WANG of Changsha, home to renowned Hunanese cuisine, turned 110,000
yuan into nearly 2.2 million yuan in few short years by primarily
clinging to one stock. Investor
Wang definitely got in on the ground floor with Sany's share price in
2003. The stock is now about half the value it achieved at its peak in
2010. Source: Yahoo Finance
got in on the ground floor with Sany, so to speak, buying in at around
just under two yuan per share in late 2003, shortly after the firm
launched its IPO.
When Wang decided to quit while he was ahead – way
ahead – Sany shares were flirting with historical highs of 23 yuan and
the savvy investor’s original capital had surged from 110,000 to nearly
2.2 million in 2011.
Wang's success just goes to show us that sometimes it’s not so much the company you keep, but can be just as much about timing and picking the right sector.
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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