Personal Finance

Just today, my mom told me that she lost a substantial sum in the stock market due to incorrect buy in of stock - Uni-Asia Finance. She had a tip saying that the stock was a value stock but when she bought the shares, it was way past the level of bargain buy.

One thing to learn from her lesson, please do your basic check on the stocks you want to buy - PE Ratio, stock fundamental, current economic outlook - of course, within a reasonable time upon receiving the tip. Also, set a target selling price as well as a cut-loss measures so that you could minimize your risk from speculations.

Most importantly, if you do not intend to hold the shares for long or you are not trading on a full time basis or you do not know how to minimize your risk from trading, PLEASE buy other types of investment products, unit trusts / funds, endowment, do also seek advice from a financial planner so as to ensure a proper personal financial framework is already in place before dealing with medium / high risk investments.