This blog post is in reply to a reader's long and thoughtful comment on AK's wealth building strategy which a screen capture could only snap partially:
Read the full comment: here.
Hi Millionfaith,
Thank you for the very insightful comment. :)
Here are my thoughts:
1. I agree with you, generally. However, if we invest in a business for income, if it has good income generating ability and if we entered at a good enough price, it could be a case of simply sitting back and not doing very much after that. An example in my case could be ST Engineering which I started buying at $1.55 a share donkey years ago. There are probably a few other examples in my portfolio.
2. For most of us, it is about working hard and smart while being financially prudent to accumulate wealth. Then, the next step is investing in fairly good income producing assets to grow our wealth ......