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How long it takes to double or triple your wealth?
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geojam
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02-Jul-2007 22:02
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sporegal U obviously a non believer in margin lending? My advise is take a look at it with an open mind...and maybe learn something from it. |
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joshlai86
Veteran |
02-Jul-2007 22:02
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I feel tt cutting loss only applies when u feel tt the company is not gg to recover and it's growth prospects are not gd. i still remember holding bio treat from mid 04-mid 05.that's like 1 yr.bought at 90cents and it went dwn till abt 50+cents at its lowest.i held on n it rebounded to $1+.10% profit for a yr's wait.i tink that's pretty good. cutting loss increases ur risk in a way if u switch in n out of stocks so quickly tt ur investment period is short term. it's becomes a little bit like gambling,speculative. just my opinion. i still think cut loss only when company's gg dwn dwn dwn. |
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geojam
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02-Jul-2007 21:59
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Hi sporegal Livermore and i share some similar views,that we do not trade frequently and thus find that it will help iron out the high and low and also eliminate manupliators. Do u trade frequently? |
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singaporegal
Supreme |
02-Jul-2007 21:52
Yells: "Female TA nut" |
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Hello uncle geojam, Yah... I think 90-95% of people lose money in shares. For me, I'm lucky to have made more money than I lost over time. Its like.... gain, gain, gain, loss, loss, gain, gain, loss...etc... Overall more gains than losses. So in my opinion, the ability to swallow pride and cut loss is highly important to me. |
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geojam
Member |
02-Jul-2007 21:45
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Sporegal would u also agree that 95% of investors also lost money in shares? What would u consider are the traits of a successful investor in shares? |
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singaporegal
Supreme |
02-Jul-2007 21:42
Yells: "Female TA nut" |
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I agree with Mani actually. Be wary of people who charge high fees to teach their trading systems and promise quick and huge returns. Why would they be spending 99% of their time and effort training people when they can be making huge returns themselves? The training business must be more lucrative than their trading. |
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singaporegal
Supreme |
02-Jul-2007 21:14
Yells: "Female TA nut" |
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Looks like I have ignited a healthy debate on entrepreneurs and investors. "Which profession is easier to make money?" I agree that 99% of businesses fail but those who succeed really make it big. But from observation of the people around me, it seems that many of the big investors I know make their money FIRST from their businesses and then use it for investing. |
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Livermore
Master |
02-Jul-2007 20:28
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Hi Centaur, With margin trade, if you manage your risk profile properly it is ok. Really it is all about managing your risk profile whether you trade, invest long term, margin etc. Though I trade in margin, my risk profile is like make $10 but can afford to lose maybe $2 in a simplistic way. I invest in margin and not trade in margin. There is a difference. If I trade in margin, chances are it is hard to concentrate on one's work. If there is a crash, I just make less. It's alright. |
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Livermore
Master |
02-Jul-2007 19:13
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Hi Geojam, Seafood waiting for you at Defu Lane 10. Send me a e-mail when you coming to Singapore:). |
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geojam
Member |
02-Jul-2007 16:47
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U have my support,....Livermore. When is our seafood dinner coming??? |
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Centaur
Veteran |
02-Jul-2007 13:13
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Ahhh... the concept of leveraging.. way to go livermore. But 1 shouldn't overleverage though or u find yrself in deep trouble should anything goes wrong |
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Livermore
Master |
02-Jul-2007 12:36
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Trade in margin and if done in the right way, big bucks on the way.... |
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Manikamaniko.
Master |
02-Jul-2007 12:27
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In the stock market, people want quick and meaningful returns... |
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Centaur
Veteran |
02-Jul-2007 10:42
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true and not true lah... the second richest man gotten his wealth thru prudent investing and the richest man - entrepreneuship. So they are living examples that we can stike it big thru investment or entrepreneur or both. 
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ten4one
Master |
02-Jul-2007 05:15
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Oh dear me! The subject matter is how long it takes to double or triple your wealth? $1000 you 2x or 3x it to $2000 or $3000 resp. at the best achievable 'speed'. And......................you're still not rich at all ! Entrepreneuship? one in 10,000 maybe and the 'funny' thing is I've not heard of a failed entrepreneur!!!!!!!!!!!!!!!!!!!!!!!!! Certainly Synapse has got a point there. For me, If you could take as long as it takes to succeed, you're an Entrepreneur! Cheers! |
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Synapse
Member |
02-Jul-2007 04:34
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Entrepreneurship pays well for those who suceed (caveat emptor) especially with a product that sells hope to people eg in terms of making money, looking better, and feeling better. It's difficult to see how trading courses, beauty salons, slimming centres, hair growth products, and 4D/Toto can't achieve a fair degree of success in the initial stages since people would pay $$$ in the hope of being more well off, looking better, or feeling better. Of course entrepreneurship is obviously not as simple as it looks since every success story leads to increased competition, plus the fact that some fads do eventually wear off eg bubble tea. Its important for any business to continue re-invent itself seeking new growth areas or ways to increase profits and not merely maintain the status quo since its edge would be blunted and its turf encroached upon by competitors. |
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Manikamaniko
Senior |
02-Jul-2007 00:21
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Singaporegal, |
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StarLine
Senior |
01-Jul-2007 23:51
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Same here too, Ultrameg. 
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rayphua
Member |
01-Jul-2007 22:27
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Being both an entrepreneur and an investor, my preference is still for growing wealth through investing, as I believe in Kiyosaki's 4 Quadrants. There are risks in each approach. |
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Livermore
Master |
01-Jul-2007 22:06
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Hi Singaporegal, You are more likely to be right. I prefer the investment route and really a matter of knowing what you are good at. Don't need to follow others. Do what you are good at..... |
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