A wooping 234.97 % increase in 1 year and 277.34% increase in 3 years!
What can I say ? This year has really been good on all my stocks.
Picture Source : here.
CRNT : Ceragon Network Ltds.
I bought it at $5.30 at Oct 2006, it is $18.44 today at 9/28/07. A wooping 234.97 % in 1 year.
AEM : Agnico Eagle Mines Ltd.
Another of my strong hold, appreciated from $13.46 on 4/13/2004 to $50.55 on 9/28/07.
Good year ! More funds for my missionary families.
I don’t want my readers to think I am showing off with all my wooping increase. I want you guys to know that you can diversify some of your money in gold and silver stocks. I don’t know what stocks to advice you to buy now because a lot of gold stocks have run up a fair bit. We had about 1 1/2 years of down season for gold. I am sure gold price will consolidate eventually and then that is the good times to collect some gold stocks. So, drop by now and then and check on what stocks I highlight.
If you have followed me from my investment blog , my old seaykopitiam blog and this new seaykopitiam blog, you probably know I am very eccentric, you either love me or hate me
:):). You might think I am not a humble lady to publicly flung my success, he he he he. But, I am hilarious as well. Look at this post I post many months back when gold was down : What do you do when market is down? EAT WHAT ELSE ? Have funs
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How I wished I am as clever as you like this!
Nah, Francis, you are 100 times more clever than I am. I am just lucky to ride on people intelligent, we called leverage in investment term.
I have a mentor who is in his 80’s. That cuts down my learning curve to 1/2.
The first company was a tech company that sells a tech at that time without much competition. The other sell point is that company has no debts. You know how I am with debts and when I bought it, it was at its year low.
So these 3 good features : debt free, no competitors, at its year low are all very good components of a good stock.
So I invested heavily on this stock. I don’t buy a lot of tech stocks, only those one which are debt free and most of them are Jewish stock (that has to do with my religion).
The 2nd company is a first tier gold stock that I have bought for my long and mid term investment. It is one of those good companies with real gold production and you paid a bit premium on it.
I believe strongly in 5-10years period, 5 of my 1st tier gold companies will go to $100+ ( I bought them at $3-$4 around 2004), 5 of my mid tier companies will be in their 20+ ( I bought them at $1+ in 2004) and 5 of my juniors will be around $12-$15 ( I bought them less than 50cents). Most of my first tiers are in their $30-$40 and my mid tiers are in their $15-$18 and my junior are at their $3-$4 now. I am now looking for good juniors to buy (those that are less than 50cents). Might be after this round peak is over, I will start picking some good value juniors.
(Like everything else, you need to leverage, you don’t do things on your own, you will fail flat in your face. I made 300% on this stock within 6month. How ? In fact, I got one of my retired geologist friend to analyse the ore content for me : it is hard for me to understand all the jargon about mineral ores but really I don’t need to know the knitty gritty, I just want to know very basic term, how much ores they really have
:). After my mentor and me read her report, we invested heavily on this stock and it is one of the best stocks we picked this year. Here is the post I have posted in March on this stock : BWLRF – Breakwater Resource Inc.. I would never have made that kind of profit without my geologist friend input and my mentor guidance. So, don’t think I am smart or clever.)
The key to wealth building is diversify. You work , save 30-40% of what you earn for investment (if it is a 2 incomes family, then 1 income for invest, the other for household budget etc).
Diversify your money in RE, Stocks, Mutual Funds, Bonds, and some on business. Diversify reduce your risk. Never put all money in business , or anyone of them. Always diversify. Even in stock, never buy more than 10% on a stock on your total portfolio.
Never just be an accountant, an architect, an engineer or even business like full time blogger, always diversify. Even an MD need to diversify his or her money
:):). Just my 2cents from my own life experience and see successful people who failed and those who maintained their success
:).
I learned a very simple philosophy from one of my sibling. Apparently, success is like a game of chess, it is the final move that make the ultimate success. So when you failed in the middle of a chess game, it is not failure because the game is not over and the ultimate success is when you win the last move ! That insight really helped me to think about how a successful person can end up failed so miserably, what went wrong along the way and likewise whose continue to maintain success. That insight continue to help me to see the importance of diversify !
Thanks for sharing all these. Can share some more when you’re next in Kuching?
It’s never too late to start right?
No, Francis, it is never too late. I will let you know before I visit next. We are still very young, Francis
. Lee Ka Shing did not really made it big till late 50’s, I think
. My mentor did not hit the gold mine until mid 70’s
:). So you are still very young
. Regards, Jamy.
cool! i’ve yet to grasp this!