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Why I’m not happy with a quick $160 profit (14 % return in 52 days)
By SG Finance Guy  •  October 18, 2018
In late August 2018, I bought 1000 shares of YangZiJiang, a ship building company. It was $1.14 per share then. Just yesterday, the share sold at a high of around $1.30. With a simple calculation, my investment has returned a profit of 14% of my initial capital in this short 2 months. This also means that the return is around 98.5% per annum. Indeed, this calls for a celebration. I have beaten the average market return of around 10% by close to ten-fold! I think I can start calling myself a ‘legend’. However, for some reasons, I am still not happy with such a stellar investment result. In fact, I’m quite pissed off as I guess a big part of me is still insecure about such winnings. If I can earn money so easily, I think it is common sense that I can lose money that easily too. Now, I...
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By SG Finance Guy
Just a little about myself, I am currently a law undergraduate. I am very passionate about lifelong investing to reach my goal of financial independence. I am quite passionate about ETF investing and am looking at an investment horizon of more than 20 years. So, be prepared to see more upcoming posts about ETFs!
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