tag:blogger.com,1999:blog-1602023866179666640.post7400155032920866477..comments2024-03-22T00:30:54.666+08:00Comments on Create Wealth Through Long-Term Investing and Short-Term Trading: Rich Man, Poor Man (Refresh)Createwealth8888http://www.blogger.com/profile/08563834016250153049noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1602023866179666640.post-65439242411287792472017-09-09T10:40:32.558+08:002017-09-09T10:40:32.558+08:00Absolutely true!Absolutely true!CreateWealth8888https://www.blogger.com/profile/04870750974362417154noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-9957862434030319012017-09-09T10:22:58.310+08:002017-09-09T10:22:58.310+08:00Most of us start from a little guy. How does littl...Most of us start from a little guy. How does little guy become wealthy guy?<br /><br />... But here's the ironic part of it. If, from the beginning, the little guy had adopted a strict policy of never spending more than he made, if he had taken his extra savings and compounded it in intelligent, income-producing securities, then in due time he'd have money coming in daily, weekly, monthly, just like the rich man. The little guy would have become a financial winner, instead of a pathetic loser.RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-84480105913343432432017-09-07T07:26:57.447+08:002017-09-07T07:26:57.447+08:00Thats true. Hopefully they steer their next genera...Thats true. Hopefully they steer their next generation to be as rich and wise as themselves !SGDividendshttps://www.blogger.com/profile/10774926511253473514noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-49497311351737532102017-09-06T21:11:36.932+08:002017-09-06T21:11:36.932+08:00Rich and wise will get richer
Rich and wise will get richer<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-58711595712702361162017-09-06T19:07:27.008+08:002017-09-06T19:07:27.008+08:00WB's advice for 99% of people is simply to par...WB's advice for 99% of people is simply to park your money in an index fund. He's a great fan of US economy and so he advocates S&P500 index.<br /><br />I believe in his mind, he will think that people who go around asking how to invest? What is the secret sauce? What is the guaranteed make-money trading system? Is this stock good to buy? How you select stocks? .... These are the 99% and should simply be passive investors in index funds.<br /><br />In fact for his wife, he wrote in his will that if he passed away before his wife, that all his money (mostly in Berkshire shares) should be liquidated, and 90% put into Vanguard S&P500 index fund, and remaining 10% put into US Treasuries.<br /><br />WB is a cunning businessman & he approaches investing just like doing shrewd business deals.<br /><br />When Lehman collapsed, WB targeted Goldman Sachs, the strongest investment bank at that time. GS was also having difficulty & its share price was plunging. Berkshire Hathaway offered Goldman $5B in exchange for preference shares paying 10% dividends, and warrants for 43.5M Goldman shares. GS didn't have much choice but to accept the deal.<br /><br />But WB's action also sent a message of confidence to the markets, & helped in some way to prevent a total collapse of confidence. It at least allowed GS to further raise another $2.5B by selling fresh stocks.<br /><br />By Mar 2013, Berkshire earned a profit of $3.1B on the initial $5B Goldman investment. 62% gains for 4.5 years of waiting, pretty good.Spurhttps://www.blogger.com/profile/11824813457786462446noreply@blogger.comtag:blogger.com,1999:blog-1602023866179666640.post-91439526272430210592017-09-06T09:34:06.367+08:002017-09-06T09:34:06.367+08:00Hi Uncle!!
Thank you for the wonderful insight. A...Hi Uncle!!<br /><br />Thank you for the wonderful insight. Another lesson learnt - Rich man VS Poor man. <br />Patience is a virtue and patience is a key. sleepydevilhttps://www.blogger.com/profile/03214790983822461454noreply@blogger.com