I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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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?






 


Posted by Createwealth8888 at 23:50
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6 comments:

  1. Fat88Trader20 January 2013 at 09:15:00 GMT+8

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

    ReplyDelete
    Replies
    1. Unknown21 January 2013 at 21:35:00 GMT+8

      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. CreateWealth888821 January 2013 at 22:09:00 GMT+8

      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. CreateWealth888821 January 2013 at 22:27:00 GMT+8

      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. Wealth Journey20 January 2013 at 15:17:00 GMT+8

    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. Anonymous25 January 2013 at 09:58:00 GMT+8

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

    ReplyDelete

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