As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons 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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Wednesday, 7 December 2011

Ride motor-bike risky? No risk, no risk, no risk

Read? Minimise risk by picking the rider who is more likely be cautious

I was asking my married colleague who have young kids why he is still riding motor-bike?

It is common folks wisdom that riding on motor-bike that does not support by itself on two wheels is a dangerous act to perform on the road. Most of the time, motor-bike riders got killed not due to their own mistakes but due to other road users' mistakes. My colleague replied that he is very careful and confident; and he thinks that he handles his bike well and feel safe. One can feel safe  but that doesn't really take away any risks. Absolutely nothing!

Same as investing in stocks. There are some common folks wisdom on risks like speculating heavily on S-chips; investing heavily into one counter or one sector, or using highly leveraged instruments to speculate to become rich faster. So are you motor-bike rider in the stock market?

1 comment:

  1. Looks like i am. But occasionally i will dabble in Car and Lorry. :P

    ReplyDelete

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