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When did u reach ur 1st $100K
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smartrader
Elite |
06-Sep-2009 22:12
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it is ok to pay school fee (but within your means).... like taking MBA... |
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iPunter
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06-Sep-2009 22:00
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It is such an irony in life that those who aim to make a '100k soon' in the stock market are the very ones who will lose their pants... Such is the reality of the stock market... If this were not true, there would be no need for so many suicides and sad family stories in the past...  |
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fartist
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06-Sep-2009 21:14
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Yes thank you, i'll bear that in mind! :)
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smartrader
Elite |
06-Sep-2009 20:19
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Do not trade beyond your means on speculative stocks. Too many trades also mean more bad trades. Traditional method of investing in good business is proven method for multi-fold gain - at 30, i have 250k portfolio through holding good growth stocks.. .will soon double..
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fartist
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06-Sep-2009 18:37
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I hope all you guys out there are seeking to improve yourself everyday! Cheers! |
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teeth53
Supreme |
06-Sep-2009 17:43
Yells: "don't learn through life, learn to grow with life " |
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A banker is one who do not gamble and on speculate on, or risk taking in highly unstable source of income earn, but work the ground to make a company to be successful launch or listed, been not a gambler, there is no risk at alla A winner by it own rightful way, by earning it the hardway, so is a broker or a remiser, NO GAMBLING. Just hardwork and experience and with a little lucky than others. | ||||
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thulasiappan
Senior |
06-Sep-2009 17:24
Yells: "Just a Beginner in trading" |
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I could not understand what this thread starter trying to say. | ||||
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teeth53
Supreme |
06-Sep-2009 17:17
Yells: "don't learn through life, learn to grow with life " |
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Been a banker is a sure winner (who do not gamble or risk lossing, hardwork working the ground). Like in every gambling games. This is indicated in casino and in stock where someone can win big and successful, there are many who (lost) will become losser and un-successful and will acommodate long lossing trail for, in order for one party to success. The other party has to be unsuccessful vis a versa. Like in a card games. So a $100k source win, can be someone $100k lost, this is B'cos $100k has to goes to d winner. less commission, less GST, less admin fee and so on. |
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ozone2002
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06-Sep-2009 17:05
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anyone read the straits times today? investment section.. there's an article about cutting losses.. i like the quote he wrote "it's not a sin to be wrong, but in staying wrong" learnt about the importance of cutting losses |
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534hjb1
Member |
06-Sep-2009 15:10
Yells: "Learn Unlearn Relearn" |
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CW, it is true what you said...any success that one enjoys may be a source of pain & envy to another person. So being humble and feet rooted on the ground is being considerate to others. I cant help but admire how you are so willing to share your knowldege and sensing of the market movements...one day will try to give back to this forum if got useful sharing. But then again, need to do more research first..he he | ||||
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cheongwee
Elite |
06-Sep-2009 13:49
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alway this type of heading sadden alot of ppl out there who lose in the makret... it set ppl comparing amongst one another...and that is bad for the soul... i try not to boost what i have achieve in my business, as it serve no purpose except envy and demoralising ppl feeling.. never mind,,,,to be rich you do business..to vest in stock and get rich belong to a few only and those who the have affinity with the mrkt. Thsoe who working, pls dont over vest till you got to look at the computer all day...you can be sack for this....i know one guy who got sack after repeat warning fr his boss when i was working in St Micro...and if you lose your job and next yr crises got worst..you are in deep trouble... try to keep your job...work hard and get you somewhere...pomotion , and more job security.. personnally was retrench twice all due to economic crises...nw business owner...latest project..one Indonesian Cheack Point...current.and ongoing ...pte est...condo...govt stat...industrial building..and 80cc out of the 108 cc we have in Singapore...are nw under me...aiming to takeover all the cc in Singapore!!! dont compare..my peer is worth much more than me.....look at it this way...in the end..even President Wee's current "bungalow" is a cubicle at Mandai ... all road go to Rome like they said...hahaha...look fr 300000 ft..WB is no different to us , than me to you..all the same...all end in grief...some road which some ppl walk on may be smooth...some no so lucky..al rough...but really , we are nothing, really nothing....can you see cheongwee fr the moon...hehehehe be thankful for what you have..i cant offer you advise, i am speculator...and i can only offer tip which at time do back fire...pls dyodd... may you be well and happy. |
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zzzzzzz
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06-Sep-2009 13:09
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I aimed to have at least 400K by the time I retired so that I can still go tours and lead a carefree life. It's not easy to make money in Singapore. Private property is expensive, easily cost 800K and more for a good location condo. If i have the money, I probably will invest in property. Right now, I can't even afford a condo, unless with 30 years of loan. But I am working towards it. | ||||
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DanielXX
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06-Sep-2009 12:57
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You could have done better by longing the market during the financial crisis. FA trumps TA in the end. The catch of course, is that you must put more brain matter into FA, whereas TA is just a matter of "reading the charts".
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ozone2002
Supreme |
06-Sep-2009 12:38
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nice to see many contributions.. would like to share my own experience.. Starting working @ 24 after graduating from NUS, got a $3+K job as an engineer and at the same time trading shares. Didn't know much about technical analysis then, so in the stock market for purely speculative reasons. Bombed out when i took huge positions in a blue chip i thought was goin to post spectacular results but turned out otherwise. Lost my entire life savings 2 years later. Got interested in T.A when i was told by a colleague who knew a close friend who made his first million trading solely on T.A in the U.S. After learning through various online websites, and put into practice, made decent profit on some trades, particularly made on Xpress holdings when i bought below 10c it went to 20-30c. Decided to get my 1st T.A book by John Murphy. With T.A knowledge i started trading more frequently and during the pre financial crisis period, had made decent money with IPOs (e.g Sunvic,Uniasia, etc) got preference allotment cos got gd relationship with my broker. Made a pile with more notable trades such as Ausgrp (bought @ 60c before it shot to $2), swissco @ 70c before letting go @ $1.5, lianbeng @ 25c and letting go @ 70+c. Market crashed, been shorting and playing put warrants till Mar this yr where i started to pick up many blue chips (more notable trades are Kepland $1; i remember gettin into a quarrel with a forumer here becos i advocated a buy, look at the share price now!!)Yanlord @50c, still holding, Kep corp $4, SPC $1.8 .. thank God for Petrochina takeover..keke. All in all i achieved my $100K cash due to shorting the market during the financial crisis, now targeting >$200K by end 2009. Waiting to buy my swanky condo when the property euphoria subsides. |
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teeth53
Supreme |
06-Sep-2009 10:34
Yells: "don't learn through life, learn to grow with life " |
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This scheme is very much achieveable within three (3) years living off 100% on subsidy on others, with and or w/o the rich or poor regardless who is subsidy oneself to live on. On 2nd thought, very achieveable, even if it fall on day one when oneself is born from day one.
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teeth53
Supreme |
06-Sep-2009 10:23
Yells: "don't learn through life, learn to grow with life " |
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This scheme after saving, comes under less this and that...less purchase power, less interest earn, less on transportation..(err used only leg power to move), less eating on food. less spending on gift, less on mistaken / misjudge / misinfo / mis the boat / mis the run up / mis the sleep, believe that the equity market with right discipline, its very much possible to achieve it! :) teeth thot: More than a tough stressful life, after 3yrs, nothing enjoyable for nothing is achievable. Life: Live and let live, happy or not ?. Oneself is in dept to others w/o paying off dept, does it count owning dept having not to pay off those feeding oneself till now in order to achieve $100k, age 25 |
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fartist
Member |
06-Sep-2009 09:42
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Hi AK! But I aint working right now, i just completed army cus I was from poly graduate. Then now at SIM studying for the next 3 years. Manage to save quite a bit during army and using those sums now to invest in equities. I AM very fortunate to have my parents cover my school fees without taking up a loan. Well thanks for the input! =)
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teeth53
Supreme |
06-Sep-2009 09:13
Yells: "don't learn through life, learn to grow with life " |
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Never too old to learn, never too young to learn as well, 100k after taking into consideration, less inflation rate, less purchase power, less interest earn, less this anf that..hehehe, Just another imagination of my....Ya. Err...by age 25 years old, maybe by age 30 years, eat and drink with water oni can sure made it there.
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Zelphon
Senior |
06-Sep-2009 09:07
Yells: "Hauttttttttt AHhhhhhhh !!!" |
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100K by age 30 is achievable... but is pretty tough... I graduated from local U in year 2006... After slogging till date... I have 50K savings already ...But all vested into equities and most I bought during pre-financial crisis and holding till date.... But as I have been constantly investing throughout the crisis, my overall portfolio is now breakeven... 100K is easily achieved if you are single and live a frugal lifestyle.. For me, it is pretty tough as I am the sole breadwinner... Got tuition fee loan from bank to clear (Cleared after 1.5 yrs work)... And now I have GF..(Higher Expenses... ) ... If I choose not to marry by age 30, I think I can achieve 100K... But that is wishful thinking... Next stage of life requires HDB flat (Resale or BTO), Furniture for flat, Wedding Banquet and misc cost of wedding... etc... Housing is so expensive nowadays... Govt is trying to bind us with debts so that we slog hard for this country.. Article by Leong Sze Hian in online citizen is very insightful.... :-( Anyway, I am digressing... In summary, 100K is achiveable by age 30.. |
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lv_pierre
Member |
06-Sep-2009 08:47
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I should be able to reach it by next year (excluding cpf)... have been working for 1yr plus earning a mthly income of about 4k...i do it by investing my net income (after deducting study loan, $$ to household, insurance, saving (about 10%) and personal expenditure) | ||||
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