Like most Sundays, I was flipping through thesundaytimes papers at air-con KopiTiam while having breakfast with Kopi-O siew dai.
As usual there will be some Stock Gurus advertising how easy they can teach you to make money from the stock market and you can reach financial freedom by following their method but firstly you have to put $X,XXX in their pocket.
On Pg 3, I can't really miss reading off the bold-worded of easy trading in the stock market.
Let recall what did I joke about ... Read? Hey! Are you good at stocks? (2)
Getting an education in University of Stock Market is like this:
- Successfully completed ONE cycle of a) bull-bear-bull or b) bear-bull-bear
- Awarded BSM (Bachelor in Stock Market)
- Made tons of money - 1st Class Hons with Distinctions
- Successfully completed TWO cycles of a) bull-bear-bull or b) bear-bull-bear
- Awarded MSM (Masters in Stock Market)
- Successfully completed THREE cycles of a) bull-bear-bull or b) bear-bull-bear
- Awarded Ph.DSM (Ph.D in Stock Market)
A PSLE guy in the stock market teaching newbies at a fee on subject even BSM or MSM may from time to time having problem to earn decent returns from the stock market.
Beware! Financial education is not a regulated market. There is no minimum qualification or experiences required to claim that you are a stock, financial or investment genius. Anyone can claim that they are the like of Tiger Wood in Golf or Warren Buffet in Investing.
Hard Truth on making money from stock market - Real Person that I have know
Few days ago, I have learnt that one woman who was doing well and making good CAGR of 2X%+ during 2008 till mid 2010; but recently her CAGR has dropped from 2X% to 11% due to lack of actions in the stock market as cash on hands doesn't generate the desired returns. She is still doing her Primary so it may be expected.