There are no safe investments in this world.
Investing
in stocks is a risky operation for the uneducated. It takes more than
simple common sense and can be emotionally draining.
My
first attempt in investing was done based on chart reading, and like
every first investment, it was deceptively easy. To quote Bill Gates,
you usually don't learn much from successes. Easy successes in the stock
market are usually pre-cursors to large, daunting failures.
This
is a game which you are going to make lots of mistakes. But yet it is a
game that most small to median income earners are forced to play (I
can't speak for high net-worth individuals). After my early failed
attempts at trading, I have adopted value investing as it suits my
temperament and lifestyle.
There are successful traders
out there, but mathematically they will probably methodically cut
losses in 7/10 trades and win 3 in order to be profitable. It also must
involve leverage (borrowings) in order to make sense in trading. If you
are looking to earn 3-5K USD with trading, it is possible. It takes a
lot of heart to trade, and an apprenticeship is necessary. I possess
neither.
It is very fair, you need huge money to earn
money, be it investing or trading. And within each field, only the best
earn spectacular returns. Life is unfair in many ways but this is the
exception.
I have many, and I expect more along the
way. These failures rewarded me with lessons that hopefully will serve
me well in the future.
This blog shall serve as a collection of the lessons that the stock market offered to me, as well as my thoughts.
Pages
Search This Blog
Subscribe to:
Post Comments (Atom)
-
Obviously, this will be the final update for the year. Portfolio Return: +1.99% Straits Times Index Fund: +1.03% S&P 500: 24.25% Hong Ko...
-
Obligatory food shot for the people in InvestingNote. Just kidding. The author is vested in Cordlife, and has 6% of his portfolio "inve...
September 2024 Portfolio Update
As I wrote, Alibaba just closed another 7.3% up in one day. CSI300 index went up about 7.21% itself (at one point, it was 10%). "The bo...
No comments:
Post a Comment