Making money from stock market during this turbulence period is getting difficult.
Nevertheless, I beleive there is ample of opportunity at this pessimism time if we look at long term view (3-5 years) .
Sir John Templeton, the famous stock market guru once said:
"Bull Markets are born on pessimism, grow on scepticism, mature on optimism and die on euphoria.
The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell."
Hence, I am trying to build a model portfolio with RM100,000 with a minimum target of 10% return for one year period. Ultimately, I hope the investment will achieve RM1Million in a few years time.
My motto for this investment is "Invest like Warrent Buffet"
Criterias for my stocks selection are:-
(1) Good Management
(2) High Dividend Yield
(3) Growth Stock
(4) The company must be in business that I can understand
(5) Low Gearing
The portfolio is created on 23 May 2008.
Name Quantity Price Total Amount
Resorts 4,000 3.30 13,200
YNH 5,000 2.20 11,000
Ornasteel 5,000 1.53 7,650
TowerReits 5,000 1.28 6,400
Dayang 5,000 1.45 7,250
Hai-O 2,000 3.78 7,560
Cash 46,940
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Total 100,000
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The portfolio will be reviewed by end of every week i.e. every friday.
Simple explanation will be given in next blog as why I buy these stocks.
Friday, May 23, 2008
How to make RM1 Million from Bursa Malaysia
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