As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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

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Monday, 17 August 2015

Are you really learning HOW to fish?


 Read? Are you really learning HOW to fish? 

 People take course you take course.

Some become their own shepherds and now take wool from others.

You?

Still giving wool... 

Who has got "it" and who still clueless?




After more than decade of reading investment and finance blogs of "people take course you take course".

Basically, there are two types of course available for you.

One, fishing course. They teach how to do active fishing. 

But; fishing is never easy!. 

If you can't do well in fishing; what will you do next?

You can go and take crabbing course. Crabbing is passive. Not much action is needed. You throw down your crab traps into sea and waiting patiently for quarterly or semi-annual crab's roe.

 
 

4 comments:

  1. CW,

    There is a 3rd way used by landowners since biblical times - they hired shepherds to look after their flock ;)

    ReplyDelete
    Replies
    1. That one also need to attend course. Right?

      Delete
    2. CW,

      To me, there's 3 options:

      1) DIY - for those who like to fish!

      2) The "no brains needed" passive approach - your crabbing analogy.

      3) Then there's the outsourcing - the landowner way. (But need to be a good judge of people)


      To me, there's no such thing as taking a "course" on how to be a landowner (entrepreneurship). Mentoring/coaching yes. But definitely not something we can take exam and we will automatically be "entrepreneurs.

      Same for financial literacy - its not something to study and take exams, score distinctions, and we will be successful investors/traders ;)

      If it were so, then all those with MBAs and CFAs would be financially free! No?

      Delete
    3. Yalor. Like my Finance Mgr who doesn't invest. She said she is finance mgr and NOT investment mgr. LOL!

      Delete

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