Read? Investing Lessons From Conversation With Uncle8888 (1)
Even you are NOT keen in active investing (DIY); you still need to fully understand the most important chart in CW8888's blog on wealth formula!
Wealth = Asset value + Cash flow!
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Singapore stocks hit new highs while Chinese markets surge: Weekly Market
Recap
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This week’s Money Diaries interview with a finance professional struck a
chord. In the first of our new series on Singaporeans’ financial habits,
our gue...
3 hours ago
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