His top investing tips
IF YOU FAIL, TRY AGAIN
"Work hard and be persistent. Do not give up. Losing money is part of the game, and you need to manage it," says investment coach and financial blogger Kenny Loh, 45.
FIRST, INVEST IN KNOWLEDGE
"I am lucky because I made the right first move - I went back to basics with the courses that I attended. It is (about) building your foundation. Once I have the basics, in the future if I want to trade anything, I am able to do so because I have the foundation," says Mr Loh.
DON'T COPY BLINDLY
Different approaches are required for investing in stocks in different markets as they have different characteristics. For example, the valuation and analysing method for OCBC Bank or Apple Inc stocks are different.
DON'T LISTEN BLINDLY
"No one can predict the market. I trust my own homework and analysis."
He recounted an example where a financial adviser predicted that the market would go even lower - even though his own analysis showed that it was a good time to enter.
"If at that time I didn't listen to him, my portfolio would have doubled."
PICK A PATH, STICK TO IT
"Sometimes our education is like a stock chart. The more you learn, the more confused you are. So you have to be very clear about which approach you are taking."
He gives the example of how some beginners attend course after course to find the Holy Grail.
"Sometimes, the more courses they attend, the more confused they become," he adds.
YOU WON'T GET RICH OVERNIGHT
"Give yourself at least three years to learn and devise a system that suits your personality and risk appetite.
"I was working full-time and needed to find what would suit me. As I learnt more, I picked one that suited my personality and time."
NO RIGHT OR WRONG WAY
"You can still make money even if you are wrong. You can still lose money even if you are right.
"It is not important whether you are right or wrong. What is important is whether you are making money."
CONTROL YOUR LOSSES
"You cannot control how much the market gives you, but you can control how much you lose."