During the recession time, investors or rather be called as speculators were fear of loss money in stock market or commodity market and got themselves out from it in order to stop bleeding.
If you were smart enough or having high Financial Intelligence, recession was the best time for you to get into the market and sweep the stocks as much as you can(must prepare well and know what are you doing before entering the market).
This was how Warren Buffet and George Soros made money through market over retail investors reactions.
But shall we act like them to become the most successful investors?
My answer is, depends on you as no advice is the best unless you found the one which suits for you. I would not take others' advice easily because I should know that everyone has the different way in thinking and no standard can be made after the teller speaks out the things.
We must find a suitable way for ourselves to avoid over-following. I admire Buffett even Kiyosaki but I do not really follow what they say and actually choose some of the advice which I think it would suit to me.
Kiyosaki has changed the way I thought for my future. He changed my mindset as I only realized lack of financial education is the worst. To be success, change in mindset is the key. Kiyosaki prefers using good debt to make money if you are able to manage the high leverage risk
Buffett has taught me how to be an investor, and how should an investor act during the bull or bear market. Fundamental analysis and businessman-thinking-way are the ways to make it. To be success, rational is the key. Buffett doesn't like making money by debt and cash is the only safety way.
Both of them have some differences and similarity, but both of them are great. They have changed a lot of people including me.
In order to success in this century, keep learning. Do not stop doing that. At last, If you do not know what you are doing, no asset can make you rich. Ultimately, what makes you rich is your financial intelligence. Your greatest asset is your brain — so take care of it and protect it from bad advice.
Friday 24 February 2012
Saturday 18 February 2012
Excuses are the obstacles
I am sure that everyone has own excuses when asked to learn investments though they keen to be financial freedom, perhaps able to buy wanted anything .
Many times I had doubted on my own ability to be an investor, from the aspect of capital and relevant knowledge. When I reviewed each of them, I was actually stopping myself from being a successful investor as I kept on giving some "excuses" to myself that I would not have such capability. Realizing that capital can be accumulated through self-discipline---never buy things that I do not need. Relevant knowledge can be obtained through given information or sources in Internet.
I often tell people that do not limit yourself as long as you have always got the opportunities to be success if you are able to realize it. Fear of risk would not help you much in the business. Risk could be managed by full preparation of right attitude, different way of thinking and appropriate action to be taken.
Even a cleaning worker can be an entrepreneur in one day if he or she has the determination to be success. Once you have the determination, every problem that could be faced would not be the failure reason anymore.
Successful people solve problems not blame the problems. Learn how to solve and stop blaming. The biggest obstacle in stopping people being success is the never-ending excuses.
Many times I had doubted on my own ability to be an investor, from the aspect of capital and relevant knowledge. When I reviewed each of them, I was actually stopping myself from being a successful investor as I kept on giving some "excuses" to myself that I would not have such capability. Realizing that capital can be accumulated through self-discipline---never buy things that I do not need. Relevant knowledge can be obtained through given information or sources in Internet.
I often tell people that do not limit yourself as long as you have always got the opportunities to be success if you are able to realize it. Fear of risk would not help you much in the business. Risk could be managed by full preparation of right attitude, different way of thinking and appropriate action to be taken.
Even a cleaning worker can be an entrepreneur in one day if he or she has the determination to be success. Once you have the determination, every problem that could be faced would not be the failure reason anymore.
Successful people solve problems not blame the problems. Learn how to solve and stop blaming. The biggest obstacle in stopping people being success is the never-ending excuses.
Sunday 5 February 2012
My Portfolio
Unexpectedly, I have chosen some very little-known companies like CAB Cakaran, a farming and food distributing company, it also sells frozen foods and franchising restaurant.
As a consumer product type company, it has some market share. Something that I am very confidence with it is the company management team---all are Malaysian-Chinese. I am not racist. The fact is Chineses are more proficiency in managing a company compare with Malays. The company has very low share price which is RM0.37 per share. This is very low price in the Main Market!!
By spending RM 37+ I can be a shareholder of this company (just kidding, perhaps I am not going to hold only 1 lot, 10 or 20 lots above are better.) Anyway, I have not really understood well about this company, so I need some times to go and research it. Low P/E is the main reason it attracts me.
Another company is MNRB, the only one local General Reinsurance holding company. When I saw the word of "Reinsurance", I was like a standard one child---what does it mean? According to the explanation of the information, reinsurance is the back-up of insurance company, it means that reinsurance is the insurance of the insurer. Example, I buy a policy which worth RM 2000 from a insurance company, then the company would not absorb all of this, so they would invest (or buy insurance?) in reinsurance company in order to share the risk if there is any compensation,
Very complicated? Never mind, I would keep on researching them to ensure that I know them very well.
My portfolio of 2012-2014
1) CAB Cakaran
2) MNRB
As a consumer product type company, it has some market share. Something that I am very confidence with it is the company management team---all are Malaysian-Chinese. I am not racist. The fact is Chineses are more proficiency in managing a company compare with Malays. The company has very low share price which is RM0.37 per share. This is very low price in the Main Market!!
By spending RM 37+ I can be a shareholder of this company (just kidding, perhaps I am not going to hold only 1 lot, 10 or 20 lots above are better.) Anyway, I have not really understood well about this company, so I need some times to go and research it. Low P/E is the main reason it attracts me.
Another company is MNRB, the only one local General Reinsurance holding company. When I saw the word of "Reinsurance", I was like a standard one child---what does it mean? According to the explanation of the information, reinsurance is the back-up of insurance company, it means that reinsurance is the insurance of the insurer. Example, I buy a policy which worth RM 2000 from a insurance company, then the company would not absorb all of this, so they would invest (or buy insurance?) in reinsurance company in order to share the risk if there is any compensation,
Very complicated? Never mind, I would keep on researching them to ensure that I know them very well.
My portfolio of 2012-2014
1) CAB Cakaran
2) MNRB
Saturday 4 February 2012
Target in this semester
Second semester in Degree is not tough as I think or maybe I have yet to face the challenge and trouble that could mess me up.
Some subjects tend to be easy like Macroeconomics, I learnt it during my foundation life. The subject has no assignment to be done, instead, there are going to have 2 mid-term tests. So I may aim it at B or B+.
Managing Information, another nightmare for the most students, could be my biggest challenge in this semester. I am extremely weak in Technologies or Information. It makes me worry about my approval of PTPTN loan as I would not get the loan if I were going to fail the subject.
Anyway, now I have a little bit capital to invest. Although it is insufficient for me, but I am trying my best to save more money. At the same time, everything about the share investment and information should be learned and understood well before I start investing.
For this semester, I wish to have RM 1000 capital first. Perhaps in the end of the year, I might have RM 2000 capital.
Some subjects tend to be easy like Macroeconomics, I learnt it during my foundation life. The subject has no assignment to be done, instead, there are going to have 2 mid-term tests. So I may aim it at B or B+.
Managing Information, another nightmare for the most students, could be my biggest challenge in this semester. I am extremely weak in Technologies or Information. It makes me worry about my approval of PTPTN loan as I would not get the loan if I were going to fail the subject.
Anyway, now I have a little bit capital to invest. Although it is insufficient for me, but I am trying my best to save more money. At the same time, everything about the share investment and information should be learned and understood well before I start investing.
For this semester, I wish to have RM 1000 capital first. Perhaps in the end of the year, I might have RM 2000 capital.
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