Yeah… 2009 was a very good year for investment no matter in stock market or unit trust. The bull had been running from March until end of the year. It was a little bit flat at the end but up a lot in overall during year 2009.

FBM KLCI 2009 performance

Wow… I started to invest in stock market back in middle of year 2006. Lost lot of money until end of year 2008. Invested in some ‘dangerous’ stocks (gain fast & lose fast). Bought called warrants too. Whenever I look back those years, I laugh. How silly am I back then?

I started to invest late in year 2009. And set target to earn RM 20k in stock market that year. And I achieved it. However, it just managed to cover past few years losses. So year 2010 is a new start for stock investment. I paid lot of education fee and it’s time to gain it back.

What did I do in year 2009 compare to year 2006-2008? I studied stock research firm reports. Be aware of the current economy trend. I selected recommended stock to invest. I did my own analysis of course rather than follow research report blindly. I did not ‘play’ called warrant anymore. And invest in high dividend stock only. Focus on less than 10 stocks only like Tanjong PLC, Mudajaya and IOICorp… By the way, I did lend some money by using stock margin facility. It helped me to buy stock even that I did not have such amount of money. Else I could not reach my year 2009 target.

Looking forward ~ year 2010. This is not a smooth year to invest. Most of the stock price already reached the fair value in year 2009. But it is not impossible to make money this year. So I set another high target for me ~ RM 30k. Let’s fight for it.

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Arr… Tanjong PLC stock price over RM17.50 already. I was wrong. I set too low buying price target. Here go my 2 units of HTC HD2.

The lesson that I learn. Don’t stop monitoring stock market. I was busy during holidays with my new gadget ~ HTC HD2 and focusing on increase blog traffic too. Did not study well on stock market at all.

Well… The rally should continue until Chinese New Year based on past historical record (Don’t trust past result). Anyway, I am not going to buy Tanjong with price over RM17.00. How about you?

Arr… Still remember Mudajaya? The stock that I regretted most is at RM5.13 as at 5 January 2010. Lesson learns… Never sell good potential stock.

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Never stop study stock market. It had been 4 months since I sold MUDAJYA 5085. Its stock price went up to RM4.10 on 11 November 2009. Up more than 5% intraday. Why? It announced good 3rd Quarter with nine-month net profit 75.844 million. How much did I earn? Nothing. I did not buy back Mudajaya stock after sold it at RM2.00. This is the stock that I regretted most…

Never sell a good stock and don’t buy back. Make sure you buy back at attractive price again after you sold it. Hmm… I still have issue that cannot keep stock that don’t have previous historical high like Mudajaya. I need to change this bad behavior soon.

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Every investor always asks this question, ‘keep or sell’. For me, I have no confirmed answer to it too. I set a target price when I buy stock. And I will sell it when the stock hit my target price. However, you might earn less when you sell too early like my Mudajaya case. Or set too high target price like my INTC case. And end up earn nothing.

Tanjong PLC past 2 months performance

I have 2 target prices for Tanjong ~ RM16.02 and RM16.74. The first target price should be easily hit with sudden high volume. But men are greedy. So do I. Should I wait for RM16.74? Or sell it at RM16.02? I don’t want to end up like Mudajaya and INTC cases.

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I owned MUDAJYA 5085 last 2 weeks. I sold it at RM2.00 which I thought was good price. However, I was wrong…

A sharp increase in stock price

MUDAJYA 5085 performed better than expected. The stock price increased 50% in 5 days (just after I sold it. ) Well, is MUDAJYA going too far already? Nope, based on OSK Research. It revised MUDAJYA target price to RM4.06 on 6 August 2009. If this is real, MUDAJYA still have lot of up side to go.

What do you think? Buy it or hold on because the sudden 50% price increase is too much already…

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