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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?
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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"Behind every fortune, there is a crime"
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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(13-04-2014, 03:55 PM)opmi Wrote: "Behind every fortune, there is a crime"
Wow! Powderful (i mean powerful QTE.)
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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(13-04-2014, 03:55 PM)opmi Wrote: "Behind every fortune, there is a crime"
The quote implies all fortunes involve a crime, which include Mr. Warren Buffett's fortune.
That makes me disagree with the quote.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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"I would rather earn 1% off a 100 people's efforts than 100% of my own efforts."
John D Rockefeller
My Dividend Investing Blog
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"The first wealth is health." -Ralph Waldo Emerson
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"The key to prosperity is the ability to survive the next downturn" - Yue-Kong Pao
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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and survive the next, and the next......next...next.....
The aim is to run out of life before money.
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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2
Compound interest is the eighth wonder of the world. He who understands it, earns from it. He who doesn't, pays it. -- Albert Einstein.
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Those who do not remember the past are condemned to repeat it.
- George Santayana
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