Lo started investing in the stock market in 1989. Success didn't immediately come to him, and he was stuck on not making any profit for four years. Moreover, the stocks he purchased suffered a loss. Until finally, he was able to start making profits in 1992.
Lo Kheng Hong tirelessly encourages young people to invest in the stock market. At the same time, he never hesitates to share tips for success with whoever is interested. Here are some of the tips that he shared during the dinner event.
First, regularly read financial statements. This step is essential for any investor and traders, as this step enables them to know more about profits, capital, debts, and more.
Then, find a stock with a stable industry. Once you have found the right industry, sort out the companies. Find the one that has a low price to book value, but possesses a great asset with small debts. Also, never forget to find a company that profits. Lo is never interested in companies that constantly suffer from loss.
A company leader with a good track record is also as important. Find companies which board of directors and commissioners worked with integrity and honesty while maintaining good performance.
Last but not least, be patient. Lo has repeatedly reminded investors that there is no good result that happens instantly. Investing requires time. (*)