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When did u reach ur 1st $100K

There are 2 camps here.

One camp is citing trading in the share mkt.They will talk that the share mkt has 3 forces,that the share mkt is a beast etc..These are traders and they see the share mkt from a short term perspective.

The other camp is where we see the share mkt as an investment vehicle.One invest in blue chips over a period of time.The divvy and the capital gains after 7 or 8 years far,far outweight the short term traders.

Many ppl lose money cos of trading.That is why there are so many books in the bookstores trying to sell u hope and how to read charts etc..When the correct way is just to invest in blue chips.

 

during market clash, if you are cash-rich, sure can make money.  And you do not need to wait so long cos' rebound is usually fast and furious. Just to give you an idea of how volatile and risky investing stock is - not to brag, I saw the value of my portfolio fluctuate by more than 200k since Jan till now.   

 

I am sorry to say in such situation, you will lose so much until nearly broke before you can turn the origninal 100K to 200K, and it might not happen that way too.

cheongwee      ( Date: 09-Sep-2009 21:04) Posted: yes..yes...yes...i am dead sure, just buy with your hand over fist... but always blues...yes ...u are wise..next leg down..just buy.. kellychang      ( Date: 06-Sep-2009 22:42) Posted: well... if i buy blue chip during market crash times... then hold 7-8 years  for its to double price... possible my 100k become 200k?

 

Thinkfirst, it is not that your luck is making you lose.  As a newbie you should know that buying stocks to bet on it paying you immediate gains is a seldom occurence.  You will pay the market to learn.  But since you are young and if you do not have enough savings to throw, my advice is you should give up investing stocks. This is because you come up against three forces, the broker (who wants your money), the other players (who want you to lose your money to them) and the market machinery (that can down their own fortunes to make you broke first before they recover after that).  Give up and go to learn the ropes first.  May God help you.

 

yes..yes...yes...i am dead sure, just buy with your hand over fist...

but always blues...yes ...u are wise..next leg down..just buy..

kellychang      ( Date: 06-Sep-2009 22:42) Posted: well... if i buy blue chip during market crash times... then hold 7-8 years  for its to double price... possible my 100k become 200k? fartist      ( Date: 06-Sep-2009 22:39) Posted: Sorry but i beg to differ. If you don't have goals in life, then what's the point of living? I believe in taking baby steps to the ultimate goal

 

Wow, envy so many youngest at the age of 20+ already have saving of over 100K or even more... Me sad and shame to say that I'm at the age of 30+ but only have 10K+.

Just join in to buy shares recently and really really a damn "unlucky" one, buy what lost what... Hopefully can have some seniors & expertist to guide along.

Can anyone of them care to share which shares is cheap and steady? I'd Frasercomm but hanging there for very very long... bo bian, have to hang there for somemore months... Buy 20 lots Changtian at $0.18, hoping just to earn that $0.01 and let go but too bad, hang there also.... Sigh

 

That's precisely the point I made...

But Uncle Livermore's view is that is is not only possible, but also highly probable, especially with strong belief,

to make good money in stocks.

But the fact is, in a speculative medium, one also stand the probability of losing everything if one's entry is wrongly timed.

And the fact that no one really knows whether it is the right or wrong  time to enter adds to the uncertainty of it all.

keepnosecrets      ( Date: 07-Sep-2009 16:26) Posted: Making money from stocks is not impossible but, there is 50/50 chances to make that 100K or lose that 30K you are using to try making that 100K.

 

hmm...u seems to advocate marrying rich gals or hooking up a richie young lad siah! :D

Fishcake      ( Date: 07-Sep-2009 08:30) Posted: this topic is interesting. I have a female friend, she graduated from U and started working earlier than her husband. They married when her husband started working for 1 year, and the renov for the the house wiped out her saving. Just when her saving started to grow, her 1st child came along and it wiped out her saving again. Her saving finally started to grow after her 2nd child came along and when her elder one started Pri school and she was able to work and coach her children without any maid. Her husband saving also started to grow at the same time, and each had their $100k saving (finally) when she was 35. Ultimately what affect when u have your $100k is who you marry, when you buy your own house, when you start a family and how you manage your family.

 

Making money from stocks is not impossible but, there is 50/50 chances to make that 100K or lose that 30K you are using to try making that 100K.

 

To make $100k with just $30k using margin is definitely possible within everybody means. If people don't believe it, there is nothing I can say to make you believe it  

 

this topic is interesting.

I have a female friend, she graduated from U and started working earlier than her husband. They married when her husband started working for 1 year, and the renov for the the house wiped out her saving. Just when her saving started to grow, her 1st child came along and it wiped out her saving again. Her saving finally started to grow after her 2nd child came along and when her elder one started Pri school and she was able to work and coach her children without any maid. Her husband saving also started to grow at the same time, and each had their $100k saving (finally) when she was 35.

Ultimately what affect when u have your $100k is who you marry, when you buy your own house, when you start a family and how you manage your family.

 

 

To have life goals is honourable, noble and moral...

But to think the stock market can help fulfil those goals is not a totally sound proposition...

Because, unlike slogging away in a business venture or a demanding career, one is taking on a speculative medium.

In many ways, it is no different from taking on the casino to achieve one's financial goals.

But it's okay as a goal in itself if one is prepared to lose an allocated sum of money in return for the possible gains...

goondusamy      ( Date: 07-Sep-2009 07:54) Posted: A goal will make one strive for the better, greed will make u lose your pants...

 

A goal will make one strive for the better, greed will make u lose your pants...

 

I support fartist. Good to have a goal. It is better than those who prefer to be stuck in rat race.

fartist      ( Date: 06-Sep-2009 22:39) Posted: Sorry but i beg to differ. If you don't have goals in life, then what's the point of living? I believe in taking baby steps to the ultimate goal. iPunter      ( Date: 06-Sep-2009 22:00) Posted: 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...

 

It's all a question of when one buys and when one sells...

Buying at the wrong time can kill, even if it is a temporary fall...

  But buying at the right time make many rich!... hehehe...

 

It is not difficult to double the capital sum through sound investing in businesses with good fundamentals. Some blue chip companies have already seen their stock price rise by around 100% since March lows this year. Those investors who invested during the March lows with large capital sums in solid blue chip companies are already sitting on tidy profit of around 100% gain (e.g. $100 k invested then will now become $200 k in value; $500 k invested then will become $1 million now in value).

The stock market is likely moving higher than current levels with the future upgrade in many companies' earnings due to slow recovery of global economy. Holding shares of good companies with solid fundamentals will continue to allow the investor's capital to compound it's returns. The lower the holding price and the longer the investor keeps his shares in only good companies with solid fundamentals, the more significant will be the compounding effect. Many investors do not realise or appreciate the potential of retained earnings from a company pumped back into it's excellent business to continually grow itself to an even bigger level. This is how the shares of an investor invested with a good company can increase significantly in value due to excellent growth of the company over a long period. This sharp increase in shares' capital value plus total dividends received over a period of time is fulfilled by just the investor passively holding on to his shares bought much earlier at low undervalued share prices in the early years of a solid growing company (or bought during rare extreme depression in stock prices e.g. recent financial crisis). 

 

well...

if i buy blue chip during market crash times...

then hold 7-8 years  for its to double price...

possible my 100k become 200k?

fartist      ( Date: 06-Sep-2009 22:39) Posted: Sorry but i beg to differ. If you don't have goals in life, then what's the point of living? I believe in taking baby steps to the ultimate goal. iPunter      ( Date: 06-Sep-2009 22:00) Posted: 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...

 

Sorry i missed the word 'soon'. But i believe in a reasonable time horizon, 100k is defintely possible.

 

Sorry but i beg to differ. If you don't have goals in life, then what's the point of living? I believe in taking baby steps to the ultimate goal.

iPunter      ( Date: 06-Sep-2009 22:00) Posted: 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...

 

Yup... That advice is very solidly sound...

In other words,...  "Only play with money you can afford to lose"...