Sunday Times August 7 2011
by Lorna Tan
Hong Kong born Chan Heng Fai, who is the executive chairman of property firm SingXpress.
He once lost his wealth in stock trading and accumulated a debt of HK$10 million, but preserved to perfect his skills. He joined Wing Full Security as a remisier and cleared his debt in about eight years.
He is an aggressive investor. He target 20 per cent returns a year on his capital and have generally achieved that since the 1980s. For his personal investments, he is more of a trader than a long-term investor.
His No 1 rule of thumb is not to listen to others, but to believe in his own gut feeling.
His advice to retail investors is to really go long-term and choose the best fundamental stocks that pays lots of dividends and sit on it. About 95 per cent of traders lose money, so don't try to be short-term traders.
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