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How do we know we are Value Investors? (2)
Method, Mind and Money Management
Time for you to hear from the brightest ones from Asia
Know Thyself
"When it comes to investing," Schloss advised, "my suggestion is to first understand your strengths and weaknesses, and then
devise a simple strategy so that you can sleep at night! (Read
Uncle8888's Pillow Strategy)
Remember that a share of stock represents a part of a business, and so you need to understand its financial before making a judgement. When you have made a sound decision,
make sure you have the courage to stay true to your convictions and not let the market affect your emotions, After all, investing should be fun and challenging, not stressful and worrying. (Uncle8888 shared this little secret with you, when the next Bear comes, every day wears tight underwear. How??? Easy leh. Buy underwear with one size smaller lo.)
External Sunshine of the Value Mind
V-Nee-Yeh
Yeh said: "I think many investors and even investment books like to discuss what the right investment style or method is, but I do not think we should get too bogged down with what is right or wrong way in the first place. Instead, it is more appropriate to understand oneself before deciding on a specific investment style.
"If you are a
calm and patient person, then
value investing approach may be right for you; but if you are
jumpy and aggressive, then a
more trading-oriented style may be more suitable. Investing is not about finding a fixed form, but about
understanding your temperamental compatibility towards investing and improving your strategy through time and experience. otherwise, you are always against yourself!"
Wait!
Uncle8888 has something to say ...
If you like to count money on quarterly basis, then income investing on S-REIT is good for you.
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Clearly Know What You Really WANT or NEED; you may be financially better off!
Very true words from VneeYeh. I always wanted to start as a value investor not a trader. However i cannot not admit that the daily movement of price does affect me.
ReplyDeleteLucky fromthe day i started investing, my account has issues selling of stock. (It still is now)
I guess thats a blessing in disguise.
"my account has issues selling of stock. (It still is now)"
DeleteI don't understand why yr account doesn't have SELL option.