Anyone trade full time?

[klarklar]

Well, he also worked and saved for many years until he became a millionaire at 40+ years old then become a full time investor to grow his wealth to become what he is today

You sure he became millionaire at 40+? So late?

 

[klarklar]

There are a few types of trader.

3. Trend Traders. I fall into this group of traders. We look for trends and ride the trend from start to end. We holds position from days to weeks depending on the trend. The objective is to get the maximum out of every market movement. The disadvantage of this strategy is that you'll get multiple losing trades, you must have a strong heart for it.

5. Long-Term Traders. These are the safest traders of all. They usually don't loss money. They only buy strong fundamental stocks after a market crash and can hold their positions for decades. The disadvantage of this strategy is that you must be patience and wait for the right time, which most youngster don't have. So these traders are usually the more mature individuals.

Great post. But I am confused with some parts. Shouldn't Long-term Traders be called investors? Is it possible for Trend Traders to be Long-term traders if the trend lasts for years or even decades? Like the commodity super-cycle?

 

[felixleong]

You sure he became millionaire at 40+? So late?

Most remisiers age over 40+ 50+ de, so i think could be ba...the explosion in his wealth was the all in bet on wilmar, 100 bagger

 

[Sinkie]

You sure he became millionaire at 40+? So late?

HE HAS been known as the remisier king for years, but given his new-found zest for solar energy, perhaps Sun King ought to be Peter Lim's new title.

But that might not work either, given the vast fortune he has squeezed out of palm oil.

There is one thing you can bank on: Mr Lim is not getting his head turned by come-hither looks from the hot property sector; stocks are still his thing.

'I'm an equity person,' he told The Straits Times. 'With equities, you don't know how the story will end. But when the market turns, you can sell your shares and get out in three days. You don't need to know the buyer.'

Try that with bricks and mortar: 'With a house, you put it on the market, buyers come and criticise it, pay you a deposit, and three months later, don't even settle.'

While he counts some of the country's top property players among his friends, real estate development is just a matter of 'timing', he insists; the rest is up to architects and engineers.

Mr Lim, 54, is back in the spotlight following his bid to use Rowsley to swallow a huge China solar power firm, but he will always be remembered in financial circles as the guy who made as much as $100 million in just six years as a remisier.

His clients included then Indonesian president Suharto's son, Bambang, and then Malaysian prime minister Mahathir Mohamad's son, Mokhzani.

Mr Lim called it quits in 1996 at the height of the bull run and retired from Kay Hian James Capel amid a messy divorce from his wife.

He is still retired - sort of. Deals still hold an allure for him, like the one involving his mainboard-listed Rowsley, which has a market capitalisation of around $145 million.

The company announced in May that it was going to gobble up the business of a solar cell manufacturer, China-based Perfect Field, for $2.7 billion - a deal that would be Singapore's largest-ever reverse takeover and one that has left some investors sceptical.

He is enthusiastic about the solar energy sector. 'There is no doubt there is global warming. Our island is going to disappear.'

'China has been criticised as being the world's biggest polluter. This sector can grow very fast. Look at Nasdaq: Companies in that sector are trading at 40 or 50 times earnings. Whoever is the first mover will have the advantage.'

Whether the Rowsley deal will score remains to be seen, but Mr Lim will have few worries, given his stellar investments.

One, a stake in fashion retailer FJ Benjamin, has grown from about $13 million to $60 million over five years.

But that is small change compared with the stake he took in 1991 in a firm founded by sugar king Robert Kuok's nephew Kuok Khoon Hong that eventually grew into palm oil giant Wilmar International.

Wilmar, which listed here last year, has a market value of $22.1 billion, making Mr Lim's stake of just under 5 per cent worth about $1 billion.

He admits that his vast return on an investment that was only in the region of US$10 million (S$15.1 million) is like 'a fairytale'.

'I can't say I invested in the right company, because at that time, there was only a vision. The potential palm oil plantations were just swamplands,' he said.

'It was at the Equatorial Hotel. I spent a few hours with (the younger) Mr Kuok. This man made me feel very inadequate. He had a vision, and could explain, step by step, how to attain this vision.'

But that 'quality face time' is in a nutshell how Mr Lim decides on all his investments.

'I must see his face. The person should be master of his trade, and should be honest.'

 

[felixleong]

HE HAS been known as the remisier king for years, but given his new-found zest for solar energy, perhaps Sun King ought to be Peter Lim's new title.

But that might not work either, given the vast fortune he has squeezed out of palm oil.

There is one thing you can bank on: Mr Lim is not getting his head turned by come-hither looks from the hot property sector; stocks are still his thing.

'I'm an equity person,' he told The Straits Times. 'With equities, you don't know how the story will end. But when the market turns, you can sell your shares and get out in three days. You don't need to know the buyer.'

Try that with bricks and mortar: 'With a house, you put it on the market, buyers come and criticise it, pay you a deposit, and three months later, don't even settle.'

While he counts some of the country's top property players among his friends, real estate development is just a matter of 'timing', he insists; the rest is up to architects and engineers.

Mr Lim, 54, is back in the spotlight following his bid to use Rowsley to swallow a huge China solar power firm, but he will always be remembered in financial circles as the guy who made as much as $100 million in just six years as a remisier.

His clients included then Indonesian president Suharto's son, Bambang, and then Malaysian prime minister Mahathir Mohamad's son, Mokhzani.

Mr Lim called it quits in 1996 at the height of the bull run and retired from Kay Hian James Capel amid a messy divorce from his wife.

He is still retired - sort of. Deals still hold an allure for him, like the one involving his mainboard-listed Rowsley, which has a market capitalisation of around $145 million.

The company announced in May that it was going to gobble up the business of a solar cell manufacturer, China-based Perfect Field, for $2.7 billion - a deal that would be Singapore's largest-ever reverse takeover and one that has left some investors sceptical.

He is enthusiastic about the solar energy sector. 'There is no doubt there is global warming. Our island is going to disappear.'

'China has been criticised as being the world's biggest polluter. This sector can grow very fast. Look at Nasdaq: Companies in that sector are trading at 40 or 50 times earnings. Whoever is the first mover will have the advantage.'

Whether the Rowsley deal will score remains to be seen, but Mr Lim will have few worries, given his stellar investments.

One, a stake in fashion retailer FJ Benjamin, has grown from about $13 million to $60 million over five years.

But that is small change compared with the stake he took in 1991 in a firm founded by sugar king Robert Kuok's nephew Kuok Khoon Hong that eventually grew into palm oil giant Wilmar International.

Wilmar, which listed here last year, has a market value of $22.1 billion, making Mr Lim's stake of just under 5 per cent worth about $1 billion.

He admits that his vast return on an investment that was only in the region of US$10 million (S$15.1 million) is like 'a fairytale'.

'I can't say I invested in the right company, because at that time, there was only a vision. The potential palm oil plantations were just swamplands,' he said.

'It was at the Equatorial Hotel. I spent a few hours with (the younger) Mr Kuok. This man made me feel very inadequate. He had a vision, and could explain, step by step, how to attain this vision.'

But that 'quality face time' is in a nutshell how Mr Lim decides on all his investments.

'I must see his face. The person should be master of his trade, and should be honest.'

wilmar, 10mil to 1bil, 100 bagger
respect max
salute

likes!!!

 

[Sinkie]

wilmar, 10mil to 1bil, 100 bagger
respect max
salute

likes!!!

yeah, he started his work as remiser when he is 36 years old, quit after 6 years? then invest in wilmar when he was 42?

 

[[[ForeverAlone]]]

it seem like ..have to trade full time
first course you need a Big funds to play

Of course you don't throw every single cents you have now into it.
which everyone knows...

I curious are those never trade US market..only just SGX...

usually how many " strong fundamental stocks " they own
and how many " non defense stocks " they own.

 

[felixleong]

yeah, he started his work as remiser when he is 36 years old, quit after 6 years? then invest in wilmar when he was 42?

yeah, actually he is my role model, i used to worship peter lim LOL

I last time joined stock brokering because he inspired me
however like u now in this industry, can see... really damn hard to make $$ haizzzz

read in newspaper now remisiers making 1k or so on average nia, really damn eat grass sia

so many people like me wanna be like peter lim, but the odds of becoming the next one.. so so so small

gg

 

[winorlose]

Dont mind me asking.. How young r u felix?

Im 31 tis yr..

Stock broking business alone nowadays difficult.. Most of the rich ones are those doing china ipos during 2005-2007 when china ipo fever.

My cimb remisier.. His 1 china stock portfolio alone worth 40mio sgd already.. Sinkie knows him too.

He take dividend from it alone already shake hands liao.

Where got need me to contribute to him..haha

 

[felixleong]

it seem like ..have to trade full time
first course you need a Big funds to play

Of course you don't throw every single cents you have now into it.
which everyone knows...

I curious are those never trade US market..only just SGX...

usually how many " strong fundamental stocks " they own
and how many " non defense stocks " they own.

ya to trade full time..kinda either need to have big funds or high returns

if u got 500k, 1 year make 10% return is about 50k or 4k+ a month which is not bad ... 10% is also quite realistic but some aggressive ones could aim 20% or higher

when I was younger I use to trade US/HK/SGX.. very tiring... I now old uncle liao, currently 100% on sgx only.. cause dividends no tax, better for buy&hold strategy

cheers

 

[winorlose]

Especially now with the crap bid system..not exciting as 2007.

Last time $5 share 1bid jump 5c.. $10 share jump 10c

Very easy to make $$$

 

[felixleong]

Especially now with the crap bid system..not exciting as 2007.

Last time $5 share 1bid jump 5c.. $10 share jump 10c

Very easy to make $$$

ya the current bid is like shxt

last time easier to trade, 1 bid can take profit liao

miss the good old days

then now sgx keep complaining low volume... make what stupid 100 shares per lot... don't think that will instantly solve the low volume problem

they should learn from HK exchange which is booming so well

 

[wahkao3]

Ya now tough times for remisiers, read newspaper they say remisiers earning 1k on average from commission only, really have to be successful in trading to generate extra income else really is eat grass

be employee like sinkie is the best
1 mth get 3k, more than remisers and no risks at all

 

[Sinkie]

be employee like sinkie is the best
1 mth get 3k, more than remisers and no risks at all

Wah, my pay not even so high leh, can u top up for me to 3k?

 

[wahkao3]

Wah, my pay not even so high leh, can u top up for me to 3k?

i still pleasant status
no capability to

 

[felixleong]

stock brokering.. never kanna chopping board very good liao leh

 

[wahkao3]

stock brokering.. never kanna chopping board very good liao leh

the industry so jia lat ah!?

 

[Sinkie]

stock brokering.. never kanna chopping board very good liao leh

Yeah, lucky still survive another year

 

[wahkao3]

Yeah, lucky still survive another year

what is your KPI?
sales?

cannot hit sales target how?
Need to provide action plan? Need to push clients for more orders?

 

[felixleong]

Yeah, lucky still survive another year

slowly endure, maybe focus more on the side ownself invest?
once big enough liao, can be your own boss hor? hehe