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Maybe it's correction time? Who knows?
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thomas_low
Veteran |
16-Jun-2009 08:31
Yells: "Gong Xi Money Made" |
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Happiness is a cigar call...Hamlet....after you bought heavy heavy during dip and sell when it recovers.. | ||
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iPunter
Supreme |
16-Jun-2009 07:37
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Happiness is being able to routinely play 10 std lots in fx, which is 3% of one's account size... hehehe...
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cheongwee
Elite |
16-Jun-2009 01:21
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I would say that life must be such that we have the time to do the thing we want to and enjoy doing., like for me..exercise , play golf, fishing....you dont need to be very rich like Peter Lim or millionaire..but u must make enough money to enable you to cover your livelihood..and of course save some for old age. what for u have the money, but must run high and low and no time for this and that..work like a dog day and nite...worried abt this and that..and finally u dies also dont know why u live for? life is no how much money u make, but how easy u make them..of course the $ you make must be a tidy some for you to do the thing you enjoy doing..and for daily expenses. life is short, all hardly live to 100 yrs..we must enjoy life., wee must have time for thing in life...your family, your hobby.
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jeremyow
Senior |
16-Jun-2009 01:03
Yells: "Passionate business investor" |
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Thanks, cheongwee. Thanks for all your sharing so far. Let's hope all of us can fulfil our investment objectives. Let's hope we can also live meaningful lives too.....All the best for your investments! | ||
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cheongwee
Elite |
16-Jun-2009 00:47
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thanks for the article...this is good, by reading this article it make us dream, and feel good and drenm and imagine...sometimes dream do come true... hope all your dream come about...hope rally is still on and alll haut ahhhhhhhhhhh.
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iPunter
Supreme |
16-Jun-2009 00:45
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["... 1. There are other important things to life (e.g. relationships) than just investing and money making..."] As an unchangeable rule, money-making comes first... Otherwise, how can one have the other important things? ...
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cheongwee
Elite |
16-Jun-2009 00:32
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Peter Lim is lucky, he admit this himself in an interview with Business times...you got to have affinity with the market.. and if u want cheap, wait till 2010..dow 3800..nw i will bet rally is still on.. |
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jeremyow
Senior |
16-Jun-2009 00:11
Yells: "Passionate business investor" |
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An interesting article I saw online:- http://finance.kampungtalk.net/2007/08/stock-market-turmoil-singapores-7th-richest-man This article speaks of the remisier king Mr Peter Lim. A summary of the important points from the article are as follows:- 1. There are other important things to life (e.g. relationships) than just investing and money making. 2. A large bulk of his enormous wealth came from investing long term in a single investment (Wilmar International) that he bought in early 90s' (worth around $10 million then) and since have grown to current worth of around $700 million. 3. His advice for young investors is to have a longer mindset to investing if one wants to become really rich, since younger investors can ride out the ups and downs of the stock market over the years. 4. His key to investing is that one need not monitor the daily fluctuations of stock prices, but instead he should track the developments of the invested businesses of selected companies. He will likely invest for the long run in businesses from sectors that he sees as having long term potential for spectacular growth. |
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jeremyow
Senior |
15-Jun-2009 23:48
Yells: "Passionate business investor" |
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Thanks, cathylmg. You also have shared quite a number of postings for others to learn from your perspectives and experiences with investing. |
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cathylmg
Elite |
15-Jun-2009 16:42
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Thank you for the wise advise. |
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jeremyow
Senior |
15-Jun-2009 16:30
Yells: "Passionate business investor" |
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If we are pretty sure of a correction coming along now, short-term investors may sell to lock in profits and wait for lower prices towards end of correction to buy in again. Long-term investors who have bought before the rally may ignore this correction and wait to accumulate more at the end of this correction when stock prices are much lower. One can never predict how much and how long the correction will be, so be extremely patient and wait for good low prices and then buy in slowly for those wanting to accumulate. Always leave enough reserve funds in anticipation for a better lower price in case it really comes (since no one can time market 100% accurately to know when is the lowest entry position; try predicting the mood swings of the many different types of people trading and it is no wonder that no tools or human can 100% predict accurately where and when is going to be the next lowest entry position). Again, who knows? Maybe this is not a correction afterall and just going to be one of the many minor dips so far? So, I am not a MFT. Neither can anyone be MFT since we cannot predict the future movements of the stock market. <Simple investing philosophy.....Only buy shares of excellent companies when prices are well below what the companies are worth. The lower the price one has accumulated shares in an excellent company, the more attractive the long term rate of returns on investments if he stays invested in the company. Otherwise, do nothing, waiting patiently for a good price to buy in. Just be sure one is right about the economics of the invested business that it will continue to churn out good returns on equity and earnings per share for the shareholders for a long long time. Choosing to invest in only excellent businesses may not likely cause one to lose his hard-earned capital. Instead, the investors can look forward to potentially good developments in the business with the passage of time.> |
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