Showing posts with label fortune. Show all posts
Showing posts with label fortune. Show all posts

Advice Uncalled-For

Four decades ago, I bought some shares of a foreign-listed bank for RM3.75 (USD1.25). I planned to keep them permanently for years and hopefully see them accumulate bonus issues and increase in price. Those were the only shares I had in any stock exchange.

True to my prediction, the shares accumulated free shares annually and increased in price. I had a sizeable number of them after a few years. I had no intention of selling them at all but to keep them as nest egg for my old age.

However, when the price of the share had risen to RM30.00 (USD10), someone who knew I had them kept on pestering me to sell them. I refused initially but relented due to the persistently uncalled-for advice. I sold the shares and received RM250K (more than USD80K) for them. I came to regret that action of selling the shares very much as their price rose to RM200.00 (more than USD60) within the next few months!

With the money I got from the sale of the shares, I ventured into the local stock exchange. Being greenly new at buying shares, I naively listened to a few so-called “experts” and bought some speculative shares. I got terribly burnt when the market tumbled. The prices of the shares became less than the price of the papers they were on. They have not recovered after all these years.

The price of those particular bank shares, which I had planned to keep permanently, is now USD53 (RM 159). I would have accumulated a very great number of them due to the free shares given annually to share-holders, too, had I not sold them. I would now be a “small-time” millionaire! But I am not, no thanks to that busybody who had pestered me to sell the shares very much earlier!

ltbs


Not even a collapsing world looks dark to a man who is about to make his fortune.
E B White

A Lousy Tenant Made Good

As I was crossing a junction at a busy street, I heard someone hailing me, "Hey, Cikgu (teacher)!" from a car at the junction.

I stopped, looked back and walked to the car  -  a brand new, black Mercedes. The driver had wound down the glass of the window and I was surprised to find that the man was a one-time tenant of a low-cost house I used to own.

He was the one who I had great difficulty in collecting rent from. The rent was only RM200 (approximately USD 60) per month but he would make feel like a beggar every time I came for the rent. Most times I would come home empty-handed as he would pay me a month and then defaulted on the next two or three months.

Finally, he vacated the house but owing me a great number of months in rent. I had not met him again until that day he hailed me.

I could see that he had made good. He had also a jewel-bedecked lady, presumably his second wife, sitting beside him. Wealth must have allowed him to marry her.

We could only say 'hello' as it was soon clear of traffic for him to drive into the busy street. How I wish we could talk longer and I could find out how to seek him out later for the rent he owed me.

ltbs

There is only one class in the community that thinks about money than the rich, and that is the poor. The poor can think of nothing else.
Oscar Wilde

A Little Something for Christmas

I usually find the Christmas season very depressing indeed, as it always evokes memories of the times when I was traumatized by certain unfortunate events at different Christmases.

But the Good Lord always comes to my aid whenever I feel horribly low. He did it, again, one Christmas. He got a former student to uplift my spirits... tremendously high indeed!

That student sent me a Christmas card and enclosed, in her own words, "a little something for you for Christmas ". That “little something” came up to 1500 English pounds! It was HUGE, indeed to me when converted to my home currency! It meant a lot to me as I was not drawing a pension nor did I have any EPF left, either.


ltbs


God comes at last when we think he is farthest off.
James Howell