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things every retail investor/trader should know

T'Chancellor, to have 10-12% 'realistic gain' EVERY YEAR  is really fantastic - that would make working for a living a mockery! 

I think 4-5% is a more reasonable number to go for;  and at the same time, one also must realise that there is also the risks of losing your CAPITAL in any investments!!! Cheers!  

 

I was thinking to myself, you don't need 1 million bucks to be financially independent. If you have a quarter of that, $250 000, you could go into semi retirement and do investing instead. A realistic but challenging gain of 10-12% (~$24000) every year on that $250000 could give you a no frills lifestyle without slogging from 8.30am to 7pm.

 

You are right!  Some of these people make easily 5 digit a month.

CWQuah      ( Date: 18-Aug-2008 00:18) Posted: Livermore, I think I can relate to what you mean. I do know of some solid traders who literally feed their families purely on trading income (anecdotally, 5-digit per mth), and still go for golf every Fri! I know detractors will probably argue that these guys are probably well-off enough to begin with. But the fact remains that their net result even during these trying times, is positive. That's something interesting to learn... Off this track a bit, did anyone here go to the InvestFair at Suntec this weekend? One look at the solid attendance, I've got a hunch that markets have yet to bottom. Still many small bulls around.

 

Of course now they make a lot from shorting

elfinchilde      ( Date: 17-Aug-2008 22:51) Posted: can i assume they aren't just trading s'pore stocks, livermore? or if they are, that they can go short as well?

 

timing to buy property is the same as buying stock..

I don't see why a pretty artist know this theory and we can't... will you buy a property for investment last year? hmm.. u bet, theare still many good chances now.

elfinchilde      ( Date: 17-Aug-2008 22:50) Posted: haha, jj, can't just talk about property as guarantee. nothing's ever guaranteed. timing matters a lot. she just happened to buy and sell at the right time: go ask any of those who are stuck trying to flip their en-bloc props now. haha. most of the rich invest by leaving it to other people. very few manage their own funds. and the fact is, they have so much money that even if they just put into a cash deposit, the interest would be enough for daily living already. it's a different class altogether; completely unrealistic for other folks to follow. wealth is made by business and investing and property. or in singapore, by being part of the ruling government. you don't get wealthy by being an employee.

 

Livermore,

I think I can relate to what you mean. I do know of some solid traders who literally feed their families purely on trading income (anecdotally, 5-digit per mth), and still go for golf every Fri! I know detractors will probably argue that these guys are probably well-off enough to begin with. But the fact remains that their net result even during these trying times, is positive. That's something interesting to learn...

Off this track a bit, did anyone here go to the InvestFair at Suntec this weekend? One look at the solid attendance, I've got a hunch that markets have yet to bottom. Still many small bulls around.

 

 

 

 

can i assume they aren't just trading s'pore stocks, livermore?

or if they are, that they can go short as well?

 

haha, jj, can't just talk about property as guarantee. nothing's ever guaranteed. timing matters a lot. she just happened to buy and sell at the right time: go ask any of those who are stuck trying to flip their en-bloc props now. haha.

most of the rich invest by leaving it to other people. very few manage their own funds. and the fact is, they have so much money that even if they just put into a cash deposit, the interest would be enough for daily living already. it's a different class altogether; completely unrealistic for other folks to follow. wealth is made by business and investing and property.

or in singapore, by being part of the ruling government.

you don't get wealthy by being an employee.

 

I know of people who are doing extremely well trading and even in this bear market. 

Livermore      ( Date: 17-Aug-2008 22:35) Posted: Hey you are way off man stupidfool      ( Date: 17-Aug-2008 22:27) Posted: I really doubt anyone can be rich trading in the share mkt. Most ppl become rich vis investing long term and in blue chips.

 

thanks for the comments, mckean and stupidfool. i don't think anyone would allow that first winnings thing tho: for the sole reason that once people win, they'd want to keep it all for themselves!

and ipunter, with all due respect, i'd appreciate it if you would NOT peddle your genie tutorials in my thread, thank you.

stupidfool, it all depends. 95% of traders lose*, we have to be realistic about that. Actually if you ask me, a large part of it is personality driven. Never go against the trend is what's oft quoted; the other thing they don't say: never go against your own personality. Most people aren't cut out for rapid trading. Personally, cos i'm interested in psychology; I use Jungian theory to read a person, and thereby, their strengths and weaknesses, and from there (if we're talking about the markets), the trading profile.

Am very interested in psychology, actually. the MBTI is what's used by PSC to sieve out their top scholars (and it's what we teach them in top schools, too; which is why elite school students will always have an edge over neighbourhood ones. hehe); and what MNCs use to hire their employees. The reasoning is that people are hired by ability, but fired for 'fit'. So personality testing allows a testing of the 'fit' even before a person enters the workplace.

The MBTI is based on Carl Jung's theory of cognitive functions. Imminently useful. Have used it before to help kids find themselves, suitable careers and all that. Can be applied to trading/investing profiles.

*leaving aside those traders who are trading via insider tips/as part of cartels. those, frankly, you can't put it down to skill; it's just pure money and connections. wouldn't take an idiot to make money if you have such 'backing'.

 

Yeah, the TCS actress invested in property well.

Every Sunday in newspapers, you get these investment articles. Read them with an open mind as not everything written are like "The Way" to go. Sometimes I find what they write a bit strange. Most of the time a bit SOP ("standard operating procedure") but not much flexibility.  One of the articles last week about following how the rich invest was a bit way off the mark.

 

Hey you are way off man

stupidfool      ( Date: 17-Aug-2008 22:27) Posted: I really doubt anyone can be rich trading in the share mkt. Most ppl become rich vis investing long term and in blue chips.

 

faster way? go for property of course!

The Sunday Times today interview with Mediacorp artist Michelle Chong... not bad... pretty and know how to invest... that's the smart girl I see..

one 2-bedroom condo bought in sep 05 at 780K, and sold 1.38 million after 2 years. profit of 600K in 2 years.

Thereafter she bought an apartment last year July 523K, and sold 3 months later at 660K.. profit of 137K in 3 months.. she knows how to punt her money... smart !

she holds SIA and parkway shares... paper loss.. but looking at her properties returns, that's just peanuts.

 

I really doubt anyone can be rich trading in the share mkt.

Most ppl become rich vis investing long term and in blue chips.

 

PS> Internalising the teachings in the Genie Turorials will ensure you will not have
to lose your pants while playing the stock market.

 

Hi everyone, I am a sort-of newbie that have been quietly reading the forum on and off.

The other day I went for a bank-sponsored "Investment course" which turned out to be a sales pitch for a course by this ex-bankrupt turned guy-who-earns-tens-of-thousands-in-a-minute from a certain local agency who is best known for organising training lessons. (No naming is part of the forum rules right? )

Anyway the course was almost $5K and I think it seems like a summary of many course out there (I haven't been to many of such previews though so this is just my speculation), which makes it more 'worthwhile'. It is a weekly course spread over a few weeks, so basically course price is about nearly $1K per day to "compensate for the loss of money he spends training instead of trading". He insisted he doesn't need the money and is doing so to spread knowledge... Rrrright... so why don't such wonderful educators who wanna save the world hold low-cost courses for all those poor people living in poverty? We all know there are people who are very poor in Singapore, and I am just glad I at least have a roof over my head without worrying about my 3 meals...

Ok so I drifted away from the topic... I think that everyone contributing to the forum here has been very generous with their views and giving pointers, so.. yeahhh let's see the gurus HERE give a course! (if none of them is already doing so...)

And as a side note, if these so-called winning courses say we only need to pay upon winning out first equivalent of the course fees.. i will be first to sign up!

 

Any recommendation??Me got a freind who sign up T3B and told me it is not working for him.

Any course which is reliable and workable at least 70%,,,so there much be one..anyone know any??pls say something ..thanks.

 

i've actually been gathering feedback.

so would like to hear actually: what's the benefits of those courses, and what are they lacking in?

if we can derive a common consensus, then we can create a course unique to SJ, unique to the participants' needs.

Frankly, i think 2.5-3k is too much to pay for a one/two day course that only teaches generalities but not the finer details needed to survive. esp in this market.

 

Anyone of you attended some of the training courses that frequently advertise on newspapers? Worth it?

 

Sifu say very right... :)

Actually, we all are also fund managers...

We manage our own funds using the stock market  ...