household income

[KSP]

The concept of investment can be easily obtained by just buying some top investment guru books ~$20-$100 or by attending their talks which can be a few Ks.


But the most important is how to control our emotional during the investment process or during the up and down cycles. There are always this greed and fear that lead us to make mistakes in investment.

If everyone can be follow what the gurus say, then there will be no low and middle income groups.

[Busymom]

I buy only blue-chips too, whether market is up or down, they stay in the portfolio... not that I am a long-term investor, but because I'm always late (when I suddenly thought of selling, the market has already dropped :lol: :lol: cos' I hardly monitor them).


But late 08 and early 09 was really the time when I traded a bit (for fun!)... and boy, even after buying and selling so many times, still make just so-so money, definitely not enough for a living (but then I was also very conservative, buying only blue-chips).

Right now, kind of think it's not the best time to invest long-term yet. Maybe some people would :heresmyfish: me for saying this...

[hquek]

So easy to say buy when others are scared. Having gone through the latest round, what I can say for myself is that when times look really bad, I feel scared to dump more money into stocks.


Personally I don’t like to buy and sell the same stocks too much…excessive churn only creates profits for the broker. And I’m the scaredy type - I never shortsell, and will make sure I have enough to pay for what I got.

For now, am holding to those I have…hoping those stocks in red will become black, and those black will become…ummm, bold?

[skunk]

lovekidsverymuch:

Busymom:

So if one has excess cash, what is the best investment to put that excess cash? :?


Property (when prices seem to have gone crazy) or stocks?

take a vacation with kids to europe

good advice. A family vacation is one of the best \"investments\" ever!

[nettie]

hahaha... if we do our homework right.. then we should know what are we buying :P. some people like my aunt, they buy because they heard that this stock is good potential and all the good things. At the end of the day, ferrochina is dead!


Investment is always good but well.. you must invest the right time. and when is the right time? :idea: :?

[mummy of 2]

nettie:

Investment is always good but well.. you must invest the right time. and when is the right time? :idea: :?

This is the million-dollar question. if you have the answer, as good as having a million dollars

[tankee]

mummy of 2:

nettie:

Investment is always good but well.. you must invest the right time. and when is the right time? :idea: :?

This is the million-dollar question. if you have the answer, as good as having a million dollars

i disagree

if you have the answer, you have a lot more than just a million.

[Eagle-Ladybird]

MMM:

We were like 10 million is x number of years salary and it will probably be depleted before we are old?

It's situational, depending on the amount of expenses and rate of growth. S$10mio can last a lifetime, if managed well. With a conservative 2% growth, the capital sum of S$10mio gives you S$200k a year.

So even if you do nothing and spend S$200k a year, you will still have S$10mio at end of your life. Just that the value of S$10mio then, would have shrunk

[Funz]

lovekidsverymuch:

wow good maths that makes 10 million real good money leh

$10mil will give you about $25K/mth just on savings interest alone.

[Eagle-Ladybird]

Let me put it another way, another perspective (no harm dreaming a bit) :


Buy a $2mio property to stay, fully paid from day 1
Buy another property $3mio, and rent it out (should get you anything from $7k/mth up).

Balance of $5mio, even if managed conservatively at 2% gives you $100k a year.

So all in, $184k income per year, with no housing instalments (which is almost, always the largest outlay). As time goes by, both your property increases in value, even if your $5mio gets eaten up by inflation.

Now can you imagine if you manage your $5mio more actively to grow at 5% or 8% p.a. Decent life isn't it ?

So, the point is to aim for High Net Worth, and high income will follow. If one can accumulate such wealth, and manage it smartly, life can be a little more comfortable.

I definitely do not subscribe to the believe of money creates an evil person. In fact, the lack of it, many a times drive one into some unbelievable acts.