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How to be a millionaire by 2012?
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Livermore
Master |
26-Nov-2008 12:34
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I am referring to a bull run. Margin during bear market is not quite applicable. As I mentioned before, why we leverage when only in paper profit? It means you have to leverage at a higher price not lower price. When the price drop, your initial paper profit acts as a buffer. If the stock does not take off after you leverage, you don't just hold, you sell off and when you sell off when you have initial paper profit, you probably break even, make a bit or just lose a bit. Of course you don't leverage and still hold if the stock keeps dropping. Why people lose a lot? Refuse to cut loss, refuse to preserve capital, and just keep holding and holding......
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ShareJunky
Member |
26-Nov-2008 12:09
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Another very cheap alternative :- what i am doing - buy one (1) Spore Big Sweep ticket every month . Max loss limited to only $3 per mth. So far still waiting for the big one!
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cashiertan
Elite |
26-Nov-2008 12:00
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I understand your position but margin is dangerous for most ppl especially those who cannot control their emotions and have no experienced as a good trader. Thou margin is less dangerous than contra, however inability of one to control their trades it is very dangerous too. However i am sure jackjames should be matured enough to control himself and knows what to do. i only worry abt the majority masses who cant.
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jackjames
Elite |
26-Nov-2008 09:59
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Good question, if you vested wrongly in year 2007, you are probably in paper loss of 80-90%, in year 2008 , paper loss at least 40-50%.. unless, you are so lucky every single times, pick at the rock bottom price... in other words, if you buy stocks in year 2007-08, most likely you are in loss unless you do hit and run things, else, everytime back to the square.. and no one can guarantee you next year will be a bull run... so, many people still apply hit and run stratergy,thats why the stock can't fly high like before. that's the fact.
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harryp
Veteran |
26-Nov-2008 08:49
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What will be the loss like in one year if you chose the wrong stock?
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jackjames
Elite |
26-Nov-2008 08:12
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quoted your message "boh bian, well i write for general public. not everyone is as sharp and smart as you. some ppl need to show them the way. ".... my next target is to buy a condo for investment, spread it to 35 years housing loan (still able to do so, as I am only 28).. and every monthly rental can cover my housing loan +200 maintenance fees. Where to find this condo? There are tons of it now, and will be more available next mid of year... so be alert and grab the good bargain... target is still at the west as I know Wild Wild West better, ha ha.. Yes, US stock, can buy for long term, but willing to pump in only 30K... not more than that, actually still prefer singapore blue chips, still waiting patiently for $1 dollar shop... like Keppelland, Sembmarine, SPC... i know the day will come, just be patience, and collect stable dividends.. good luck folks.
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Livermore
Master |
26-Nov-2008 07:39
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Actually you don't need $100k to make a lot in a bull run. Just $30 - $40K will do with margin. You would be surprised in just 1 year what your gains will be if you choose right stock and play it right | ||||
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cashiertan
Elite |
26-Nov-2008 01:32
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if you cant find 100k than find 10k. 10 k if done well also can turn into 100k. Eat only what you can eat, no need be greedy, if u can only 1k, than aim to make 10k from this recession. 1 million is a common dream target / goal for ppl to achieve but it is not necessary for most to earn this by 2012. those who can make more go hit dream target of more than 1 miilion by all means squeeze every chance.
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cashiertan
Elite |
26-Nov-2008 01:25
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boh bian, well i write for general public. not everyone is as sharp and smart as you. some ppl need to show them the way.
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cashiertan
Elite |
26-Nov-2008 01:23
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i think james is doing the right thing. time to downgrade flat for seed capital for recovery. maybe u can upgrade to condo again. it is how you find ways to become make ur 1st million. with your 100k, assume you use only half. you still can make alot if you know what to buy. hope you same as me has brought us stocks at rock bottom price(keep my finger cross 1st). Anyway i entered becoz i based on TA for i see signals for recovery and entered my chosen 3 us stocks.
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Livermore
Master |
25-Nov-2008 18:36
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The time frame is a bit too soon.You need to use margin for the next bull phase of the market and be focussed on the stocks you buy. Then one should buy and sell along the way for the bull years. That takes close monitoring. Thus you have may started off with 60 lots of a stock at the start of the next phase but 4 years later you could end up with 100 lots. However if your style is always averaging down all the down as a stock price falls, margin might not be suitable for you. Margin requires a averaging up style. Some of my friends exclaim when I mention about the interest but actually they don't press the calculator to convince themselves that interest is really negligible. |
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Farmer
Master |
25-Nov-2008 16:18
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Hoho! Those who like the US market......just a gentle word of cautious : Murphy's Law apply easier. Thus, stay invest n dun gamble. Hmmm....US100k is not easy to save for an average person. |
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medlive
Member |
25-Nov-2008 16:17
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quite a mouthful ! to be rich, simply save early and invest wisely......
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jackjames
Elite |
25-Nov-2008 15:53
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i have made more than USD 100K by selling my house this month.. and downgrade to 4A flat.. that's first step... once i "have done" my second step, i will share again.
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cashiertan
Elite |
25-Nov-2008 15:03
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3 counters i chose jump yesterday. wanted to take citi but never as i admit no balls to buy it. however i must say i think the players are using it as a excuse for a technical rebound. I am not good in FA however the way the US govt is intercepting the market and pumping another 700usd billions, maybe a reversal maybe in sight? |
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AK_Francis
Supreme |
19-Nov-2008 18:01
Yells: "Happy go lucky, cheers." |
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Brother, ha ha must see where the rich people stay loh.
In Indon n Zambabwe, almost everyone there is millionaire.
However, the millionaire will need to work for the billionaire.
Yoh, joke for d day, relax lah.
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nickyng
Supreme |
19-Nov-2008 17:53
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hmm...everybody become millionaire..who is going to work like slave for this richies ??? hee :P |
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StarLine
Senior |
19-Nov-2008 13:24
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I guess nobody can compare the current situation with 1929 depression, as you have to also have to take into account that currently : - people are more informed than before, especially in this information age, - government are more united, - action taken by government are much faster. Just |
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Hulumas
Supreme |
18-Nov-2008 08:54
Yells: "INVEST but not TRADE please!" |
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Remember, all sort of global governments' rescue packages as well as financial stimulated programmes and measures past and on going process are also to be the most progressive and in unprecendented magnitude then we have ever seen!!! So........
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stupidfool
Senior |
18-Nov-2008 08:27
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Talk is cheap.First we have to find the US$100k as suggested. |
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