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
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
It is here where I share with you how I did it!
FREE Education in stock market wisdom.
Think Investing as Tug of War - Read more? Click and scroll down
CW,
ReplyDeleteAnd that's when we learn from "needle pricked the skin" way that's why emergency fund should be distinct from opportunity fund.
Not just us retail. Institutional investors felt the pain of the needle too when they have to liquidate crown jewels during margin calls or to meet fund redemptions...
In money management, we call this idea spend within your means; better still spend below your means. Another words cash flow management is very important. Even a viable business can shut down due to cash flow problem.
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