country music rocks!!!
taking stock (pt. 2)
okay so i wasn't able to get any shares of "the baba", but that didn't stop me from venturing into the risky world of the stock market.
hey, practically everyone here is doing it. and when in rome, do as the romans do ... so in hong kong, do as the hongkees do.
so early this week, i took a gamble and bought one share-lot of some cheap property stock. my thinking is, property is hot here so sooner or later, property stocks will eventually go up.
then towards the end of the week, i bought three share-lots of a semi-public utility company. my thinking this time was, hey, i give them a bit of cash daily, why not earn back some of those right?
so how did i fare?
i lost 300 bucks. and if you consider all other charges, then my net loss is about 700 bucks or about 0.7% of total investment.
i'm getting anxious, but i'm staying optimistic that all this gamble will really pay off ... especially considering that i - very unintentionally, to my surprise - practically zeroed-out all my liquid cash to buy these stocks.
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