Read? Passive Income??? Why must have more of it!
What is Passive Income?
First, See it for yourself.
Where does passive income come from?
Second, Measure it.
What do you need to do to get it?
1. Return per Unit Time (What is the dollar value for monetizing your waking time?)
2. Return per Unit Stress (How stressful for you to get paid for doing it?)
Even begging for money is not passive income. Right?
Posts
Uncle. ...u hv not been buying shares since 2014 ah...really ah...U not play technicals meh?
ReplyDeleteOnce I thought I have become an expert after reading so many TA books and done so many back testing and even modify and develop new TA indicators; but only realize I am the Fool in the making.
DeleteThe real big money comes from exactly what Jesse Livermore said long, long ago ....
Right and Hold
How u know when u r right and continue to hold?
DeleteThis is16K question.
DeleteOne needs to follow quarterly earning announcement and follow its fundamental trend.
Not easy. Definitely not passive income
I always tell the students in business school they’d be better off when they got out of business school to have a punch card with 20 punches on it. And every time they made an investment decision they used up one of those punches, because they aren’t going to get 20 great ideas in their lifetime. They’re going to get five, or three, or seven, and you can get rich off five, or three, or seven. But what you can’t get rich doing is trying to get one every day. ~ Warren Buffett
ReplyDeletePassive or not might be subjective but I more looking for potential "multiple" income ;-)
ReplyDeleteI don't think it means you don't need to realize your profit and just hold forever. Look at this quote from Sir John Templeton - "The time to buy a stock is when the short-term owners have finished selling and the time to sell a stock is often when short-term owners have finished their buying.". Have fun, guys! :)
ReplyDeleteI also play many Rounds of XXXX.
DeleteRound X, Round XX,...
Later SMOL buay tahan again!
What is SMOL? :)
DeleteSoon he will come :-)
DeleteI still don't get it, uncle. :)
DeleteSMOL, where are you?
DeleteCW,
ReplyDeleteWah lao eh!
He is your reader lah. Deal with it ;)
Eh, I only say I buay tahan your "big trumpeting".
You worse than my girlfriend! Cannot just add fictitious crimes on my head like that one...
I where got against trading for kopi money?
You har!
LOL!
TA or FA, they all based on what have happened then you invest. You choose your poison and you shall be happy about it. Don't you?
ReplyDelete