New Wealth Creation Begins!!

Start from today, I have make up my mind to start my wealth creation program all over again. Despite reading more than 30 books on wealth creation involving Stock trading, Investing and real estate investing. I felt I am really going no where. It is time to stop reading and take more action.

As at 24th April 2011, my investment portfolio includes:

Share trading: Nil.

Share investing:
Pacific basin (HK: 2343) - Target price $6.50
Bank of China (HK:3988) - Target price $4.80
Esprit (HK: 330) - Target price $80.00

Real estate investing: Nil.

Business: Nil.

N.B. I have separate Share investing and Share trading because I think there is a key difference between the two. For Investing, the time frame is longer, can be up to 3 years and the most important thing is to find a good company to invest and to buy at a fair or bargain price. For share trading, the time frame is much shorter and I don't really care whether it is a good company or not. My entry decision will be base mainly on technical entry. I can go Long or Short. Depending on the market condition.

I planned to hold share investment for a longer period until it reach my target price. Currently I will start focusing my effort in share trading with CFD (Contract for Difference). My task is to find a good online CFD broker that deal with HK shares.


Article by Trading Room
www.tradingforreal.blogspot.com