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How to be a millionaire by 2012?
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medlive
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28-Nov-2008 15:59
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Best time to buy condo is 2nd half of 2009, when recession is deep and hurting. Forget about penny, bank, property/reits or sea/air stocks. My boss laughed at me when I bought 3 cheap condos during slump period in 1997, but now I have the last laugh !.. My nett rental yield is twice his(materials director) monthy gross salary !! FYI....I retired last year, before 55.... Ha Ha Ha !
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Hulumas
Supreme |
28-Nov-2008 15:50
Yells: "INVEST but not TRADE please!" |
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You are right, that is why I use PTB as my penny stock picking benchmark. I believe in "Small is beautiful" rather than "Big is empty" no blue chip ( So many trouble blue chips like, Lehman Bros, AIG, UBS, FORTIS, CITI GROUP, GM, FORD, DBS.............etc. lately) but Penny stock in this unprecedented global financial credit crunch/debacle era. It is not risk free but much much more rewarding.
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iPunter
Supreme |
28-Nov-2008 15:13
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Many are basing their decisions and relying on the turn of the business cycle to invest. But that is in the past. Yes, 'business cycles' are a thing of the past... With this unprecedented 'turmoil' , with government financial bailouts being the order of the day to avert crippling the economy, business cycles as we know it will not exist anymore. Business expansion and contraction is the result of free market forces in operation. Then, are we sure we can now rely on the old phenomena to predict the future?.... |
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jackjames
Elite |
28-Nov-2008 15:03
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don't be surprised, i believe one of your penny stocks can really hit jackpots.. centillion, equation, E3, Jade, Banjoo, KXD, digiland, Ouhua, Starpharm, Sinostar, ChinaNewTown, ChinaOilTech, Unionmet, etc... just name any of them, i believe by year 2015, you also can become millioanaire, i think ur chances is higher than buying DBS, ha ha ...
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iPunter
Supreme |
28-Nov-2008 14:59
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The main reason why most people lose a lot of money in the stock market is that they made the wrong assumptions from the beginning
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iPunter
Supreme |
28-Nov-2008 14:52
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You have lost in all methods and styles?...
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jackjames
Elite |
28-Nov-2008 14:50
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adui.... then, no points saying so loud mah, .. by year 2015, my AIG stock, or Citibank shares can all up to $50, everybody can become millioanaire, lol... well, if you monitor my post, next year is a good time to buy one condo, once I bought it, I will share with you all.. LOL... cheers ~
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jackjames
Elite |
28-Nov-2008 14:47
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ha ha.. very funny.
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iPunter
Supreme |
28-Nov-2008 13:53
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As far as i know, people who are really millionaires don't share a cheap cheap e-book with 10 other people... and then afterwards talk bad about it... |
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cashiertan
Elite |
28-Nov-2008 13:35
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LOL. I dunnoe and it is not really my issue. You cant really help or trust ppl in the forum for good traders usually keep among themselves and dun usually to hang out in forums. You can help ppl much becoz from my past exp in helping ppl, many are too stubborn to be helped, some cant be help, some dun deserved to be help, some dun want to be help and some are ungrateful ppl and alot are "lazy and dreamers". Few deserved to be help and hence i have decided to help only to a certain degree, nothing more. I do know of traders who read forums to know when to SELL their positions LOL. Also I suspect some forumers are actually working for BBs to help the BBs push their price or clear their positions. One etc is like that one who keep promoting Biosensor. I warn already but no one want to listen. This is what I call cant be help.. However there are a few forumers whom i know can be trusted, at least i know they are real traders and their minimum standards are better than average traders. You can consider seeking them for help. However becareful of what you read and who you read from. Some posters like to put colourful and flowery setence which makes IT look good but have little of value for pratical trading. Oee even try to use forums to con ppl to buy it's useless trading ebook.
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medlive
Member |
28-Nov-2008 11:18
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jj lost money via equity ta, trending, rumours, broker's advise, reports, relationship manager's suggestions, etc........hence need help !
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harryp
Veteran |
28-Nov-2008 10:20
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Yup, even Chuan Tze at one time was unsure whether he was a butterfly dreaming of Chuan Tze or actually Chuan Tze dreaming of a butterfly :)
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iPunter
Supreme |
28-Nov-2008 10:10
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Talking about dreams, when one is passed on, one's life would indeed be just one long dream, with attachments to people and things on this earth plane.
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harryp
Veteran |
28-Nov-2008 09:55
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For many it will be just a dream but nothing to lose as long as you enjoy your dream. | ||||
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Hulumas
Supreme |
28-Nov-2008 09:11
Yells: "INVEST but not TRADE please!" |
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I am buying 18 kinds of Penny stocks with all <0.10 PTB total worth of Sgd. 200,000 holding for two years to be a millionaire. (CAVEAT EMPTOR)
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iPunter
Supreme |
28-Nov-2008 08:50
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I somehow know he is not holding China Milk... hehehe...
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ten4one
Master |
28-Nov-2008 06:48
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I personally doubt it is possible to hit your target at 2012. 1st of all 2008 is almost done and the Market is still very weak. 2009 could see the bottom. 2010 maybe the start of market consolidations and may extend to 2011 and beyond (due to the extend of damages done). 2012 may see some recovery and improved market environments. Therefore, a 900% gain is practically impossible in such a short period no matter what and whichever stocks you picked! Unless, may be you do a very high leverage....say about 90x. HLJ2's 10% gain is definitely more sensible and achievable. Cheers! |
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HLJHLJ
Veteran |
28-Nov-2008 01:21
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I think i know. Cannot be bank stocks.. too bulky, the most is 2 times gain only. Must be penny stocks, volatile stocks or even property, china ones etc... Stocks that can go 5 times and above. LOL. anyway, i'm not aiming to get millions. Just 5-10% is good enough. Don't need so much to live... Just my opinion. LOL. |
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cashiertan
Elite |
27-Nov-2008 22:49
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I am not going to tell but i will have my way to prove which 3 stocks i holding now when in due time. You should do your own study instead of asking me. |
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jackjames
Elite |
27-Nov-2008 22:35
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what are the 3 stocks?
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