Is it Wrong not to take risks?
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Just wait and see who comes out better at the end of your lives... gamblers might end up in jail or end up killing themselves even.Originally posted by pierre^^:two days ago went our with 2 frens to vivo
den they started talking abt finances and investment in shares
so they ask me what i wan to do in future
i reply i jus wan a stable cubicle job lor, doesnt matter which company as long pay is decent enuff
so they chided me for lack of ambition
One say he going to invest in stocks, the other wans to buy up companies that are in the mindst of bankrupcy
but to be honest i tink their fiances pooled together is enuff for 1 lot of shares oni
den they started like expert saying which share good, den look at what balance sheet
Somehow in their eyes i am useless, and in my heart i am very tempted to tell them hor, i dunno see on tv how many times so called experts like them, also kana burned.. plus they haven even started investment yet
Oh ya to prove their superiority, they brag to me they reading books like making money etc.. and i only read storybooks
Sianz.. wad is wrong with stability? Can i choose the life i wan to live sia..
but i still love my frens all the same despite our differences, coz noe them for more than 10 yrs le -
stay away from the stock market unless you can afford to lose your hard earned money.
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Very true.Originally posted by NUS_Superst@r:Actually, if u look from another pt of view, ppl who aim low are less hardworking and have little improvement in their life. If at this stage, you refuse to aim high n settle for a so-so lifestyle. When the times come that your lifestyle becomes a burden for you, there will be little chance for you to make a comeback. -
it works both ways.Originally posted by NUS_Superst@r:Actually, if u look from another pt of view, ppl who aim low are less hardworking and have little improvement in their life. If at this stage, you refuse to aim high n settle for a so-so lifestyle. When the times come that your lifestyle becomes a burden for you, there will be little chance for you to make a comeback. -
Agreed, and many times, the short cuts are illusions and delusions... no choice but to plan long term and work at it day by day...Originally posted by dragg:it works both ways. -
not everybody is fated to make it big. if you have to prove it then go ahead.
plenty of people are into stocks and investments. most of them got their fingers burnt. you never know until you try. -
Many people die because they have that attitude... try and see.Originally posted by dragg:not everybody is fated to make it big. if you have to prove it then go ahead.
plenty of people are into stocks and investments. most of them got their fingers burnt. you never know until you try.
Many things you do not try and see... like taking heroine. Gambling is addictive, try and you might end up destroyed. Better to read up all you can about gambling then to "try" -
Your examples don't make much sense because the topic is essentially about creating for yourself a better future by learning about business and investments. You don't have to be a smart person to know that taking heroine and gambling are undesirable. Does this mean that you shouldn't try to create a better future for yourself through other avenues besides working for a salary? Of course not.Originally posted by onceinabluemoon:Many people die because they have that attitude... try and see.
Many things you do not try and see... like taking heroine. Gambling is addictive, try and you might end up destroyed. Better to read up all you can about gambling then to "try"
People who don't have the courage to go for their dreams die a little inside everyday. I don't think anyone wants to lie on their deathbed when their time is up and think about the things they wanted to do but never did, either because of a lack of courage or because of a lack of will. -
I second that!Originally posted by MingFreeman:Ignore them. Just do what you are comfortable with. Living a stable and secure life is nothing wrong.
From their strategies, it looks like they are taking stupid risks. Its not wrong not to take risks but it is wrong to take stupid risks.
and before you take risks, you need to stabilize also. No point taking risks if you're not prepared to face bumpy situations. -
My dad encourage me to to risk.. but risk must have capital, planning, backup and must be smart when u risk. risk on those can sue earn one.. or lesser failing rate.
but then simple life no excitment la... heard before successful entrepreneur dominates? -
u dun always have to work to get an income..
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i understand how your friends feels..Originally posted by pierre^^:two days ago went our with 2 frens to vivo
den they started talking abt finances and investment in shares
so they ask me what i wan to do in future
i reply i jus wan a stable cubicle job lor, doesnt matter which company as long pay is decent enuff
so they chided me for lack of ambition
One say he going to invest in stocks, the other wans to buy up companies that are in the mindst of bankrupcy
but to be honest i tink their fiances pooled together is enuff for 1 lot of shares oni
den they started like expert saying which share good, den look at what balance sheet
Somehow in their eyes i am useless, and in my heart i am very tempted to tell them hor, i dunno see on tv how many times so called experts like them, also kana burned.. plus they haven even started investment yet
Oh ya to prove their superiority, they brag to me they reading books like making money etc.. and i only read storybooks
Sianz.. wad is wrong with stability? Can i choose the life i wan to live sia..
but i still love my frens all the same despite our differences, coz noe them for more than 10 yrs le
because now i am also one of the person who tells my friends to be more ambitious etc.
coz my friends still have a long way to go thus no plans..
but it's better to have plans..prepare for a rainy day.
something big is coming, and i'm sure not many people will want this big thing to come but it's unavoidable.
it's not wrong not to take risk.
you can stay in your comfort zone, no worries, but as friends, they care thus they want to have you join them earn money
if you want to help your friends, preventing them from getting burn, suggest to them that if they can earn a million from stocks in a period of time, than you will follow.
this simple challenge is to determine and test if you friends really have the substance to play in shares (only those who know real stuffs will earn $$ with little or none $$ to invest in shares)..
if your friends - so call expert only can talk but can't produce results, than they are just dreamers...preachers - saying and teaching things to others when they haven done it/achieve results themselves.
at least teachers/mentors went through the problems have experineces than they teach and share.
if you want to know more, you can try reading Retire Young Retire Rich, I personally learn a lot just by reading this book.
the other book which i feel is good for you is Adam Khoo's Secret of A Millionaire's Mindset, if I didnt remember wrongly la. This book cost only $31.95 if i didn't remember wrongly when i bought it last yr.
worthy investment.
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The thread starter was talking about one of his friends talking about buying and selling stocks and shares to make it big...Originally posted by Enigmatic1:Your examples don't make much sense because the topic is essentially about creating for yourself a better future by learning about business and investments. You don't have to be a smart person to know that taking heroine and gambling are undesirable. Does this mean that you shouldn't try to create a better future for yourself through other avenues besides working for a salary? Of course not.
People who don't have the courage to go for their dreams die a little inside everyday. I don't think anyone wants to lie on their deathbed when their time is up and think about the things they wanted to do but never did, either because of a lack of courage or because of a lack of will.
I think it is better to have a realistic 25 years plan... short cuts can cut short your life. -
some correction.... there is no secure way of living in the 1st place. no more secure job world wide...Originally posted by kenn3th:relax la.. urs is the most secure way of living
earn enough money to,
buy a car, with $ left
fully pay ur hdb,
so u can buy a condo in the long run, and use those rents to pay the house loan.
theirs right is risky as one step means death if they do nt have capital
they may earn alot, but if something bad happens, it's sayonara to them ... they may be happy now, but it may nt be alwayz like that
buy car in SG??? for 10 years??? it dun make financial sense unless it generate income for you.
fully paid hdb??? as long it is a "land property", you pay tax and it dun generate income.
how to buy condo when they ways of generate income oni by means of work with decent pay as what the treadstarter had say.
just my 2 cents. -
it a BIG risk to plan for 25 years in today context...Originally posted by onceinabluemoon:The thread starter was talking about one of his friends talking about buying and selling stocks and shares to make it big...
I think it is better to have a realistic 25 years plan... short cuts can cut short your life. -
I think it's important to plan for the future. First and foremost, we will need to have a stable job and stable income... slowly build up our wealth. But right investment strategies can benefit you a lot in the long run.
Putting all your money in the bank will yield you so low interest that it may be useful to explore other opportunities. You should really read up a little on investments, like for investing in unit trusts or something... then make your choices with your money. This is taking calculated risks. -
Nothing wrong in not wanting to take risks. Its all up to the individual. Not everyone wants to lead a life where they wake up the next day and discover that the stocks and shares they bought have just caused them to become a bankrupt.
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While I agree with your sentiment I would like to point out that there is no way that buying shares can cause you to become bankrupt unless you borrowed money to buy it.Originally posted by nanren4ever:Nothing wrong in not wanting to take risks. Its all up to the individual. Not everyone wants to lead a life where they wake up the next day and discover that the stocks and shares they bought have just caused them to become a bankrupt.
On the other hand, I do not see how you can make it big buying stocks and shares if you have little money to start with.
So I will advise the thread starter that there is nothing wrong with his approach. When you try to make it big by short cuts (TS pointed out that he and his friends combined barely have enough to buy 1 lot); 9999999.999999999 times you will not make it.
There are consequences if you do not make it by short cut methods (like borrowing money to fund it) and like you say, end up bankrupt. -
I once told my gf that everybody, whether rich or poor, should invest. Even if you had no money, your should force yourself to save a bit to invest a little. This is a thought which i came up with after knowing what investment is all about. And my gf came across this thought again in a book that she read on investment.
It is not wrong if you don't want to take risk. But I would advise you to find out about investment. Know more about the various vehicles of investment. Anyway, i wouldn't advise you to follow your friends' method of investing. Understand investment before you come out with a method that suits you best. -
not wrong to take risk . if u think ur happy with ur income ,enuff to feed urself and ur family in time to come ,long working longs hours and u like what ur doing u can stay with the cubicle for rest of ur life.
your friend condemn u being lack of ambition
you condemn ur friend being too unrealistic.
Most important thing is that only risk taker like them might have a way more better income in time to come or if thier investment fails , its just like plunging into the water. But of cos before taking risk of cos must do some financial planning and understand the market before doing any form of biz or investment. -
Just felt like laughing.
Anyway, you way of living is neither right or wrong. Everyone live their lives differently. Its just like we do not shit at the same time everyday. I might poo in the morning, you in the evening.
Anything may happen even if you live the life you prefer. Eg. You might get fired one day and cant find a job for 6 months etc, things like that while your friends made their investment and made millions. Then months into it, you get hooked up into a high paying job then your friends start to get burnt.... get the drift?
However, in investments, one thing is for sure.
Please. Take calculated risks, not blind risks.
JMHO.
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some ppl must lose money so that others can win..everyone win where the money come from? heaven?
applies for shares, stocks and 4-D and the lists goes on
wake up to a new day ppl -
take a look at the market now.
a lot of counters are over-priced already.
if and when someone negative happens someone will lose big again.
in the end it is only the major players that benefit. -
mutual funds or unit trusts have traditionally yielded reasonably good returns over >20 yrs. Even those investment insurance plans are some sort of a masked mutual fund. The Singapore govt take our tax money and put into mutual funds also (an average of 9% yield).Originally posted by dragg:take a look at the market now.
a lot of counters are over-priced already.
if and when someone negative happens someone will lose big again.
in the end it is only the major players that benefit.
A good investment strategy will insure good retirement. Definitely way better than putting all the money in a savings account. Single stocks are a bit too risky for me though. -
they have ambitions, thou hard to achieve but they still willing.Originally posted by pierre^^:two days ago went our with 2 frens to vivo
den they started talking abt finances and investment in shares
so they ask me what i wan to do in future
i reply i jus wan a stable cubicle job lor, doesnt matter which company as long pay is decent enuff
so they chided me for lack of ambition
One say he going to invest in stocks, the other wans to buy up companies that are in the mindst of bankrupcy
but to be honest i tink their fiances pooled together is enuff for 1 lot of shares oni
den they started like expert saying which share good, den look at what balance sheet
Somehow in their eyes i am useless, and in my heart i am very tempted to tell them hor, i dunno see on tv how many times so called experts like them, also kana burned.. plus they haven even started investment yet
Oh ya to prove their superiority, they brag to me they reading books like making money etc.. and i only read storybooks
Sianz.. wad is wrong with stability? Can i choose the life i wan to live sia..
but i still love my frens all the same despite our differences, coz noe them for more than 10 yrs le
and u? stuck down at a job getting pay that is not much and nothing special in your job.
u like that?
i don seriously..
u need to have some dreams and ambitions