One of my early trades… and the most memorable one!

I’ve done many trades since I first began participating in the financial market a number of years ago. But I have to say that this particular trade was the most memorable one.

What company did I trade? It was Zinifex Ltd., a mining company that has since been taken over by another company.

The strategy I was using back then was the dividend-harvesting strategy. I bought into stocks that were in a trend and were about to pay out dividends very soon. As you all are aware of, on the ex-dividend date, the price of the stock will fall to correspond with the dividend payout. I held on to the stock, allowing the price to recover, and captured some of the uptrend movement as well.

An interesting thing to note, before I embarked on this trade, I told my girlfriend about this little plan of mine. She was sceptical. If successful, I could actually make quite a sum in just a short time but she said “Mana ada senang macam tu nak buat duit!”. Hehe πŸ˜›

Fast forward to a couple months later, the plan worked and the money was more than enough to fund the purchase of my Nokia 8800 Sirocco Edition.

I was stoked! Just one little regret though. In hindsight, I should have saved that money rather than spending them on a phone.


Disclaimer: This article is not a specific nor general advice on managing or investing your money. This article does not constitute a recommendation nor does it take into account your investment objectives, financial situation nor particular needs.

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