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13-02-2013, 11:13 AM
(This post was last modified: 13-02-2013, 11:14 AM by Temperament.)
It doesn't matter who saves more. At today cost and standard of living and almost 0 bank interest rate, how much you save is never enough for an ordinary wage earner. For that matter even a U graduate worker. Especially for those who have a family. You must learn how to invest or else you will retire with nothing much to depend on. i think most working classes are in this situation. It happened to me 25 years ago. Now i think the economic/political situation is even worst for most people who don't learn to invest except learn how to save.
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.
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.