Tip of the Iceberg

Tip of the Iceberg

Attended a 3 hour seminar conducted by the famous online trader, Conrad Alvin Lim at Adam Khoo Learning Techologies Group yesterday night.

Interestingly, I listened and enjoyed every minute of that 3 hours; unlike my naps during lectures in NJC=X

I also realized that what I have learnt so far is only the TIP OF THE ICEBERG.

However, that does not discourage me from learning EVEN MORE about the art and science of investing. The very thought of acquiring this essential life skill excites me! Like I said, its not about the money, but the fun of earning it purely from NOTHING=P (other than a laptop and a few clicks of the mouse)

Question #1

Question #1

When an average investor approaches you and asks you whether he should invest in stocks, bonds, unit trusts or REITs;

what is the best advice that you can give to an average investor?

"Don't be average."

Financial Firestorm

Financial Firestorm

The bankruptcy of Lehman Brothers, takeover of Merrill Lynch by Bank of America and crisis of American International Group threw the financial world into chaos.

It is pretty much obvious that Standard & Poor 500 is still on the downtrend without showing any signs of consolidation, mostly contributed by the negative market sentiment. Even though, the market has yet fallen to its median value as the P.E ratio is still at 24.3x and considered overpriced.

Hmm patience and discipline, I must have...

"Risk comes from not knowing what you are doing" - Warren Buffett

Long Way

Long Way

My new learning journey has just started not too long ago. There is simply SO much to learn within the limited time span of 2 years. Hopefully by then I would have mastered the skills required and put them to good use. The age of 21 is such a common age limit for so many things. I used to be obsessed with efficiency but now I am taking a new interest in inefficiency, which is the very reason why others managed to achieve remarkable success.

Anyway, life is SISPEC Headquarters is really not bad. Not that kind which I really like, but guess I will get accustomed to it. Sometimes things dun go my way, but what matters is I learn to accept it and make the most out of it. Life is somehow similar to a game, where you experience ups and downs. Learn to accept the existence of 'bad' turns and it will seem alot less tough. I don't care if people find me childish despite being in the army, cause I live my life the way I want.

Its time to get rid of the Phantom menace.