As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 13 January 2009

Increasing your FQ - some words for the lost investor who knocks here


 
Think for a moment about IQ. Most of us associate the concept of IQ — the intelligence quotient — as a measure of intelligence in terms of a capacity to solve problems. So too with the concept of ‘FQ’ — the financial quotient. It is a measure of financial intelligence. It embraces intelligence in the same way as IQ, obviously with a narrower focus. However, it does represent a whole way of thinking made up of a number of parts such as overall fitness, credit intelligence and budgeting intelligence.

Unlike IQ, you born with it, don't think you do much about it. However, you can definitely over time increase your FQ to transform yourself from being a Lost Investor to an Informed Investor. It is ONLY you and yourself can make it happen.

Start with reading Financial books, slowly over time develop that habits. The next time you visit NLB, stop at Finance section, pick up 4 books to read and set yourself a target to read at least 20 books by end of 2009.

After achieving high FQ, next you will build up emotional strength and your Game of Strategy in building your financial road map to success or even your final goal of financial independence.

Isaac Newton once commented that if he had seen farther than others, it was because he stood on the shoulders of giants.

So where are the shoulders of giants? They are hidden in the pages of books, and in the minds of other Informed Investors. Seek, and you may find.


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