I have been exceptionally busy the past few weeks trying to finish my work, cook enough food for the kids, sort the house and garden to make it less demanding on the kids etc.
Today much as I am exhausted, I am also really happy. I doubled my investment(almost).. As the kids get older, I am very careful with my money..my expenses will be exponential in 4 years when I have all three of my kids in Uni.. I wanted to travel without feeling guilty of spending money that I should be keeping aside for the kids.. I thought and thought as to the best way to make some quick bucks.. I decided to invest in shares.
Now, my first lesson about share market was from one of the Jeffrey Archer’s books. He had written, you buy when everyone is selling and you sell when everyone is buying. I know people who lost their homes when the share market tanked in 1997…. but just for this time, I thought I would play the market.
I researched all the companies that have stocks less than 1$/share on ASX. It took me weeks to narrow it down to the few I felt happy about.
One was a Zinc mining company. If you are in Australia, then you would know our mining boom is very much over.. I was a bit weary about investing in mining industries.. but Zinc on the other hand has market value.. it is required for Pharmaceutical/Cosmetic industry.. I read every article available online about zinc mining and decided to invest in in a company called Red river resources 6 weeks ago. I bought their shares at 0.14 and today sold it for 0.25/share. I could have waited couple of more days till it reached 0.28 then it really would have perfectly doubled.. but I got a bit scared of being too greedy.. I sold enough shares that will pay for my trip to US/Canada..
Not bad eh..