快樂牛郎

sorry, I have a different style

快樂牛郎

Going into the stock market is like going into a candy store, once you are in, you can hardly pull yourself out.

I suggest you talk to someone qualify to discuss this. My other half convinced me to g ...
pkphilip 發表於 2009/5/28 22:45

But to determine who is actually qualified, you need to know a whole lot yourself.  By that time, you are probably qualified yourself.

快樂牛郎

Doesn't hurt to have a few qualify people and see what they are selling you.

Philip
pkphilip 發表於 2009/5/29 08:50

If you lack self judgment, phony advice can be harmful for you.

Think those uneducated seniors who bought Lehman "bonds"

And when it comes to finance, your college degree matters little.  A ph.D can be as financially illiterate as a kindergarden child.

快樂牛郎

educated or uneducated people got burned in that one...so doesn't matter..LOL
shutterbug 發表於 2009/5/29 13:11

your meaning of education could be college education

but a truly well educated investor would limit his exposure so that unless the world comes to an end, any market meltdown would not cost more than 10% of his capital

快樂牛郎

"""But to determine who is actually qualified, you need to know a whole lot yourself.  By that time, you are probably qualified yourself."""
it is partly truth.  other major factors are time & resourc ...
tofu 發表於 2009/5/30 15:03

if you don't have time, don't invest.
otherwise, good luck getting burned

I grin everytime I see someone who doesn't know anything about stocks and loses money in the market

The fees you pay to "financial advisors" are for their time to entertain you, not their "expertise" on stockpicking or portfolio management.

快樂牛郎

as a normal person, unless you are a full-time trader, who will have time to do all these after working for a full-time job, taking care of a family & socializing with friends.  if really no time, don ...
tofu 發表於 2009/5/30 17:01

May I ask what kind of qualities would you look for in an advisor? What type of advisors would you recommend to others?

快樂牛郎

as a normal person, unless you are a full-time trader, who will have time to do all these after working for a full-time job, taking care of a family & socializing with friends.  if really no time, don ...
tofu 發表於 2009/5/30 17:01

And you don't need to spend a lot of time on monitoring the market.
An hour a week is enough.

快樂牛郎

14# 快樂牛郎

would you mind sharing your experience of investing with us pls..  
how do you spent your one hour a week on the market?

cheers
tripixel 發表於 2009/5/30 22:29

I just spend that one hour on some weekly magazines

I spend the rest of my time polishing my investment strategies, not necessarily related to the general market.  Pretty much things that you can learn anytime.

I don't read financial statements.  I don't spend more than 3 mins before I invest in a stock.

快樂牛郎

IA - Investment Advisors, I know a few good ones, I made some money off from the tips they gave off.

Philip
pkphilip 發表於 2009/10/19 23:25

Good ones don't necessarily give you the right tickers
Bad ones can make you a millionaire

快樂牛郎

28# 快樂牛郎

if that's true, why don't you go find a bad one if you want to be a millionnaire?
Littleprince 發表於 2009/10/20 00:05

Do you understand basic logics?

I said, bad ones, by pure luck, can turn you into a millionaire.
Good ones, also by pure luck, can make you lose money.

What I didn't say is that you need to find bad ones who can make you money.

Investment savviness should not be mistakened for performance.
It's naive to think that you will get rich if you are skillful.
Someone with an IQ of 50 can outperform you just because he happened to buy stocks in 1993 and sold all of them in 1999.