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 😛

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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About nadlique

This blog is about the journey of a 28-year-old Malaysian towards financial freedom. This blog was started back when the blogger was 21 years old. However, his journey towards financial freedom had begun way before that. Materials such as investing, business, entrepreneurship, equities, and real estate are presented. The author also posts his thoughts and observations on life in general.

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