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09-11-2011, 01:24 PM
The way we handle money/material are also depend on quite a lot on our "DNA". In every family among the siblings, some seems to save and invest quite naturally. Some cannot understand what is delay gratification. i am sure everyone of us have witnessed this type of differences among siblings. So how much is due to nurture? How much is due to nature? i am very interested about business whether passive or active, so i schooled myself all the way until today. So is it because of my nature that i seek to nurture myself?
Vice versa is definitely so much more difficult. Even if possible the result may be mediocre for some people just not interested in investment.
So how you handle your money is also partly(or mainly) due to your DNA. i don't think nurture in this case can do very much if your DNA don't want to co-operate.
Vice versa is definitely so much more difficult. Even if possible the result may be mediocre for some people just not interested in investment.
So how you handle your money is also partly(or mainly) due to your DNA. i don't think nurture in this case can do very much if your DNA don't want to co-operate.
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.
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.