How do you plan to grow your nest egg ?? :)
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INNOVATE:
Those Big Boys (institutional players) are the market. They graduated from the Ivy League, have IQ higher than anyone of us here, have access to information faster than us, have better tools where retailer investors don't have. What is the chances of beating them?Kingster
Your statement makes sense.
Easily more than 80% of players are traders than investors. Vast majority of traders fail to recognise that the road to be a successful one requires proper education/training in the areas of finance, economics, humanities, technical analysis and psychology. IN all, their standard must be like pro inorder to compete effectively. Mny times their opposites are highly trained including ther likes from ivy league, oxbridge and other top unis with seasoned mentors after their graduation.
For retail investors, the highest chance of a comfortable retirement is still thru equities. However, must be properly trained to survive in the market.
Maybe investing in index might be a better choice. Just ride the market with them -
daddy2007:
ya index is an \"easier\" way to invest but then, investing in STI will have to be more patient compared to other indexes like HSI and Nikkei.
Those Big Boys (institutional players) are the market. They graduated from the Ivy League, have IQ higher than anyone of us here, have access to information faster than us, have better tools where retailer investors don't have. What is the chances of beating them?INNOVATE:
Kingster
Your statement makes sense.
Easily more than 80% of players are traders than investors. Vast majority of traders fail to recognise that the road to be a successful one requires proper education/training in the areas of finance, economics, humanities, technical analysis and psychology. IN all, their standard must be like pro inorder to compete effectively. Mny times their opposites are highly trained including ther likes from ivy league, oxbridge and other top unis with seasoned mentors after their graduation.
For retail investors, the highest chance of a comfortable retirement is still thru equities. However, must be properly trained to survive in the market.
Maybe investing in index might be a better choice. Just ride the market with them -
kingster:
Should be ok if you have a 10-15 years horizon. Plus you get dividends of 2-3% yield annually.
ya index is an \"easier\" way to invest but then, investing in STI will have to be more patient compared to other indexes like HSI and Nikkei.
But personally I don't like passive investment. If one invest in STI from 1999 till 2010, the annualised return is 0%
One of the lessons that I learnt from the 2008/2009 crisis is to blend passive investment with active management. Know when to cut lost -
daddy2007:
Yes I agree with that. With the boom and bust cycles getting shorter and more erratic, a buy-and-hold strategy may not be so useful. It is better to adopt a buy-and-manage attitudes towards equity during these times. That means parents have to be more financial literate these days.
One of the lessons that I learnt from the 2008/2009 crisis is to blend passive investment with active management. Know when to cut lost
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ParentingChildren:
That means parents have to be more financial literate these days.
ya... glad that MoneySENSE Singapore is doing a good job for promoting awareness in this area -
daddy2007:
ya... glad that MoneySENSE Singapore is doing a good job for promoting awareness in this area
Agreed. I participated in a few of their talks and roadshows. It is a great way to get started.
Hopefully, with the importance of financial literacy increasing, schools and MOE can help our kids become more money savvy with more financial literacy courses, something which I believe some schools have already started. -
worryfather:
Yes. It's true. It happend to a relative of mine. He is a taxi driver who has to support his sick wife and pay for her medical bills. He received notification that he could no longer use his CPF ordinary account to pay for his HDB mortgage loan even though he had more than $20k balance in the account then. He was told to service the loan by paying cash. He tried appealing to the CPF board and seek the help of his MP but both parties claimed they could not help as the Minimum sum thingy was a CPF Board's rule.
Hi DesertWind,
I heard that (if I am not mistaken), when you reach certain age, if CPF assess and determine that you wont have enough minimum sum required by the time you retire, it will stop you from paying installment using CPF.
Not sure is it true or not. anyone can confirm? -
Earn and save more by spending less. This is one of the safest ways to grow our nest egg.
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