Thursday, 4 June 2015
Your Investing Strategy? Depending Who You Ask???
When you ask those successful retail investors who have $X,XXX,XXX net worth what are their current investing strategy?
What is the expected answer?
Wealth preservation and passive income as cash flow for liquidity needs and re-invest the leftovers. Right?
When you ask those successful retail investors who have $X,XXX,XXX net worth; but have started off with $XXX,XXX or $XX,XXX what are their past investing strategy?
Still same answer?
For investing strategy and goals, let your Future You thank you for doing it right at the start. For younger ones, there will be few market cycles ahead of you. So don't waste them.
Always ask the right questions to come to the right conclusion for yourself. Your future will come from your past and current You.
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Don't ask someone sitting high up on the tree what did they see when you are on the ground?
ReplyDeleteCW,
DeleteReminds me of what my ah ma said to me in Teochew when I was much younger:
上山不问下山人
The wisdom of your post may take some time for the younger ones to figure it out for themselves ;)