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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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

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Saturday, 19 January 2013

Grand old investor and gambler???


Just For Thinking ...



Tonight, I happened to sit beside one 80+ Grand Old Uncle who has been investing and gambling in the market on stocks, Forex, Gold and Crude oil since his younger days at a Dinner reception.


To him, you are either holding (investing) stocks for yield and over long run you won't lose money or you are gambling in stocks, Forex, Gold or Crude oil. When you gamble, you must know how to run fast; otherwise, you will get killed!



No yield = Gambling???

What do you think?






 


6 comments:

  1. Yes, no yield = Gambling, sound advice from a Grand Old Uncle.

    ReplyDelete
    Replies
    1. Berkshire Hathaway (US Company owned by Warren Buffett) has only provided a fraction of a percent in yield since 1962... but it has appreciated vastly beyond normal expectations ie. $11.50 in 1962 to $143,520 on 18 Jan 2013, for a total profit of 1,247,900%!

      so, no yield = gambling?

      Delete
    2. Warren Buffet collects yield from his invested companies and re-invest these yield to grow further; but he himself doesn't need money from yield and he also expect his shareholders don't need money too.

      Buffet likes yields but don't like to give out yield. See the difference.

      Delete
    3. We should not be looking at Berkshire Hathaway as commercial or business entity producing goods or services. It is more like Investment Institution.

      Delete
  2. From investopedia, http://www.investopedia.com/ask/answers/09/difference-between-investing-speculating.asp

    But for me, i think all are called SPECULATING, not gambling. hehe..

    Once you put your money out in the stock market and hope/think/believe the price will rise based on fundamentals or technicals, it is SPECULATING the price movement of the stock.

    But who cares.. 白猫黑猫,会catch老鼠的就是GOOD CAT

    ReplyDelete
  3. Is holding property for long term also speculating? Especially in Singapore, a tiny "RED DOT"?

    ReplyDelete

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