The organising committee always emphasize the above statement. True enough, investment is something you do everytime, from deciding what to eat, which pair of shoes to buy or even which job you want to land on. Investment is about how you use your resources to get benefit in a period of time. More complicated investments would be involving stocks, properties, commodities and FOREX. These are the things I have limited knowledge about but would like to explore further in the future.
So when a friend of mine from UM, Yahya invited me to join him in IVIC organised by UMAC, I agreed. After all, this is one of the few things I can do while I'm still a student. The event was well organized. Kudos to the OCs of IVIC.
Basically the event involves the participants to play the role as a fund manager in our own investment company to invest in stock, currency, commodities and real property market with a capital given of IVD3 million. The whole challenge were divided into 2 stage (Stage 1-4 rounds and Stage 2- 3 rounds) with each round (30 minutes) equals to 1 financial year. Newspapers will be provided in beginning of each round and news broadcasts will be screen sometimes. Market price will change every half of financial year, therefore every transactions have to be made in 15 minutes before situation changes.
Every seconds can change every decisions you made.
I didn't really know about investment so most decision making were made by my other team members. I were more involved in preparing cheque book and updating our bank book. Nevertheless, I experienced what the usual investors experience-ganjeong-ness. For example, there was the time when we decided to focus on China properties, by buying 2 properties in China, when a news broadcast on China disastrous earthquake as when I was preparing a cheque for the transaction. It was like a horror to all investors in the hall, like this:
Photo credit to IVIC fanpage.
My team didn't win that day. Guess lady luck was not on our side. We focused on commodities (gold) but eventually they dropped in the last few crucial round.
A talk by NOESIS on Charted Financial Analyst (CFA) programme.
I did enjoyed very much on last Saturday. I'm glad I did not turn down Yahya's offer. I couldn't say I learned a lot from this event but it'll be a good start off from here. By the way, we didn't go home empty handedly. NOESIS provided us with a 40% scholarship for CFA/CIMA/CIM/CIPD course upon graduation. Thanks team The Intelligent Investors for the awesome time. =)
Team The Intelligent Investors
Me, Yahya and Garrick.
Another collection while I can being a student.
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