Read? Millionaire investor leaves nothing for own kids but uses wealth to help poor
In 1975, he sold his controlling stake in
Gamuda.
But it was on the stock market, 32 years ago,
that Koon began accumulating even more assets and wealth.
"In 1983 I had an serious heart angina.
Before my heart surgery in London, I gave all my assets to my wife and
children. After my heart operation I started to learn how to make money from
the stock market."
Up until then, he was an executive director
in Mudajaya/IJM but gave up his position and invested his time and money in
shares.
He started with only RM200,000 cash to dabble
around with and has made money to the tune of millions ever since.
Koon said his trick to mastering the market
is to be a "contrarian investor" – one who buys when everyone is
selling and who sells when everyone is buying.
And it is a lesson he wants to pass on to
others, as he regularly blogs about his investment tips.
"After having read several investment
books by famous gurus like Benjamin Graham, Warren Buffet, Peter Lynch, etc and
my 32 years of practical experience, I wish to share my knowledge with people
who are interested.
"I believe teaching people to make money
is like teaching people how to fish instead of giving them some fish."
His wish is the same no matter who he helps,
whether by giving investment tips or monetarily, that they too will help the
poor when they have made their money.
This applies to those who have benefitted
from his investment tips, the 300-odd students who have received scholarships,
and also the Penang state government, which received his RM50 million donation
for the USM hostels.
In 1975, he sold his controlling stake in Gamuda.
But it was on the stock market, 32 years ago, that Koon began accumulating even more assets and wealth.
"In 1983 I had an serious heart angina. Before my heart surgery in London, I gave all my assets to my wife and children. After my heart operation I started to learn how to make money from the stock market."
Up until then, he was an executive director in Mudajaya/IJM but gave up his position and invested his time and money in shares.
He started with only RM200,000 cash to dabble around with and has made money to the tune of millions ever since.
Koon said his trick to mastering the market is to be a "contrarian investor" – one who buys when everyone is selling and who sells when everyone is buying.
And it is a lesson he wants to pass on to others, as he regularly blogs about his investment tips.
"After having read several investment books by famous gurus like Benjamin Graham, Warren Buffet, Peter Lynch, etc and my 32 years of practical experience, I wish to share my knowledge with people who are interested.
"I believe teaching people to make money is like teaching people how to fish instead of giving them some fish."
His wish is the same no matter who he helps, whether by giving investment tips or monetarily, that they too will help the poor when they have made their money.
This applies to those who have benefitted from his investment tips, the 300-odd students who have received scholarships, and also the Penang state government, which received his RM50 million donation for the USM hostels.
- See more at: http://www.themalaysianinsider.com/malaysia/article/millionaire-investor-leaves-nothing-for-own-kids-but-uses-stock-market-spoi#sthash.EPC51Z2a.dpuf
But it was on the stock market, 32 years ago, that Koon began accumulating even more assets and wealth.
"In 1983 I had an serious heart angina. Before my heart surgery in London, I gave all my assets to my wife and children. After my heart operation I started to learn how to make money from the stock market."
Up until then, he was an executive director in Mudajaya/IJM but gave up his position and invested his time and money in shares.
He started with only RM200,000 cash to dabble around with and has made money to the tune of millions ever since.
Koon said his trick to mastering the market is to be a "contrarian investor" – one who buys when everyone is selling and who sells when everyone is buying.
And it is a lesson he wants to pass on to others, as he regularly blogs about his investment tips.
"After having read several investment books by famous gurus like Benjamin Graham, Warren Buffet, Peter Lynch, etc and my 32 years of practical experience, I wish to share my knowledge with people who are interested.
"I believe teaching people to make money is like teaching people how to fish instead of giving them some fish."
His wish is the same no matter who he helps, whether by giving investment tips or monetarily, that they too will help the poor when they have made their money.
This applies to those who have benefitted from his investment tips, the 300-odd students who have received scholarships, and also the Penang state government, which received his RM50 million donation for the USM hostels.
- See more at: http://www.themalaysianinsider.com/malaysia/article/millionaire-investor-leaves-nothing-for-own-kids-but-uses-stock-market-spoi#sthash.EPC51Z2a.dpuf
Published: 3 October 2015 10:59 AM | Updated: 3 October 2015 1:43 PM
- See more at:
http://www.themalaysianinsider.com/malaysia/article/millionaire-investor-leaves-nothing-for-own-kids-but-uses-stock-market-spoi#sthash.EPC51Z2a.dpuf
Published: 3 October 2015 10:59 AM | Updated: 3 October 2015 1:43 PM
- See more at:
http://www.themalaysianinsider.com/malaysia/article/millionaire-investor-leaves-nothing-for-own-kids-but-uses-stock-market-spoi#sthash.EPC51Z2a.dpuf
Posts
Most of us know but just that we CAN'T!
ReplyDeleteActually, most well to do children don't need too much money unless they are physically or intellectually disadvantaged.
ReplyDeleteKnow of some thrifty friends who gave $20k to $100k gift on their kids and it just vanished within weeks.