yes Calvin, exactly....thats my objective...i had bought some plantation lands...but unfortunately that is also not doing well presently for reasons known...but in future it should be up...and give some peace of mind..
Probability. Expart life won’t last for long unless you are a key person holding with critical technical competency or excellent in management skills. Normally, they have a time schedule for succession or replacement of expart. Now, you are seen ready to venture a new life in stock market. Normally, we have to get ourselves fully involved in order to trigger a major breakthrough. Small matter to you.
Haha my portfolio not so big until can swing one year salary.
But definitely, i think one of the reason i study so much on investing, is because i very lazy when it comes to doing low value add work, like presentation and reports, which is most of the corporate life tbh.
I was very ambitious last time, now, not so much. Because i know investing will get me where i need to be.
No mood for office politics also. Let they all go fight, i just focus on saving 80% of my salary and investing.
With luck, by 33 and hopefully before 35, can stop working for money anymore. Just sit home all day read annual reports and books.
====== Posted by probability > Dec 28, 2018 07:12 PM | Report Abuse
yesterday i realized something....while at office....observed all my colleagues who seems to be very professional and extremely hardworking...
just for a small monthly income...
i feel i can never work like them till retiring....
the daily/weekly fluctuation on my stock investment value ...is almost the same as the whole savings we make in a year...
look at the amount of time and effort people place to earn? they spend their whole life learning new things everyday...send hundreds of mail...presentation and reports..drive to work..send kids to school etc..
...................
we investors are completely different than these people...
i think most of us have some kind of inherent defects these people dont have (some kind of laziness or gambling attitude)...this defects are the one that pushes us to make money from the market...
its like a blessing in disguise..
perhaps this answers why we have so many abnormal people in i3...
My Friend Mr Chia the lorry dealer from Jalan Kapar, Kelang, heard in the late 70s and early 80s that Airport will be built in Sepang
So he bought 5 acres of freehold lands near Sepang
30 years later Mr Chia visited me in Spore.
I asked him about those lands and how much they are worth today.
He said he has no idea as he has no intention of selling it yet. He said it must be worth a lot today.
He told me to buy lands in Johor rather than houses in early days. I think he is correct. I missed the opportunity. But it's ok. At least I bought houses when cheap
You're right. Everyone can be replaced in the work force easily, I tendered my resignation after taking too much of unnecessary shits from my ex-boss. That's my first job and I've worked for 2 years. I told myself that every job has its own difficulties and do not give up easily, always find ways to solve the problem. That's what keeps me there for 2 years.
During the 2 years, I tried to learn as much as possible from my boss, from my work, and used the spare time to read articles in i3investor, and started trading and investing. My bank a/c has only 4 figures during that time. I still remember, I looked at the menu at cafe, I was still thinking whether to add ayam into my nasi lemak, by considering the price. I'm from a humble family.
Thanks to many bloggers in i3investor especially Icon8888, it really speeds up my process to learn about the real investment and ways to analyse companies. With luck, the bull mkt in 2016 & 2017, I've made 6 figures. N with that, I don't tolerate with the shits I shouldn't be dealing with and tendered my resignation.
Many have gone through the corporate world and translate their capabilities into the market. The up and downs which most of us gone through has lead us into better placement.
China one of the toughest market to invest in. You may turn millionaire overnight.
A night stories - demotivating workplace & truth cruel of corporate.
yes fulltime investment is different from full time trading loh...!! For good traders taking fulltime career maybe ok but not for full time investor loh....!!
The way chivo talk he is bias to towards investment & not trading mah....!!
If that is true it is not productive loh...!!
Posted by qqq3 > Dec 29, 2018 01:30 PM | Report Abuse
young people should go and work....unless you really cannot tolerate your work.
a lot of working people make a lot of money from stock market by investing not by trading.....
for some one like me, no longer working, full time in stock market, I can make money trading.....but not everyone can do that......
Posted by stockraider > Dec 29, 2018 01:15 PM | Report Abuse X
CORRECTLOH....CHIVO SHOULD PUT EFFORT IN HIS WORK TOO LOH....AND GAIN PROMOTION IN HIS CAREER ADVANCEMENT LOH....!!
UNLESS U ARE A FUND MANAGER OR ANALYST U NO NEED SPEND FULLTIME IN INVESTMENT LOH....!!
USUALLY FULL TIME IN INVESTMENT IS A WASTE OF TIME MAH...!!
the best performance is by those who can make the correct calls all in or all out a few times a years at major turning points......
I could not do that with 100% accuracy in 2018, but gotten above average score on that...the objective is to that do with even greater conviction.....I experienced leakages due to too frequent buying back.....
aiyo..of course we need a mechanism of predictability to get what we want la...
these mechanism can be seen by the extra hole the casino organizers place on roulette...capitalizing randomness of outcome and the available outcomes itself
for stock market...some learns..figure out these potential outcomes with various settings..from trial n error like Icon said...from experience..from gut feelings...
this you know if you have gained the edge....if you had been surviving the market and making money...but its of no use to others...
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
probability
14,496 posts
Posted by probability > 2018-12-28 23:24 | Report Abuse
yes Calvin, exactly....thats my objective...i had bought some plantation lands...but unfortunately that is also not doing well presently for reasons known...but in future it should be up...and give some peace of mind..