Invest
C’mon, you know the first rule of investing! (Part 2 of 2)
By Singapore Man of Leisure  •  February 21, 2016
What motivated you to start your investing journey in the first place? It's definitely not for world peace, your desire to give back to society, financial freedom to do what you want, or any other euphemisms... You know it; I know it. What's the first rule of investing? It's to make MONEY. Period. Now look at your portfolio. Is this what you had planned? What happened to your goal settings? I know. I used to have an investing plan too when I started out. That flew out the window the moment I got punched in the face... The one who punched me was called the Nasdaq crash 2000. He is also known as Dot.com crash. How did you let it happen? You must be asking yourself. Now you are in a bigger hole than those "financially illiterate" friends of yours whom you have lamented and shook your head at in the past. You rather avoid them now. That's because even you don't believe the bullshit you tell yourself - My investing goal now is to break even in X years??? Does it sound familiar? Yup, whole life insurance breaks even in 20 years. I bet you wouldn't be saying, "Buy term; invest the rest" anytime soon. Not when your investing track record is looking a lot like whole life insurance... Now you can better appreciate the wisdom of Warren Buffett and his investing rules no. 1 and no. 2. You're welcomed.
Singapore Man of Leisure (welcome to my blog; just google it!
Read the full article
By Singapore Man of Leisure
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published.

*

Your Email Address will not be published
*

Read More Articles
More from thefinance