I started investing at the tim

2022-04-10

I started investing at the time when covid struck and all shares plunged. I had a sum of money that I could spare and asked my banker friend for advice. The very first share I bought was OCBC bank and I bought it at $8. I made a fair share of returns and decided to put more money to work.

But greed got the better of me and I started trading without any plans, thus losing quite a fair bit as well. Although , I have paid a lot of tuition fees by going on gut feel, I believe I have grown wiser nonetheless through my failures. Nowadays I make sure I read up on news constantly, monitor a stock for a while, make sure fundamentals are strong and buy it for the business model.

I am investing to accumulate my wealth and for retirement infuture.

Why did You Start Trading or Investing?

Share your experience with us to win tons of Tiger Coins!

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

MyrnaNorth
2022-04-10
MyrnaNorth
Since the outbreak, almost many people have experienced a similar process, so remember to invest only with extra money.
- Power1:
  Thanks for sharing [Smile]
BorisBack
2022-04-10
BorisBack
Thank the author for sharing his own experience, which also provides a reference for many newcomers. Investment is risky and needs to be treated with caution.
CrystalRose
2022-04-10
CrystalRose
In my opinion, the author had a few beginnings in his investment career. Bank stocks such as ocbc performed very well during the epidemic.
Power1
2022-04-10
Power1
Most willing to share my experience so others can avoid going through the same process before learning to wisen up [Smile]

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I made a fair share of returns and decided to put more money to work.&nbsp;But greed got the better of me and I started trading without any plans, thus losing quite a fair bit as well. Although&nbsp;, I have paid a lot of tuition fees by going on gut feel,&nbsp;I believe I have grown wiser nonetheless through my failures. Nowadays I make sure I read up on news constantly, monitor a stock for a while,&nbsp;make sure fundamentals are strong and buy it for the business model.&nbsp;I am investing to accumulate my wealth and for retirement infuture.&nbsp;</body></html>","text":"I started investing at the time when covid struck and all shares plunged. I had a sum of money that I could spare and asked my banker friend for advice. The very first share I bought was OCBC bank and I bought it at $8. I made a fair share of returns and decided to put more money to work. But greed got the better of me and I started trading without any plans, thus losing quite a fair bit as well. 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