I started investing on the 26th of December 2014. This marks 3 months into investing for me.
As a chemical engineering graduate, it seems natural for me to invest in oil and gas related companies. Yet the truth is that I know nuts about which stocks to invest in.
With some help from Google search, I stumbled upon some blogs and forums and picked a few stocks to put my hard earned money into. Thinking back, I should call that gambling...
Along the way, I managed to retrieve from my brain what little I had learnt in Accounting and applied it to reading the financial statements.
I had also learnt from various websites on reading charts, understanding what are open price, close price, P/E, candlesticks, support and resistance and so on... Till date, I dare not claim to say that I fully understand all these nor can I confidently use them to pick stocks.
That led me to read news on the companies that people are talking about.
I then begin to understand a little at a time. Like how oil price will affect oil and gas stocks and airlines. Or how US Fed interest rates are affecting the STI in general and in particular to the banks.
More lessons on the net led me to learning about MACD, RSI, slow stochastic and other technical indicators. These had help me to better plan the entry and exit points
Looking at how some bloggers are considered more successful than others in investment, I try my best to understand why the stocks they mention are good or not so good.
Somehow, learning all these give me a piece of mind and so far I do not have trouble sleeping at night though I may stay up late to read up more on stocks and related news before heading to bed.
As you can see, I am not a good writer and I thank you readers for reading until here. I will try my best to brush up my writing skills.
Meanwhile, the following shows my current portfolio:
Stock No. of shares
| Rotary Engg | 1000 |
| Sembcorp Ind | 1000 |
| ST Eng | 2000 |
| Keppel Corp | 1500 |
| Accordia Golf Trust | 10000 |
| Suntec Reit | 6500 |
| CapitaCommercial Trust | 5000 |
| Keppel DC Reit | 3000 |
In my next post, I will attempt to explain and justify why I bought these stocks.
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