Lesson from One Up On Wall Street

I'm still reading the book - "One Up on Wall Street" by Peter Lynch. My progress isn't exactly very fast as it feels like I really need to just sit down and read my books in order to have more take away lessons learned from the various books that I had read so far.

So the main lesson I learned from this one was that we should open our eyes bigger and observe the little things that's happening around us. Because any common person on the street can actually spot a good company at a much faster rate than the big investment firms, provided we are observant enough to spot them.

With this interesting fact and lesson learnt, I suddenly had this idea of looking up the company behind the things that I liked and enjoy and see how it goes from there. :) I can't help but think that I really had neglected this blog again for quite sometime and hope to be able to keep up once again. Let's hope this really works out.

It's like me and one of my best friends enjoyed shopping at Robinsons or John Little Sale. In fact the both of us had the Robinson's credit card, we will receive the mailer on their sales and will visit their sale at least 3-4 times a year. So I went to look up for Robinson's share only to discover that they are delisted in Jun 2008. Read more on that Channel News Asia Article.

Owning Stocks is like Having Children

One very interesting statement that I read in Peter Lynch's book: Owning stocks is like having children. Meaning we should only buy as many stocks as we can handle, especially for those part time stock holders. Because, it takes time, patience and effort to manage each one of the stocks. Even if it means that we only look at the annual / quarterly report every 3 months. But still, that takes time.

Personally, apart from the annual and quarterly reports, I usually will search for any potential risk that the company might face on a regular basis, especially when it comes to a company that has debts, it's important to know that they are still able to pay off the debts and not end up in bankruptcy. For such cases, usually you will see a notice in the SGX announcements or even just the regular news. When the red light indication is on, you just need to be aware and careful about that particular stock you are holding. Because, it might be just between 2 weeks to a few months that the stock can get suspended from trading and there goes all the hard-earned money...

Planning to Start Blogging again..

After neglecting my blog for close to a year, I came to understand that in life, a lot of things are about focus, dreams and plans. I would say that I had experience an exciting and interesting year last year, filled with fun leisure trips and almost unbalanced and rather overworked life.

Stepping back a step or 2, gave me time to think about what I want, to plan for what needs to be done in my work as well. I came to realized that when I planned more and implement things according to plans, do what's more important first, give me a chance to gain back a bit more of my work life balance. Be it so, I still do get to go for trips / tours to relax my mind and recharge for a better tomorrow.

I'll be giving my blog a new face-lift after my next Taiwan trip at the end of this month. Before that, I'll start my sharing on the various lessons that I had learnt probably in a fortnightly basis. So that I have the time to read up more and put up the contents in a more interesting manner. :)

The first post should be posted by end of next week so stay tuned...