I remember my very first stock buy. It was SIA. My brokerage then was jassion? Can’t remember the name now, it was acquired by UOB Kay Hian soon.
It was a $7 stock when I bought it after September 11. I bought only 200 shares. SIA has SIA 200 then. It is a bagger.
It turns out, it is is the only bagger. I knew nuts about shares then, but I had a bagger. Ironic, if u ask me. I knew nothing about FCF, growth prospecting, DCF etc.
I didn’t need to hold it for donkey years either. If I remember correctly, the holding period is slightly more than a year.
I lost almost all my university savings in CAO fiasco. Stop investing for a while, and re-enter the market during march 2009, buying only 3 lots of STI ETF and some OCBC 4….