30 Apr '16, 9pm

Fintech entrepreneur goes for dividend stocks - The Straits Times

Q What has been your biggest investing mistake? A I bought this penny stock Innopac at five cents per share after the penny stock crash in 2013. Because of the crash, Innopac dropped from 14 cents to four cents in two days, but then rebounded to five cents again. I thought it was undervalued and put in $5,000. I lost more than 30 per cent within the next five days, and my broker called me up and told me to sell and cut my losses. I didn't sell because I thought it was so cheap, it couldn't go any cheaper. I held it for one more year before selling it at one cent. I lost 80 per cent of what I put in and that taught me to be decisive in cutting losses. Q And what has been your best investment move? A It was putting in 50,000 yuan (S$10,400) in the Chinese stock market in early 2014. At the time, the SSE was 2,000 and had been there for around three years, so I thought it cou...

Full article: http://www.straitstimes.com/business/invest/fintech-entre...

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