What Does Money Mean To You?
 (31-07-2012, 09:03 AM)yeokiwi Wrote:(31-07-2012, 08:45 AM)etan Wrote: Money is the root of all evils! Ahaha! I don't have that much money lah! If I do have, I think preference is given to some relatives who are oready in long Q! My money is sweat money, no overflow. Serious, how to make my money grow faster? 
31-07-2012, 09:37 AM
(31-07-2012, 09:12 AM)etan Wrote:(31-07-2012, 09:03 AM)yeokiwi Wrote:(31-07-2012, 08:45 AM)etan Wrote: Money is the root of all evils! yeokiwi, etan is just being diplomatic. The truth is, etan doesn't want to transfer this burden of 'evil' to you. It'd be just too cruel...  (31-07-2012, 09:27 AM)Musicwhiz Wrote:(31-07-2012, 09:12 AM)etan Wrote: Serious, how to make my money grow faster? Ya, slow and steady wins the race. Give it time to grow and compound. At a certain point when it'd grown to a certain size, you begin to understand what's meant by 'Compounding is the 8th Wonders of the World'.... 
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------
31-07-2012, 09:48 AM
Quote:yeokiwi, Come on, I am just trying my luck The risk is low, the amount of effort is miniscule, the return is very high but the probability of it happening is below sea level.haha.. So, that basically sums up my investment approach.
31-07-2012, 09:49 AM
Etan,
Money means nothing if we have no clue what to do with it. That's no different from collecting zeros and giggling silly when we read our bank statements. But it means everything if we have a purpose. I like Salty's succinct and to the point comment: "More money means i can play golf everyday" I couldn't have said it better! How to grow money faster? OPT and OPM. Time tested since biblical times 
Just google singapore man of leisure
(31-07-2012, 09:37 AM)KopiKat Wrote:(31-07-2012, 09:12 AM)etan Wrote:(31-07-2012, 09:03 AM)yeokiwi Wrote:(31-07-2012, 08:45 AM)etan Wrote: Money is the root of all evils! I think I am in the 'sandwich' class. I am about there - in the 1st mil. But apparently, it appears to be a little too little. To be in comfortable zone, I think need to have 3 - 5 mil cash. Like most people here, I am also waiting for the BIG CRASH (if there is any to come). I am thinking - is there some kind of insurance that I can buy so that when I go heaven one day, the lump sum I put in today will increase quite alot? I mean this money is meant for grand children education use. 
31-07-2012, 10:06 AM
(31-07-2012, 09:03 AM)yeokiwi Wrote:(31-07-2012, 08:45 AM)etan Wrote: Money is the root of all evils! Seriously, "money is the root of all evils" is misinterpretation or misquotation from the BIBLE. Money never is the root of all evils. The LOVE of MONEY is the root of all evil. Please check yourself.
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. 
31-07-2012, 10:24 AM
(31-07-2012, 10:04 AM)etan Wrote: Like most people here, I am also waiting for the BIG CRASH (if there is any to come). If I could be a little frank - my view is too many people wait for the big CRASH, and this usually only occurs once in many years, so in the meantime if you wait with cash on the sidelines you'll see it get eroded by inflation, and you'd also miss out on other investment opportunities. My suggestion would be to look for reasonable valuations in excellent companies, and invest the money slowly + steadily. In that way, you can get dividends and reinvest along the way, all the while beating inflation. Call it the slow/steady way to wealth. Rome was not built in a day.
My Value Investing Blog: http://sgmusicwhiz.blogspot.com/
31-07-2012, 10:44 AM
(31-07-2012, 10:04 AM)etan Wrote: I think I am in the 'sandwich' class. I am about there - in the 1st mil. Money always no enough one. There's always inflation + inflation of expectations... Quote:Like most people here, I am also waiting for the BIG CRASH (if there is any to come). If you don't continuously 'oil' your engine, if and when the BIG CRASH do come along, very likely you'd be too 'rusty' to be able to make critical decisions that'd give you any meaningful impact to your wealth.. Talking about myself only... Quote:I am thinking - is there some kind of insurance that I can buy so that when I go heaven one day, the lump sum I put in today will increase quite alot? I mean this money is meant for grand children education use. As you'd enjoyed the joys of being a parent, isn't it only fair that you allow your grandchildren's parents to have the same enjoyment....? I think it's time for you to sit back and relax, occasionally providing some advice when asked for, and to explore things you'd always wanted to do but never could find the time nor money... 
Luck & Fortune Favours those who are Prepared & Decisive when Opportunity Knocks
------------ 知己知彼 ，百战不殆 ；不知彼 ，不知己 ，每战必殆 ------------ 
31-07-2012, 10:44 AM
(31-07-2012, 10:24 AM)Musicwhiz Wrote: My suggestion would be to look for reasonable valuations in excellent companies, and invest the money slowly + steadily. To add on to what MW has already said, and usually it's the valuation part (if you get it right) that will tell you if Mr Market is telling you to stay away. Buffett liquidated his partnership in 1969 when market levels were high. I think when you have a small base, it's important to protect that base so that you can grow it many fold in future. |
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