The Birth Of The Growth Hunter

Hi! Today marks the birth of The Growth Hunter where I aim to educate people on finance and investments. I will also share the various strategies and mindset on how I grew my portfolio from a meagre sum to a 6 digit portfolio.

As a first post, I will like to share a little story about myself.

"Every Master Was Once A Disaster - T. Harv Eker"

Credits:Quotefancy

The investment path wasn't one that I had dreamt of since I was young. In fact, it came to me abruptly like I was forced to take the driver's seat and drive a car without any proper training and qualification.

It all happened when I was in my 2nd year of obtaining an Engineering degree in Nanyang Technological University (NTU).

You see, my Dad was the breadwinner of the family. He excelled at work, having good technical skills and awesome customer relations with his clients which resulted in them always specifically requesting for him to attend to them.

However, he knew nuts about investing.

On the other hand, my Mum was a housewife. One that took care of the household chores, family financials and investment portfolio.

Thinking back, I vaguely remember that she would always turn on the television and use Teletext to watch the fluctuations of stock when I was a kid and teenager. I never knew what those numbers meant.

Our family also invested in properties both locally and overseas and they were hunted by the housewife, my Mum (of course).

On a random day, I received a call from my Dad with shocking news that my Mum was diagnosed with pancreatic cancer, the most aggressive cancer in history. One that would have general symptoms like normal stomachaches and usually detected only when it has moved on to its later stage.

From the point of diagnosis to the point she was called to heaven, we only had a short span of 5 months.

During that 5 months, I stood by my Mum and learnt how to write cheques to make payments for bills/loans and where our finances are located.

But what I did not learn about was money management and how to manage the investment portfolios and properties. Neither was my Dad familiar. Hence, the stocks portfolio was left unattended.

Moving on to Year 3, a friend came up to me and said "Hey my Uncle who is a stock broker said that with the current oil crisis, Sembcorp Marine is trading at a cheap valuation and that we could purchase it."

During that period, I have heard of oil traders or employees in the oil and gas industry getting fat bonuses of 6 months or more and thought it would be a great opportunity to purchase it at a discounted price. Anyway, Sembcorp is a Singapore Blue Chip too!

And so with the savings that I had, I bought Sembcorp Marine at $4. Within a month, the stock went to $4.40, up 10% from when I bought it. I was elated! I bought more Sembcorp Marine at $4.40.

Like most might expect what would be coming, the stock dropped drastically! I watched it drop from $4.40 to $4 ->$3.50 -> $3 -> $2.5 - > $2 - > $1.80.

It was mentally exhausting and I was mentally beating myself up. Questions like "How could a Blue Chip stock from Singapore drop so much?" , "What am I going to do now?", "Will it go back up?"

Those were questions I had. But enlightenment came when I was attending a class "Money 101" in Year 4. The lecturer was a part-time lecturer, full-time trader.

When he was covering the lesson topic on stocks, he was teaching a concept "Do not catch a falling knife" and COINCIDENTALLY he covered about Sembcorp Marine!

He commented about how people were foolishly buying Sembcorp Marine on the downtrend and how these investors were foolish and feeling the heat. Sitting in the class, I could totally relate to what he was saying because I was one of those in the foolish group.

However, I did not resent the lecturer. In fact, I was grateful to him for highlighting the point and waking me up from my idealistic fantasy. I exited the positions at $1.80 in 2016.

(It is $0.73 as of today.)

From then on, it was a continuous journey of learning and personal growth.

I watched videos, read books (HATED books previously) and sought for mentors to mould me into an investor with a winning mindset and strategy.

Along the way, I continued to make mistakes, but I picked myself up and went at it again and again. The result now: A Consistently Profitable Investor.

This story is to share with you that every single one of us wasn't born gifted at something.

All in all, remember that the ones who made it, like me, all started out from Ground Zero and became GREAT by: (1) TAKING ACTION, (2) LEARNING from MISTAKES, and (3) SEEKING SUCCESS.

Start Taking Action Now!