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30-12-2015, 12:56 PM
http://www.marketwatch.com/story/6-facto...2015-03-14
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Long-term focus: Seemingly every study ever done of wealthy Americans says they are focused on the long-term and making their money grow over time, rather than worrying mostly about what is happening to their money right now. Short-term moves mostly are made because they feel good in the moment, but long-term focus is essential to achieve savings growth over a lifetime.
Investing style: The emerging affluent invest aggressively, which means taking on riskier investments with the promise of bigger long-term payoffs, and they tend to be hands-on investors, making their own decisions. If it “takes money to make money,” for most people that means putting at least some of their money into strategies focused on payoffs sufficient enough to reach their long-term goals.
NB - Unquote:-
Never dare to dream or think off as we were just average paid workers.
We(i) just think of no debts(especially my wife), spend below our means, and invest, invest in SGX. or anything that can make money.
Then suddenly, hey it has become my lifetime "hobby"(habits) - that is anything that can invest to make money.
Of course, must continue to spend below our means. (But our target mean keep shifting higher without control.)
But as retirees, we find it much more difficult because we have too much time to spend.
Too much time to spend means what?
It means more time to spend money lol!
So retirees usually spend more for the first few years compare to when they are working is quite true for most people.
And no, no, no debt as usual.
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Long-term focus: Seemingly every study ever done of wealthy Americans says they are focused on the long-term and making their money grow over time, rather than worrying mostly about what is happening to their money right now. Short-term moves mostly are made because they feel good in the moment, but long-term focus is essential to achieve savings growth over a lifetime.
Investing style: The emerging affluent invest aggressively, which means taking on riskier investments with the promise of bigger long-term payoffs, and they tend to be hands-on investors, making their own decisions. If it “takes money to make money,” for most people that means putting at least some of their money into strategies focused on payoffs sufficient enough to reach their long-term goals.
NB - Unquote:-
Never dare to dream or think off as we were just average paid workers.
We(i) just think of no debts(especially my wife), spend below our means, and invest, invest in SGX. or anything that can make money.
Then suddenly, hey it has become my lifetime "hobby"(habits) - that is anything that can invest to make money.
Of course, must continue to spend below our means. (But our target mean keep shifting higher without control.)
But as retirees, we find it much more difficult because we have too much time to spend.
Too much time to spend means what?
It means more time to spend money lol!
So retirees usually spend more for the first few years compare to when they are working is quite true for most people.
And no, no, no debt as usual.
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.
