Saving matters but Investing determines - Part 2

Saving matters but Investing determines - Part 1

You work hard and squeeze yourself to save $50K each year and save that $50K into a bank. In less than 20 years, you will become a Millionaire.

But, instead of saving the $50K in a bank, you choose to invest most of the $50K saving e.g. 90-95% in the stock market. Can you be definitely sure that you will become a Millionaire in 20 years time? You can't never be sure.

LP wrote this First deserve, then desire.

Everybody who are in the stock market believe that they deserve and then desire. Those who think that they don't deserve have already chopped their fingers and stay away from the stock market as they don't desire anymore.

Mr Market is a great re-distributor of your hard earned saving. Mr Market may re-distribute part of the saving from the Smart Savers who are Dumb Investors to the Smart Investors who then become happy Spenders.

If you don't believe me. Read this: Resident wants ban on CPF cash for investments

If you have decided to invest most of your saving into the stock market instead of putting them into a bank; then it is very important to stay focus on your investment.

Your investing journey is a long road ahead to success or failure. Watch your steps carefully as any silly investment mistakes in between the journey can wipe out most of your investment. Take care and have a safe journey!