14-04-2014, 12:47 PM
(13-04-2014, 03:54 PM)Temperament Wrote: Quote:
"You only have to get rich once in life or with your investments. Afterwards it becomes a matter of capital preservation. That's why they stay wealthy!"
Unquote
Assuming it's the truth, but how to get rich first?
Then how to stay wealthy by capital preservation?
First stay focus to get rich. eg. Focus in only a few stocks, just need to hit one multi-bagger..... basically, "Kiasu and chiong"
Then diversify to remain rich. eg, start spreading out your investment across different asset classes out to protect against any downside.....basically "Kiasi and don't anyhow chiong"