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13-06-2013, 09:24 PM
(13-06-2013, 08:09 PM)Ben Wrote: Every crisis presents an opportunity, if you look hard enough. Before this correction, the yield for all the stocks in my watchlist is less than 5%. After the bashing in June, some of them are getting close to the 5% yield level again, and if the correction continues, and I think it will, there will be opportunity to buy stocks that give >5% yield again. The critical question is do you have money to buy now? And if yes, how much can you buy? So in stock investing, money management is as important as stock picking. For myself, I think my stock picking skill is only average, but I have good money management habits and self control. How I develop these habits? From many years of experiences plus silly and painful mistakes.Well put! Well done!
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.