My story with football? Only watch world cup occasionally...but it's a game that requires skills, strategy and teamwork. Similar to investment, it takes time to master it to generate a better outcome. If u get someone better than u to be in ur grp to give good advice, your portfolio will likely generate better outcome. Get a valuable teammate! I used to listen to everyone's advice blindly. Overtime, I tend to filter the source of the advice so that I do lesser stupid things..... Especially when speculative assets is rising while traditional value assets remains static.
I love tiger coins exchangable to vouchers too. Now Tiger platform gives basic info and ~5 yrs historical financial info on companies listed which is very useful for me to have a brief understanding. Most importantly beginners can find friends with similar goals here in Tiger platform. We will support each other to reamin calm and logical when market is crashing and the whole world is crashing down. We want to do the right thing when our emotions r gripped by crash. Follow @Mainstreet_Trades @Daily_Discussion @CaptainTiger @Trading_Contest @MillionaireTiger to get free coins!
"[Investing Behavior]" Why do I continue to buy when my positions are already in red@CaptainTigerAll my positions are in red especially baba and tencents, reached max allocation, so I will stop alloacting money to tech, but continue to add more REITs, US VUG and Hong Kong banks in bear market. Get some dividends while waiting for market to recover for REITs and Hong Kong banks. US got all the biggest companies where I am a consumer like google, very hard not to invest to hedge against inflation. Hope things work out in 10years![Onlooker]
Anyone got good stock recommendations with sustainable payout of dividend consistently? Best is don't have to pay tax and min supervisions [LOL] [Facepalm]
Money Master the game - Tony RobbinsAll weather portfolio by Ray dalio. 30 % stocks, 40% long term US bonds, 15% intermediate US bonds, 7.5% gold, 7.5% other commodities. The portfolio needs to be rebalanced yearly. This portfolio is created for people to hedge against inflation while minimizing volatility and minimizing doing the wrong thing due to psychological effects. We tend to sell when market drops and buy when market goes up. With this portfolio, min management is required while hedging against inflation with min volatility in all seasons.
Born poor and don't have high paying job, so need to think about how to beat inflation and hopefully with the help of compound interest, over time, I can achieve financial freedom with investment. Living without much money means lesser freedom, options and respect [Cry] That is why need to treat investment as second job, use time and compound effect as my friend, slowly accumulate wealth over time.[Cool] [Grin] [Tongue] Maybe this is the only viable way for average people like me to get out of poverty?