For the past few days I have been doing spring cleaning and happened to flip through my investment notebook. I went through some of the interesting lessons learnt during the period 2007-2009. The collapse of the Lehman Brothers really changed the investment world forever and the old strategy of holding stocks for the long term for capital appreciation no longer works. In view of this, all of us need to equip ourselves with well-planned strategies to protect and grow our investments. In 2009, I had made three guiding principles for investment:
Invest in myself
Many people, myself included, tends to chase the money and invest in everything under sun (stocks, ETF, property,gold, unit trust, etc). Everything, except themselves. We all failed to realize that our knowledge, ability and skills are the most important asset that help us to generate recurring income through jobs, sales, investment and business activities. Henceforth, most ......