I started investing after I graduated from NUS in June 1999.  I do not have any knowledge on investment but still went ahead to purchase GE insurance-investment plan.  This was followed by a purchase of UOB unit trusts, the highly popular Telecom unit trust which had appreciated 60% from its launch.  This was followed by another UOB unit trust Euro S.C since it was just launched and its prospect seems attractive from the promotional pamphlet.  These two UOB unit trusts turned out to be disastrous; I could not remember when I cut my loss but it’s a $2000 lesson and I was at a loss and blame it on my luck.  Yes, I am more of speculating than investing.