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.

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Value Investing
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Saturday, 23 October 2010

Good Part -Time Business To Own (4)

Read? Good Part -Time Business To Own (3)

Many people dream of setting up a business and I also often hear it from colleagues, friends and relatives.

What is business?

businessdictionary.com defines it as "Economic system in which goods and services are exchanged for one another or money, on the basis of their perceived worth. Every business requires some form of investment and a sufficient number of customers to whom its output can be sold at profit on a consistent basis."


Note the key points from the above definition:

  • goods and services are exchanged for one another or money, on the basis of their perceived worth
  • requires some form of investment
  • sufficient number of customers to whom its output can be sold at profit on a consistent basis."
From the key points in the definition of business, it is quite obvious that my economic activities in the stock market qualified as a part-time business as  I put in my investment for stocks; exchange stocks for money on the basis of their perceived worth and I sold them at profit on a consistent basis. Customers are never a problem.

Anyone else interested in setting this part-time business? I can share with you. No problem.

No fixed overheads and the goods are rarely perishable.

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