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
You must fully understand the difference between your human asset and your financial assets then you may be on your way traveling on the road to retirement income for life
ReplyDeleteJust to add...
ReplyDeleteHuman asset has self life (when you stop work, cashflow also stop), whereas financial asset is perpetual (as long as the company is earning money, the casfflow is just like a river stream).
Better still, financial assets can be pass over to your love one.
Fully agreed!
DeleteThank for your add on.
We (me too) always think of our Human asset or Human capital in terms of exchanging our time with a capitalist(business owner). Old already, die liu, no more HC left. It's true only to a certain extent.
ReplyDeleteWhat about our time in exchange of acquiring financial knowledge and learning from putting the knowledge into practice in the the investment world?
For me it's limitless until the Lord says, "Enough is enough for you".
i still love reading financial and investment books.
i visited the NLB quite often only for investment books.
(Where got time for other books?)
And, and,
Some of the books are too "cheem" (most for U educated type of books) i just flip through.
But most books i can still get something "new" to add to my understanding of the fascinating world of investment. i targeted for books that stress more on practical aspects of the investment world rather than the Alpha & Beta. It's out of necessity that i stress on practical aspects of investing (you should know why if you know who i am) though i do pay attention to the simplified ideas of Alpha & Beta in investing. i.e. due to the limitation of my IQ, i have no choice.
But i survive!
Shalom.
What I understand about the Wealth formula is WF = Money x Time x Returns.
ReplyDeleteSo the consistency and reasonable rate of returns can result in the growth of wealth