math_of_money
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New to investing
01-12-2017, 12:07 PM,
Post: #31
RE: New to investing
(30-11-2017, 05:59 PM)Temperament Wrote: The background of the messenger may be important (in fact we may often erred because of the high esteem we give to the messenger - think of Bernie Madoff), but actually the message is the most important.

i like to think we can learn something from "The Bad, The Good & The Ugly" or Tom, Dick or Harry if we only listen with the heart.

Besides most of the time, in theory, there is no difference from practice, in practice there is difference.

Have U tried what he said?

And don't ask me, because your result may be different though we may have tried what he said.

So i think it's more important paying attention to what he says rather than who says it - any way as a DIY investor i shall always try to remember that (try to remember all the cognitive bias i have if possible).

Hi Temperament

This is only true if we have unlimited time. Otherwise we have to be selective. Which is why I only read VB daily and not other forums Smile
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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01-12-2017, 03:26 PM,
Post: #32
RE: New to investing
Hi specuvestor,

Ha. Ha.

Agree for some people have just too much things on their hands, they have to be selective to very selective  because of time.

For people like me, a RTS@70, we just have too much time.

We can afford to read anything from anyone then think about it or have we done it before?

Otherwise we waste our time staring at the TV's screen.

Which may speed us towards Dementia in double time.

YMMV.
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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02-12-2017, 12:04 AM,
Post: #33
Rainbow  时间不够Not enough time tidak cukup waktu போதுமான நேரம் இல்லை
for me, time is always not enough.

so many good things that we can and need to do.

so little time.




For a starts, reading more and more is very interesting.

After a while, reading junk is really waste of time.

For a young investors, you might not be able to differential junk from GEM   Heart

You have no choice but to plough thru tons and tons of reading materials in order to be savvy.

My questions to you is:
Is it really true?
Do you really need to spend (waste) your time in reading junks so that you can tell that they are junk?

What if there is a way to zoom into the GEM easily?
What if you can spend most of your time analysing these GEM? (instead of analysing Junks)?
Do you still feel that you'll need to spend a lot of time analysing why a Junk is a junk?
Or you prefers to learn how to identify a multi-baggers?



[Image: 1upI2Sz.png]

感恩

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02-12-2017, 02:52 PM,
Post: #34
RE: New to investing
For any subject under the Sun, if U pursue reading all available books, articles, etc...

Then u will find a lot of pros and cons on the subject.

So how?

Who is correct?

Follow who?

This was how i started when i wanted to learn all about "Investment and Financial Matters ".

Till today, i am still trying to read on the subject - not written by anyone particular.

Less i idolized someone like WB or Ray Dalio or anyone.

Then i think i better stop the game of investing in the stock market if i idolize someone.
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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02-12-2017, 05:36 PM,
Post: #35
RE: New to investing
I'm not sure what does Chia's chart mean Big Grin but one thing similar I read and learn is that bank tellers learn to feel and recognise real notes not by experimenting with fake ones but to train with real ones so that when fakes appear they will recognise

I think that makes sense
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

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02-12-2017, 06:00 PM,
Post: #36
我思故我在 i think therefore I am Oleh karena itu saya pikir saya
my dear friend,
the chart has a very important message to be learn.

think harder...
[Image: i-think-therefore-i-am-37-728.jpg?cb=1271991566]
感恩

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