Read? Investing Made Simple by Uncle8888 (6) Do we really need to know or bother the difference or characteristic in speculating (i.e. technical or craftsman or professional term used in the market; but at casino or mahjong tables, layman called it gambling)?
When we make money from one another in the market; it is a zero-sum; but we like to make it sounds more technical, smarter or professional by calling it speculating instead of gambling as there is this element of skills or craftsmanship involved in addition to just luck factors. Buying ToTo is gambling! You just need the capital of $1 and join the Queue. Sorry folks! God of Fortune is on long sabbatical. No such luck! In investing; it is speculating over longer period of time on dosages of Panadol; and more important but less mentioned by investment bloggers - Retained Profits! Read? How to become rich in stocks??? (8)
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.