Calvin enter stock market, put in 1M and earn $100 000
Now, idols not only depend on their looks to earn money, they also depend on their brains to earn money, Fahrenheit member Calvin Chen who holds a Masters degree in Economy and Finance, recently attempted in stock investment, for only just a short one month, he invested 1M and earned NT$100 000. Calvin said, “I’m the one who likes to earn money most in Fahrenheit.”
Read books and newspapers, entering stock market
Calvin says, it was in July this year that he starts looking into stocks and funds, because he saw that the Taiwan stock market is very prosperous, plus all his friends are discussing, he thought, “I’m studying economic major, how can I not know?” He attempted by using the most practical method, first by reading books, and understanding the theory, after having some conclusion, then he would go online, read newspapers, and relevant magazine to understand more.
Operating on various areas, spread out the risk
After analyzing, he decided to invest 1M, and settle on the method of spreading out the risk, 60% of the funds fixed on long term investment, and there are also funds and blue chips included. But he admitted, long term putting the money there, though there are earnings, but there isn’t much meaning. Thus he put 40 % of the funds into short term investment, “Short term investment, your heart must be strong, plus must be quick and decisive, for example if you buy a particular stock, after you earn some, you must let go immediately, never think of letting it reach it’s highest.”
In August, he started officially, till now it ha been a month, he experience the stocks dropping from 9000 to 8000 points, and then back to 9000 points again, after a small attempt, he earned NT$100 000, letting him feel a little satisfied, “There’s a kind of sense of achievement that you get from making business.”
Wake up early to see the situation, analyse half a year’s news
Calvin admitted, nothing is free in life, no matter how busy he is, he will definitely wake up at 9 in the morning, spending 2 hours a day to analyse, and he won’t any-o-how believe internal rumours and purchase the stocks, he will definitely spent time to understand the company that is being up listed, and read the financial report and semi-annual report.
Bron in a rich family, still need to earn money? Calvin laughed, in the past he’s always spending family money, now his target is to buy a house before 30 years old, in returns for his parents’ cultivation.
Translated by Tiffany
Credits: http://fahrenheit-globa1.actifforum.com and http://asianfanatics.net
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That's cool to know that Calvin is using his degree.
Wed Sep 26, 2007 9:16 am
