I think it is price volatility relative to size of bet/investment.
If only invest 1% of net worth, up down 50% per day also nothing.
If invest 200% of net worth, up down 1% per day also cannot sleep. hahaha..
of course, some people are just kan cheong spiders. due to personality, financial illiteracy, etc.
The "stocks is a bad thing" as a result of relatives negative experiences is fairly common.
It is kind of irrational. If the guy is a businessman, he should know very well that risks as a result of macroeconomic uncertainty, bad business partners etc are par norm in business as well. The only difference is investing is a company stock is passive; very difficult to influence company strategy and direction.
I suppose being handed a biz to run is very different from having to start a biz and go thro' the many challenges before it becomes viable. If we were to compare with Stocks Investing, the equivalent would be to be given a large and established portfolio of stocks. In such a case, if interviewed, this person (perhaps our kids
) will tell everyone that Stocks Investing is a lot easier than starting a biz...
(30-09-2013, 09:55 AM)LionFlyer Wrote: [ -> ]The "stocks is a bad thing" as a result of relatives negative experiences is fairly common.
It is kind of irrational. If the guy is a businessman, he should know very well that risks as a result of macroeconomic uncertainty, bad business partners etc are par norm in business as well. The only difference is investing is a company stock is passive; very difficult to influence company strategy and direction.
matter of perspective, If you ask 'stock is a bad thing' people, they will say stocks is just a number that goes up and down in the market. They wont see it as part ownership in a business. If perspective is different, what you see is also different.
Just find this sort of thinking depressing and limited. I heard exactly the same thing from a colleague last year; father lost big in 97, therefore he does not invest in stocks.
(30-09-2013, 11:43 AM)LionFlyer Wrote: [ -> ]Just find this sort of thinking depressing and limited. I heard exactly the same thing from a colleague last year; father lost big in 97, therefore he does not invest in stocks.
I can even tell u that he likely to be clobbered by CLOB shares.
(25-08-2013, 01:14 AM)FA+TA Wrote: [ -> ] (22-08-2013, 12:25 AM)pianist Wrote: [ -> ] (21-08-2013, 11:06 PM)FA+TA Wrote: [ -> ] (21-08-2013, 01:15 AM)memphisb Wrote: [ -> ]short qn.
Anyone seen old forummer madam lark around in other forums?
According to Koh_52, she already up lorry liao!
Sing Holdings - P57
how did U manage to locate it in such a short time?
1. All of us, ValueBuddies cannot deny that ValueBuddies.com has an excellent search function
2. As I remembered Koh_52 talked about Lark in certain thread so I used the 2 parameters Koh_52 and Mdm Lark
3. Using elimination method
Sad to hear that Lark has passed away.
Dennis is also gone I believe.
2 regular contributors from Wallstraits gone...
(30-09-2013, 11:43 AM)LionFlyer Wrote: [ -> ]Just find this sort of thinking depressing and limited. I heard exactly the same thing from a colleague last year; father lost big in 97, therefore he does not invest in stocks.
Parents have alot of influence over kids one. So cannot really blame them. We are generally how our parents mould us.
Actually stocks do produce decent return over the long term it seems, most of the time the pain comes from individual excessively trading and giving in to emotions.
Found this article
http://moneyandco.weebly.com/uploads/2/1...eturns.pdf summing up STI returns over many years, seems that returns are quite stable if you can hold >10 years without sucumbing to yourself.
(01-10-2013, 11:12 AM)mobo Wrote: [ -> ]Actually stocks do produce decent return over the long term it seems, most of the time the pain comes from individual excessively trading and giving in to emotions.
Found this article http://moneyandco.weebly.com/uploads/2/1...eturns.pdf summing up STI returns over many years, seems that returns are quite stable if you can hold >10 years with sucumbing to yourself.
i can't speak for others only for myself. What you say is quite accurate. More than 25 years already in SGX Market. i will stay for life in Market provided God permits.
Shalom.
Amen.