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I was an active trader for about 4 years and made a decent amount of profit. But every day, I sleep with great worry and consistenly checking the share prices because of my trades. Because there are no rationale for a trade, merely a gut feel or a technical trend that could go either way, I was always on my toes.
Since I moved over to value investing, it had helped to reduce the fear by a great deal because I know I have a reason for investing in a particular share with a margin of safety. (Recommend reading Benjamin Graham Intelligent Investor. It's a great book). I function much better daily with value investing.
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Value investing's (and margin of safety) biggest impact to me: Every $1 in current expenditure is a potential opportunity cost for a $2 revenue in future.
And then I find the balance between expenditure and savings (for investing). Not every satisfaction comes from monetary savings.
"Criticism is the fertilizer of learning." - Sir John Templeton
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Hmm.. I still spend quite a bit on my family, it's a necessity to them but a luxury to me. But, harmony is priceless, and problems that can be solved by money are not the worst type of problem.
One thing: I look at things through the lens of business now. I enjoy shopping now, why is this brand commanding a premium, how is the traffic of the shop, why capitaland malls are a natural crowd puller when Singapore flyer retail space is horrible?
I even critique my work thro business lens. What do people do things and care only about top line, why do they not care about capital/ resources allocation? Sustainability of certain projects at work, although not money driven, I know they will die natural death. Talk about spending $2 to generate a dollar revenue.
Investment poisoning ...
life goes in cycles, predictable yet uncontrollable; just like the markets, but markets give you a second chance
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(22-01-2014, 04:48 PM)arriyana Wrote: I was an active trader for about 4 years and made a decent amount of profit. But every day, I sleep with great worry and consistenly checking the share prices because of my trades. Because there are no rationale for a trade, merely a gut feel or a technical trend that could go either way, I was always on my toes.
Since I moved over to value investing, it had helped to reduce the fear by a great deal because I know I have a reason for investing in a particular share with a margin of safety. (Recommend reading Benjamin Graham Intelligent Investor. It's a great book). I function much better daily with value investing.
Great! At least one trader admitted to be a trader is living life under the knife's edge.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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For me not really, still the same as before. Personally dun place much importance on money. Not sure how I got that way but it has been that way since young. Value investing appeals to me, in the same way as digital games so it is more like a hobby to me. I think it is the same like collecting rare items/leveling up in rpg games, purposeless but fun.
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22-01-2014, 08:00 PM
(This post was last modified: 22-01-2014, 10:18 PM by CityFarmer.)
Indeed, value investment has made a difference on buddies' life, including mine.
The VB forum helps to promote the value investment. Thank you to cyclone, and those founding members.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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Value investors has longer life too. E.g. Schloss and Kahn.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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My story about finding value in life.
My 7 year old daughter started demanding an iphone for her use.
So we discussed with her to find out why she needed an iphone.
it turns out that she needs to listen to songs when we not a home & dont want to dependent on us. she wanted something which is portable & we did not want her to use headphones.
so initially we thought of buying a portable stereo but the good ones very costly & the cheap ones could not really use the thumb drive.
Our search ended in Mustafa with a $19 portable speaker which a built in MP3 player which can play from a microSD card. & it was pink in color so my daughter adores it.
Finding Value, yes its worth the effort
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