Successful investing isn’t just for the Warren Buffets and Peter Lynches of the world. It can also work for everyday people like you and I, says self-taught investor Lum Yin Peng. The key to success: 1% inspiration and 99% perspiration.
Words by Lum Yin Peng
It happened more than 15 years ago. Like most people, my first foray into investing was without much preparation. My plan was simple then: buy when prices are low, exit when they go up, make a quick buck.
My first investment was in unit trusts. Dissatisfied with the low savings and CPF interest rates, I marched into the nearest bank during a lunch break and hurriedly bought some unit trusts based on the staff’s recommendation with cash and CPF funds. Secretly proud that I was finally doing something to “invest” my money, I also began to buy into tech stocks, which were quite the fashion ......