Just For Thinking ....
1984: Memories of the Brighton bomb
"Today we were unlucky, but remember we only have to be lucky once - you will have to be lucky always."
This was the IRA's chilling statement soon after they had carried out the attempted assassination of the British Cabinet at The Grand Hotel, Brighton, 20 years ago.
Trading for "passive income" using leverage vs Long-term investing for passive income using our own capital.
See the difference!
In trading for "passive income" using leverage e.g. selling naked options on margin account; you will have to be lucky always. One day you get very unlucky, you may blow up like this guy.
A read real life story? How I Blew Up $105,000 In My Trading Account
For long-term investing for passive income using our own capital, it is like mirror image of it.
You don't always get lucky for years; but one day, you may get lucky and grow a Money Tree that can produce high passive income for a long time.
When you have spend enough time reading, reading and reading many finance and investment blog postings over the years; but forget about those blog posts that have commercial interests in selling you courses.
Do you realise that Mr Market will always have his way to show us the right way to build our wealth from the stock market is through investing in companies growing their business revenues, cash flow and profits either through expanding, enhancing or innovating their products and services offering to their global consumers and producers?
Speculating is like playing Mahjong?
ReplyDeleteVery lucky one will win from all three losers. Winner takes all!
Very unlucky one will lose to all three winners. Loser pays all!
CNY can lose some money and still feel huat!
:-)