Read? How Much Luck in Investing Success? My Experience in 2008/09
Hmm ... like that then Uncle8888 was unlucky to read that book Rich Dad. Poor Dad at the wrong time and triggered him to seriously started his journey to Get Out of Rat Race when STI was near its high at 2583 and then crashed down to 1198.
He was lucky or unlucky? Not sure but he did learn something very important and practically true!
Do you recall any other successful retail investors telling you this?
In investing, your account size really matters; but it takes time for you to grow your account size through saving from your earned income.
How often you hear this : Start investing when you are young and let the magic of compounding works for you!
Read? Your Account Size Really Matters! (2)
Posts
Hi Uncle CW,
ReplyDeleteLOL! Yah,,, during the wealth accumulation journey,,,we may face many market cycles,,up and down ,, sometimes we win and sometimes we loss ,,,but as you said ,,,, continue saving and building a bigger portfolio is rather important to make the passive income more significant ,,and of course having a more diversify income source in vital,, :-)
Cheers !!👍👍😃😃
CW,
ReplyDeleteIt's not how we START that matters; its how we FINISH ;)
Finished and then stay in liquidity. :-)
DeleteSo should I sell my blue chip now?
ReplyDeleteWhy few brokers will recommend their clients to sell?
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