Quotation on Wealth.

The best gift you can give to your parents is not to rely on them, the best gift your parents can give you is not to rely on you.
-I do not know who the author is but i nv forget this one...

(13-04-2014, 03:54 PM)Temperament Wrote: Quote:
"You only have to get rich once in life or with your investments. Afterwards it becomes a matter of capital preservation. That's why they stay wealthy!"

Unquote
Assuming it's the truth, but how to get rich first?
Then how to stay wealthy by capital preservation?

First stay focus to get rich. eg. Focus in only a few stocks, just need to hit one multi-bagger..... basically, "Kiasu and chiong"

Then diversify to remain rich. eg, start spreading out your investment across different asset classes out to protect against any downside.....basically "Kiasi and don't anyhow chiong"

It is only when the rich are sick that they fully feel the impotence of wealth.

- Benjamin Franklin

(14-04-2014, 01:04 PM)sgd Wrote: It is only when the rich are sick that they fully feel the impotence of wealth.

- Benjamin Franklin

In China or Indonesia, the impotence of wealth is shown when you are asked for a bribe. Thats why the rich loves Singapore. Wealth loves law and order.

No one can escape the impotence of wealth no matter how rich you are.

Even KING SOLOMON said,
"Vanity of vanities in this world, vanity of vanities; all that I and my father David have laboured for, all is vanity!''
And
""Surely everyone goes around like a mere phantom; in vain they rush about, heaping up wealth without knowing whose it will finally be"

So do remember your spiritual aspects of life.
Less you think you don't have a spirit.
Shalom

(14-04-2014, 02:21 PM)Temperament Wrote: No one can escape the impotence of wealth no matter how rich you are.

Even KING SOLOMON said,
"Vanity of vanities in this world, vanity of vanities; all that I and my father David have laboured for, all is vanity!''
And
""Surely everyone goes around like a mere phantom; in vain they rush about, heaping up wealth without knowing whose it will finally be"

So do remember your spiritual aspects of life.
Less you think you don't have a spirit.
Shalom

no lah, impotence - refers to ineffective

the quote means if you of poor health how much your money also cannot buy you back your good health thats why they say health is true wealth.

But wealth doesn't give good health, those with money usually give in to temptation and vices live with excess because they can afford to do so, in their youth eat too much good food, drink too much and play too hard when they reach old age all the years of accumulated excess show up as problems - diabetes, cancer

while lying on the sick bed what can wealth do?

(14-04-2014, 02:58 PM)sgd Wrote:

(14-04-2014, 02:21 PM)Temperament Wrote: No one can escape the impotence of wealth no matter how rich you are.

Even KING SOLOMON said,
"Vanity of vanities in this world, vanity of vanities; all that I and my father David have laboured for, all is vanity!''
And
""Surely everyone goes around like a mere phantom; in vain they rush about, heaping up wealth without knowing whose it will finally be"

So do remember your spiritual aspects of life.
Less you think you don't have a spirit.
Shalom

no lah, impotence - refers to ineffective

the quote means if you of poor health how much your money also cannot buy you back your good health thats why they say health is true wealth.

But wealth doesn't give good health, those with money usually give in to temptation and vices live with excess because they can afford to do so, in their youth eat too much good food, drink too much and play too hard when they reach old age all the years of accumulated excess show up as problems - diabetes, cancer

while lying on the sick bed what can wealth do?

Ya lol, almost all of us think with wealth, we can have anything we want. Wealth is all powerful until we are drawing our last breath then we realised all the wealth we have accumulated is no use to us now.

(14-04-2014, 03:10 PM)Temperament Wrote:

(14-04-2014, 02:58 PM)sgd Wrote:

(14-04-2014, 02:21 PM)Temperament Wrote: No one can escape the impotence of wealth no matter how rich you are.

Even KING SOLOMON said,
"Vanity of vanities in this world, vanity of vanities; all that I and my father David have laboured for, all is vanity!''
And
""Surely everyone goes around like a mere phantom; in vain they rush about, heaping up wealth without knowing whose it will finally be"

So do remember your spiritual aspects of life.
Less you think you don't have a spirit.
Shalom

no lah, impotence - refers to ineffective

the quote means if you of poor health how much your money also cannot buy you back your good health thats why they say health is true wealth.

But wealth doesn't give good health, those with money usually give in to temptation and vices live with excess because they can afford to do so, in their youth eat too much good food, drink too much and play too hard when they reach old age all the years of accumulated excess show up as problems - diabetes, cancer

while lying on the sick bed what can wealth do?

Ya lol, almost all of us think with wealth, we can have anything we want. Wealth is all powerful until we are drawing our last breath then we realised all the wealth we have accumulated is no use to us now.

thats why quitting while you are ahead is different from quitting...

(14-04-2014, 03:49 PM)opmi Wrote:

(14-04-2014, 03:10 PM)Temperament Wrote:

(14-04-2014, 02:58 PM)sgd Wrote:

(14-04-2014, 02:21 PM)Temperament Wrote: No one can escape the impotence of wealth no matter how rich you are.

Even KING SOLOMON said,
"Vanity of vanities in this world, vanity of vanities; all that I and my father David have laboured for, all is vanity!''
And
""Surely everyone goes around like a mere phantom; in vain they rush about, heaping up wealth without knowing whose it will finally be"

So do remember your spiritual aspects of life.
Less you think you don't have a spirit.
Shalom

no lah, impotence - refers to ineffective

the quote means if you of poor health how much your money also cannot buy you back your good health thats why they say health is true wealth.

But wealth doesn't give good health, those with money usually give in to temptation and vices live with excess because they can afford to do so, in their youth eat too much good food, drink too much and play too hard when they reach old age all the years of accumulated excess show up as problems - diabetes, cancer

while lying on the sick bed what can wealth do?

Ya lol, almost all of us think with wealth, we can have anything we want. Wealth is all powerful until we are drawing our last breath then we realised all the wealth we have accumulated is no use to us now.

thats why quitting while you are ahead is different from quitting...

Alas, at my age, i still find i can not quit leh. i wish i can. Actually i can if i lower down my normal living standard to 50 %. Or i go and live in "TIMBUKTOO". Or i know when is my last breath.
Assuming, i can know or do any one of what i say above, what about the people around me?
Besides if i can quit the market, how to find a new replacement to stimulate my mind? Proud Mary? No lah, no joke. Maybe cocaine? i like the song COCAINE by Eric Clapton. Song only Hoh!

(13-04-2014, 09:17 PM)blackvice Wrote: "The first wealth is health." -Ralph Waldo Emerson

Love Compassion