Me & My Money
How getting burned by penny stocks in uni taught Maybank managing director to invest prudently
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Chong Wee Yeat, managing director at Maybank Singapore, says his penny stock-investing days in university taught him valuable lessons.
ST PHOTO: CHONG JUN LIANG
- Chong Wee Yeat's early losses in penny stocks at university taught him to prioritise stable, dividend-paying stocks and long-term investing over chasing quick gains.
- His experiences during global crises like Sept 11 and SARS shaped his view on market fragility and the importance of resilience and sustainable growth.
- Chong values capital protection and steady growth today, invests in real estate and self-improvement, and regrets over-insuring as a financial mistake.
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SINGAPORE – Chong Wee Yeat has had a storied, global career spanning momentous eras like the Sept 11, 2001, terrorist attacks and the 2003 severe acute respiratory syndrome outbreak.
