| Subject: Your achievement is really great |
Author:
Ricky Yam
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Date Posted: 12:12:59 05/26/05 Thu
Having read almost everything within your web site and I really respect your achievement. You are another young guy I respect so much. My younger brother is doing something similar to you, he was doing EEE in University and he has started his business a few years after school, he is now running a very profitable internet trading company and a factory in China. Before he started his business, he has also read alot of reference book and worked very hard to start his business as you did. I have been studying reference book about investment for 3 years already and I have begun my investment in property last year. Now I hold 2 flats (except the one I live) but no yet got any positive cash flow yet. In fact, after reading reference book about Mr. Warren E. Buffett, I really have the ½Ä°Ê to buy stock. But, on the other hand, I understand that my knowledge in stock market is too weak and too limited. It will be too risky for me to invest something I don't really know and understand. In addition, nowaday, it is not as easy as before to make good profit by investment in stock market because outsider usually the last one to discover a good stock to buy. Reading annual report just revealed that the price of the stock is always too high and the dividend usually not attractive. So, the best time to invest in stock market should be during the period of a diaster such as SARS. I don't think it is worth to take risk to buy stock at current stage unless the stock is for very long term investment. But for young man like us, very long term investment could mean very limited profitability as well. 10% increment is the bottom line and I found that it is much easiler to get 10% to 20% in property market. Do you think there are still any companies like Coca Cola, Gillert, AE,.....awaiting us for long term investment in HK? I feel like I am still in a §x§½, I don't know how to get out from the §x§½ and activate myself in stock market although I am still reading some reference books about stock market currently. I hope that I could sell out my 2 house with a good price and commence investment in stock market by the end of this year!
Someone who is working hard in investment, Ricky Yam
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