Everybody make mistakes. That’s no a problem. But knowing it and without rectify it. Then it will be a problem. I thought stock market will rally until end of October 2009. However, it did not. Both of the stocks INTC and Tanjong that I target were flat in October. Just like Maybank Investment Bank asked traders to sell on 5 October 2009, a wrong prediction. Anyway, it is hard to predict stock market. And investor should not buy stock based on prediction but on the stock value itself.

INTC October 2009 performance

There are 2 important dates in October for INTC. One is the quarterly report announcement and the second one is employee stock option exchange date. I predicted there will be spike in price on both of the dates. But I was only correct on the first one. And wrong on the other ~ it is good for Intel employees because of the low stock option exchange price. But not for me who want to sell at USD22.50. Hmm… I have to keep it for another 3 months again.

Tanjong PLC October 2009 performance

Same apply to Tanjong PLC. Its 1H net profit increased 10.4% to 372.941 million. And it should be able to climb back to RM16.00 easily. But it failed to do so in October 2009. Luckily, I still have the dividend of 17.5 cents. Else, I will end up earning nothing for October 2009.

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Amanah Saham 1Malaysia (AS 1Malaysia) is the latest fund coming from Amanah Saham National Berhad (ASNB). AS 1Malaysia will be launched on 5 August 2009 with 10 billion units of RM 1.00 each.

Amanah Saham 1Malaysia is opened for all Malaysians age 18 years and above. The minimum initial investment is 100 units and maximum initial investment is 50,000 units per unit holder (100,000 units for those aged 55 years). This is no sales / service charges for the initial offer period. This is good because most of the private unit trust companies like Public Mutual has 5% service charges.

This is not a chance that you can have everyday. Therefore, if you have extra money to save, better put in Amanah Saham 1Malaysia unit trust than fixed deposit (which have much lower rate). For stock traders… It’s time to earn more with this extra fund in the stock market. Do select the right stock at the right time.

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Do you trade short-term stock? Yes, I do. Everybody loves to gain money in short period. Trading short-term stocks are the best way to earn easy money in very short period like 1-2 days. You don’t even need to pay in order to trade. All you need to do is buy and sell it on the 3rd day. This is called contra trading.

For example, if you buy stock A that worth RM10.00. After 3 days, the price goes up to RM12.00 and you sell it. You will gain RM2.00 without pay anything up front. However, if the price go down to RM8.00. You will have to pay the stock firm RM2.00 back. It is as simple as that.

My first contra trading of this year… I managed to buy IOICORP and sold it after 2 days. Gained 8.29% return. Isn’t that great? Yes. But you need to have a very good timing, else you will end up like the trades that I did last few years ~ underwater.

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