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Leinadgnow
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04-Jan-2011 00:10
Yells: "Retired" |
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i don't la.. of course not.. i have like 50% tuck away for savings and spending and holidaying.. and 50% to roll over.. the older u get.. the lesser this amt shld be .. or rather, the older you get, the amt that is in equities/ riskier class assets shld be lower unless u have enugh tuck away nicely for a nice retirement fund AND you have absolutely no access to this funds other then the fact that u withdraw a good amt of interest / dividends per month .. Okay.. it should be something like this. Theortically.. according to warren buffett and benjamin graham.. your equities / bonds holdings shld be 75% 25% as according to the market.. and according to your risk tolerance.. for younger people like us who have no finanical responsibilities as well as no committments.. we can extend up to 100% of your money into shares and equities.. if we fail.. we will only lose what we park inside .. (meaning no contra) and we still have a roof over our head and food to eat... However, due to the onset of contra, your margin requirement/ trading ideally shld be 4:1 or less then 3% of your entire capital staked on one trade as well as cut your losses/ profits at 7-8% of that 3% .... and slowly grow/gear it up as according to that... Also, as you grow older, you shld start putting aside money for your wife and kids.. for your love ones.. whereby you have absolutely NO access too .. because in our profession, we have a high chance of losing alot or everything and there's no reason why u shld put ur love ones at that kinda pressure and risk... Make it in a way that your wife cannot draw it out to help you because of her love for you, she will most likely draw it out to help you.. make it safe from not only yourself.. but from her love for you... Keep it inside and only allow the interest/ dividends to be withdrawn every month as the maximum quota. Also, ideally, the amt that the interest/ dividends/ rental yields that is acquired each month shld be enugh for you to live your current lifestyle the way it should be even if you lose everything that you have in the market. Or at least from the issue of having problems meeting your needs. Also, ensure that you never over leverage/over gear because in the end, the market (they) will always find you out.. and crush you underwater (victor niederhoffer education of a speculator) and you will be left with nothing like a hoodoo. Speculating is one thing.. gambling with your life and your love ones is another.. Keep your money safe and nothing losing is already winning. Be sure in what you invest in.. if you can read pages and pages and months to research to even purchase a house / car.. what more about your life savings and your love one's security and future? shouldn't it warrant even more time and effort put into it? This is a template i drew up as according to my own knowledge that i have acquired though little... i hope it is useful to some for money managment (MM) Example: Year 1: Starting savings : 100k Investing funds: 50k Savings locked up and out of reach to oneself and for interest and solely interest 50k . Of that 50k In investing funds: 30k into long term blue chips holding stocks for dividends or interest. 20K on speculation/contra and margin. Given that 30k is paid 7.25% p.a. corrected after inflation for payouts (i/r or dividends) : 2175 Given that the stock market rises on average 14% (high figure average is 12%) without a crash your 30k is now worth : 30000+ 4250 = 304250 20K for margin/ contra trading: Actual leverage of 4:1 = 80k for trading purposes. Per trade shld only involve not more then 10-15% of your leverage. Per trade =8k worth of stocks. or 4 lots genting 7% of 8k = 560 = Stop loss or limit for profit taking... Granted you do well and you make on average of 3% of your contra leverage pricing per month (WHICH IS REALLY GOOD) = 80K x 3% = 2400 After 1 year = 2400 x 12 months = 28800 + your orginal 20K = 48800.. 50K savings with a Interest rate of 1.25% = $625 Total profits for the year = 28800 (contra) + 4250(blue chip stock rises) + 2175(dividend pay out) + $625( interest rate for the other 50k in the bank) = $35850 Total profits per month = $2987.5 (35850/12) = Total profits per month as a percentage of amount invested: 100K / 12 months = 8333.3333 or 8333 -> 2987.5/8333 = 0.35 or 35% per month returns.. WAYY HIGH but achieveable. Total profits as a percentage of amount invested for the year: 35850/100000 = 0.3585 or 36% (even hedge funds .. respectable ones give back a return of 20-30% and on good years maybe 35% but so far george soros quantum funds and warren buffett has consistently only return 12.5% per year for the last 30 years++ ) So a 36% increase per year all the time is impossible... just FYI ... That should be the way money should be managed BAR NO losses.. NO CRASH and NO BAD BUYS... but we all know that is just plain bull shit.. but in general if ceterus paribus and pareto optimality is achieved, this is the way you are suppose to ROLL YOUR MONEY.... Starting of year 2. 100k + 35850 = 135850 .. WASH RINSE AND REPEAT till the passive income of your blue chips.. dividends and i/r from half the savings gives you a comfortable lifestyle with which you dun need to work and you dun need to worry if your other Margin leverage crash and burn . Hope that helps... i tried my best to give everything to the best of my ability and accurate as according to what i remembered.. dun flame me if the data is abit off.. I took time off to write this :P |
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Gaecia
Elite |
03-Jan-2011 23:41
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dan, can u pls tell bladez that you don't actually park 100% of your savings into equities? That is his definition of mau (in the past). | ||||||||||||
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Leinadgnow
Senior |
03-Jan-2011 23:40
Yells: "Retired" |
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also, btw, if HSI and SZ rise so much over 2% how not for the china S chip not to rise? that aside, dmx tech and china hong xing has a range of 0.395 - 0.425 and 0.145 - 0.175 usually... when the market is good... that is the range.. when the market is bad.. u see the lower range.. so when the market is bad and it is about to rise.. u just go in dmx and hongxing and then wait for market to rise.. wash .. rinse and repeat.. it's kinda like free money.. at least that is for me la.. I dun wanna argue/ dun wanna comment on alot of posts because i am too tired and i have no time due to stupid school lol ... but that aside, u just trade the range for some stocks.. enuff money for you already.. bladez.. i think u focus on those to earn back ur 5k first.. dun let the fear of the market ruin you from trading properly when there's an opportunity.. fear stifles and fear makes u a less proficient trader.. i know this is a very controversial statement.. but yeah .. it's my own view.. :) |
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bladez87
Master |
03-Jan-2011 23:39
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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haha! read half and donno the other half is dangerous! ok will not mau. i mau gaoxian instead. with real cash XD. if this is really osim in the making, worth the try. |
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Leinadgnow
Senior |
03-Jan-2011 23:37
Yells: "Retired" |
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aye bladez dun siao .. i repeat what i told Jfierce about 2 weeks ago.. then u read the full message first.. zzz DUN ANYHOW QUOTE ME OR BUY HOR
Hello Daniel, sent you a mail some time back, not sure if you saw it.
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bladez87
Master |
03-Jan-2011 23:24
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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eh just curious, why chinagaoxian chiong so much ah? they dual listing also ah? quite sad leh, my watchlist all green but i not vested |
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eastcivic
Elite |
03-Jan-2011 23:24
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Currently dow has a triple digit gain :( don't really like it when dow chiong so much... :( |
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bladez87
Master |
03-Jan-2011 23:18
Yells: "I AM PAPER TRADING AFTER LOSING 5k!" |
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OK!i going to mau chinahongxing at daniel recommendation! |
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iPunter
Supreme |
03-Jan-2011 23:14
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You must be joking... and presumptuous too... I only look at the screen occasionally while I multi-task in a lot of other things... Anyway, thanks for the concern...
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Gaecia
Elite |
03-Jan-2011 23:03
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ipunter expert, whoa u don't u need to take a break & dinner..!? Cannot always stay glued to the pc for so many hours a day, ain't good for health & your eyesight.
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belgeran
Veteran |
03-Jan-2011 22:41
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hmm okays.. thanks for the reply =D
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iPunter
Supreme |
03-Jan-2011 22:34
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I consider probability in stocks as a highly subjective matter... simply because not all the important variables which influence human response are known. Thus, even with best reckonings with chart patterns, etc, are just good bets and noting more. |
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belgeran
Veteran |
03-Jan-2011 22:22
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ehh~.. can i side track?..haha.. ipunter, ye saying it may go down, its because the probability weighs more towards that possibility?.. :x
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lowchia
Veteran |
03-Jan-2011 21:41
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On Monday, Genting SP broke the resistance at $2.20 and closed at $2.22 with regular volume of 72.48 million shares traded. A white candle stick with little upper/lower shadow affirms that traders were buying up the stock but took profit at the last moment before market closed. Both RSI & MACD are bullish as RSI continue to trend upwards. Important Resistance of Genting SP: $2.28 Immediate Support of Genting SP: $2.20 Currently prices are supported by the 20/50 days MA at $2.15 Genting SP broke out of the ascending triangle that demonstrates the bullishness of the investors as Macau reports good earnings results today. However..............READ MORE |
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Leinadgnow
Senior |
03-Jan-2011 21:24
Yells: "Retired" |
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jfierce.. u asked me before about china hongxing and i told you my views... did you hold? :D | ||||||||||||
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iPunter
Supreme |
03-Jan-2011 20:58
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Long-term investment is good only when one buys a company's shares at a low price before it has risen. After it has risen from the lows, it is subject to wide fluctuations in price throughout the company's lifetime. As a newbie it is not easy for you to know when is the best time to buy. Even the most seasoned fund manager have to scratch his head about this. But fund managers normally 'play' with money which is not their own. Shares can build wealth only when one buys and sells them at the right time.
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crystal1818
Veteran |
03-Jan-2011 20:49
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Thanks, iPunter. Why don't play shares as it's the only way to grow our wealth?
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iPunter
Supreme |
03-Jan-2011 20:23
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I think you are a sensible thinking person.
Stock play is not such a simple thing as appear on the surface.
Psychologically speaking, it is a highly complex undertaking,
even to seasoned stock veterans. |
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iPunter
Supreme |
03-Jan-2011 20:21
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I think you are a sensible inking person. Stock play is not such a simple thing as appear on the surface. Psychologically speaking, it is a highly complex undertaking, even to seasoned stock veterans.
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Gaecia
Elite |
03-Jan-2011 20:12
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You talking to moi also, don't play play & sng sng? |
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