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First-hand lessons

Worst and best bets

Q: What has been your worst investment to date?

My worst was $1,000 put into a technology fund unit trust in 2000. A banker friend recommended it to me. At its worst, it was worth only $300.

It is still on my portfolio and is worth about $700 now.

Q: And your best?

I do some trading in US equities whenever I spot opportunities. Mainly I buy blue-chip stocks that are at a discount.

I bought $100,000 worth of BP's shares after it had its oil rig explosion two years ago. I sold them for $150,000.

http://www.straitstimes.com/premium/invest/story/first-hand-lessons-20121111

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