maximize wealth
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Besides working ur hearts out for that monthly salary to br put in ur sving a/c...wat other means for inflow of other incomes...i have friends whom are willing to take the risks by investing tons in stocks, bonds and unit trusts..does all these really make a person rich. Is there really such a thing as a millionare employee.
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dun ask me, ask ocbc........Originally posted by ~JohNy^BraVo~:Besides working ur hearts out for that monthly salary to br put in ur sving a/c...wat other means for inflow of other incomes...i have friends whom are willing to take the risks by investing tons in stocks, bonds and unit trusts..does all these really make a person rich. Is there really such a thing as a millionare employee.
.....literally.
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noOriginally posted by ~JohNy^BraVo~:Besides working ur hearts out for that monthly salary to br put in ur sving a/c...wat other means for inflow of other incomes...i have friends whom are willing to take the risks by investing tons in stocks, bonds and unit trusts..does all these really make a person rich. Is there really such a thing as a millionare employee.
millionair employees are rare
and the point here is not being a millionaire.
its financial freedom
2 different goals -
You should set aside about 30% of these income to invest. Depending on how much risk you wanna take, you can invest in penny stocks(short-term) or blue chips(usually long-term). Also, do not only invest in one sector. You should diverge and invest in a basket of stocks from the different sectors to minimise risk.Originally posted by ~JohNy^BraVo~:Besides working ur hearts out for that monthly salary to br put in ur sving a/c...wat other means for inflow of other incomes...i have friends whom are willing to take the risks by investing tons in stocks, bonds and unit trusts..does all these really make a person rich. Is there really such a thing as a millionare employee.
However, if you are not so much of a risk-taker, you might think about investing in bonds or unit trusts, which may take a longer period before you see your gains but is much steadier, meaning even if you lost, it wouldn't be as heavy a penalty to pay as if you invest aggressively.
There are also various insurance policies that are useful to investors. You might want to check them out. Or you may want to seek a financial advisor for advice for saving, investing, and insurance.
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Hello.... if u can make thousands with investments, would u still WORK???? DUH !!!! please don ask stupid questions !!
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Originally posted by stoner:Hello.... if u can make thousands with investments, would u still WORK???? DUH !!!! please don ask stupid questions !!
yah hor... quite true leh... haha... but end of the day, if you are doing investment, you better make sure what is your time frame, risk tolerance as well as investment objective... all these depends on what you wanna invest, then again, hard to become millionaire la... maybe a little bit richer only loh...
just my 2 cents worth... -
Its not a stupid question at all, a fren of mine recently made 100% in 4 days on an IPO that doubled on launching, all in all it was about 20 k profit in total.Originally posted by stoner:Hello.... if u can make thousands with investments, would u still WORK???? DUH !!!! please don ask stupid questions !!
Investing can make u quick bucks if you got the cash to play with. But you also have to be willing to lose that if things go sour. -
i think that u must spread ur risk evenly as in investing in different kinds of stocks, equity or bonds, provided that u have reserved funds to back it up[/quote]
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I invest about 50% of my income. That is because I am still young and doens't need to support a family.
Cannot just work and work and don't save. Cannot just save and save and don't invest.
Must do all three! work, save and invest. -
Basically there are 2 sources of income. Active & Passive. Active income is that u use ur time to earn money. While Passive is u can earn money without being there. Rich people depend mainly on passive income. Passive income includes investing, writing of books and having ur own business. Writing of books can make u rich if your book is good. If u earn 3 bucks from selling a book, and its a good book (selling 2000 copies a mth). U will earn 6000 bucks more a month. Having ur own business, is that people work for u, u just have do oversee. But during the begining, u have to work on the management plan and some out stuff. Before u need not be thereOriginally posted by ~JohNy^BraVo~:Besides working ur hearts out for that monthly salary to br put in ur sving a/c...wat other means for inflow of other incomes...i have friends whom are willing to take the risks by investing tons in stocks, bonds and unit trusts..does all these really make a person rich. Is there really such a thing as a millionare employee.
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LOL exactly what Adam Khoo said in his seminar, u've been to his seminar b4 huh?Originally posted by marzguy:Basically there are 2 sources of income. Active & Passive. Active income is that u use ur time to earn money. While Passive is u can earn money without being there. Rich people depend mainly on passive income. Passive income includes investing, writing of books and having ur own business. Writing of books can make u rich if your book is good. If u earn 3 bucks from selling a book, and its a good book (selling 2000 copies a mth). U will earn 6000 bucks more a month. Having ur own business, is that people work for u, u just have do oversee. But during the begining, u have to work on the management plan and some out stuff. Before u need not be there -
Success depends on several factors, according to my equation.
Success= 10% Other elements + 41% Talent + 49% Luck.
Investing to me......well, if you can top the 41% talent, you would still need luck to be successful. -
Is there any webpages that have useful information about investing. I know nuts about it.
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LOl, BINGO!! Yup, Adam Khoo is a very cool guy. Learned alot from his seminarOriginally posted by VivId CrItiQuE:LOL exactly what Adam Khoo said in his seminar, u've been to his seminar b4 huh?
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warren buffett made his fortune from investmentOriginally posted by stoner:Hello.... if u can make thousands with investments, would u still WORK???? DUH !!!! please don ask stupid questions !!
and now he is the world 2nd richest man behind billgates
how do u explain this? -
how do u explain the fact that the top dogs in the Forbes are innovators and inventorsOriginally posted by soulness:warren buffett made his fortune from investment
and now he is the world 2nd richest man behind billgates
how do u explain this?
but then a business is a by product of a investment in education and risk -
explain wat? anyway i was asking the other guyOriginally posted by ntu slacker:how do u explain the fact that the top dogs in the Forbes are innovators and inventors
but then a business is a by product of a investment in education and risk
and u suddenly came and popped up the qn
maybe if u cant explain just dont reply loh
nobody will say u stupid -
Sorry I think you got me wrong.Originally posted by soulness:warren buffett made his fortune from investment
and now he is the world 2nd richest man behind billgates
how do u explain this?
I totally agree that investment can make you filty rich and I also agree that warren bufett is a dam smart millionaire.
I am just suggesting that "Who would be so stupid to continue working for that few THOUSANDS if he has made his mark through Investments." -
warren buffet started of rich enough to invest... for rich people very easy to get richer...Originally posted by soulness:warren buffett made his fortune from investment
and now he is the world 2nd richest man behind billgates
how do u explain this?
poor people can still do it but it will take longer...
dun use stocks & shares... unless u can take a few losses without going bankrupt... -
Is she rich? Is her wealth maximised? LOL!Originally posted by Evil Clown: -
thats quite true.Originally posted by SilentNSly:warren buffet started of rich enough to invest... for rich people very easy to get richer...
poor people can still do it but it will take longer...
dun use stocks & shares... unless u can take a few losses without going bankrupt... -
hm i always thought his main wealthy comes from investmentOriginally posted by SilentNSly:warren buffet started of rich enough to invest... for rich people very easy to get richer...
poor people can still do it but it will take longer...
dun use stocks & shares... unless u can take a few losses without going bankrupt...
maybe i was misinformed
lol -
erm a millionaire?Originally posted by stoner:Sorry I think you got me wrong.
I totally agree that investment can make you filty rich and I also agree that warren bufett is a dam smart millionaire.
I am just suggesting that "Who would be so stupid to continue working for that few THOUSANDS if he has made his mark through Investments."
that will be the understatement of the CENTURY....
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Buy 4D lah! or lottery!