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(05-06-2013, 05:25 PM)brattzz Wrote: Many invest for the wrong reasons...many however invest for unknown reasons?!
So, what is/are your reason for investing?
Name 3 top reasons to justify why you invest?
1) GREED?
2) TO BEAT the market!
3) Just for fun!!
Tell! 
i tell you why in my case which i have shared before here or in some other forum. i observe whenever the market crashes, my job may be at stake. You will hear a lot of news about job retrenchment. i feel really insecure at this particular time.
And when ever the Market reaches new high, you hear so many people making money. It seems so easy that uncles and aunties, taxi drivers, hawkers and Ah Tees, all talking about easy money.
So i am intrigued. i say to myself i also must learn about the Market lol. i ask myself why i must be at the "mercy" of the market's B & B
behaviour? So though i have only a ITE basic education, i soak myself in the world of stock investing; they say if you soak yourself long enough more or less you will absorb "something". So one soak is already 25 to 26 years. The funny thing is after soaking so long you just can not stop anymore.
Shalom!
Amen.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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from my personal experience,
its hardest to go from 10k to 100k, once you get that 100k, its easier to make 1M.
With one still holding on to a fulltime job with the right investment strategies and living fugally, I think 1M is very easily achieveable by 40yr, cos by then one would have already worked a good 15-20years anyway.
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(05-06-2013, 08:00 PM)paullow Wrote: from my personal experience,
its hardest to go from 10k to 100k, once you get that 100k, its easier to make 1M.
With one still holding on to a fulltime job with the right investment strategies and living fugally, I think 1M is very easily achieveable by 40yr, cos by then one would have already worked a good 15-20years anyway. Ha! Ha!
How i wish i am what you said above. i only have the guts to start soaking at the age of 40. But i am really surprised many people started even later than me.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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0
I invest so that my wife can one day stay at home with me to take care of the kids. Doing it alone is very tiring.
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its good to start early if it is possible.
you might not have a lot of cash to invest. which means you can't lose a lot anyway.
but you have a lot of time. and time is the important factor for money to compound itself.
for those people who are older, their objectives and risk appetites may differ, along with the fact that they are usually not alone, with young and old to support.
.
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I read somewhere before that there's only 300,000 active CDP accounts
you will be surprise how few people invest in stocks for the long term
many singaporeans with CDP accounts like to play contra
the good thing about this forum is the gathering of rare breeds like us
and yeah I do agree that going from 10k to 100k is the hardest part
after 100k one understands how to grow his wealth and its only a matter of time before one hits his first mil
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05-06-2013, 08:30 PM
(This post was last modified: 05-06-2013, 08:31 PM by Temperament.)
(05-06-2013, 08:22 PM)Penguin Papa Wrote: I invest so that my wife can one day stay at home with me to take care of the kids. Doing it alone is very tiring. Please keep it up and wish you success. i started to do what you do when i was at the age of 53 after 10 years of investing. Before that i was a technician with "multiple skills" because i believe in never want to stop learning. So as in investment you can never say you know everything already. i have only 1 son.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 1,039
Threads: 14
Joined: Dec 2012
Temperament just curious, may I know how old are you now?
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(05-06-2013, 08:40 PM)felixleong Wrote: Temperament just curious, may I know how old are you now? Ha! Ha!
Of course you are new. Many "old timers" know i am 65+ already.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
Posts: 1,039
Threads: 14
Joined: Dec 2012
wahhhh you are like over twice my age
super senior value buddy ah, respect! respect!
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