03
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Thank you so much Spurs88. I started as an asst engineer 8 years back and climb up to Asst manager in a MNC. Everyone is good to me in my company and they are preparing me to takeover my boss position so that he can move to other depts. When i tendered my resignation last mth, everyone was shocked. i have been wanting to work as day trader so i giveup my job and move towards my dream. I have a target to reach financial freedom by 35 ( I am a fan of Robert Kiyosaki for many years! ). I think this is first step towards my goal in life..haha Anyway, the websites that you provided ( except the last one ) i have already subscribe or registered as a member. They are indeed useful and provide me alot of information i need. I am goin into day trading starting nxt mth. Pls provide your guidance! Thank you. Patiepie |
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spurs88
Senior |
10-Sep-2007 20:46
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My initial capital was about $150K. I reinvested what I have made regularly and over time I made even more, especially during the super bull run. Examples of investments that gave me more than 100% returns were counters like KepCorp, SembMarine, Kepland, OCBC, AdvSCT, Sinwa, Armstrong, China Hongxing and today Labroy which I expect to continue to CHEONG to $3 soon. However I also have my share of buying duds like Luzhou, IndoAgri, Penguin and Lottvision. Suggested websites for research 1. www.shareinvestor.com 2. www.sharejunction.com 3. www.ses.com.sg 4. www.remisiers.org 5. subscribe to business times 5. http://channels.netscape.com/pf/topnews.jsp |
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