Is it Wrong not to take risks?

• Phoebie

  28 Nov 06, 01:32

  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
  
  

  your friends boasting and talk big only
  
  tell them "no money no talk"
  
  I agree with your opinion, I will also choose to have a stable job with stable income.
  
  I don't take risks esp in singapore
• Jerina

  28 Nov 06, 11:53

  I love this quoted, quoted by a multi millionaire : "Those who don't take risks end up working for those who do."
  
  In other words, it's the ones who take risks who end up with huge cars, huge houses etc.
  
  However, they can also fail, have to say.
  
  Hence, don't take risks if you wanna live in a flat all your life, take risks if you want some sort of excitement
  
  You live only once...it's okay to take risks here and there right?? Stability for your whole life sounds boring..
• Jerina

  28 Nov 06, 12:04

  Originally posted by angrynor:

  
  
  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.
  
  

  What "angrynor" said made the most sense.
  
  What makes you think your job is so stable in the first place rite??? Who knows, you might get fired in future? Because power is in your employers' hands, not yours.
  
  Then again, if you take risks, you might fail too.
  
  So the thing is, it's gd to take risks but ONLY risk what you can afford to lose.
  
  If you dont like taking risks in stocks, take risks in other ways, eg, be a part-time property agent or smth like that. Who knows, you might have a talent for it.
  
  And the sad thing is, you dont get to realise what talents you have because you were too fearful in the first place
• Ito_^

  28 Nov 06, 12:05

  Originally posted by Jerina:

  In other words, it's the ones who take risks who end up with huge cars, huge houses etc.
  

  wad about family inheritence?