I have learnt that
1. Invest only with with money which you are prepared to loose
thinking about what u will make, only clouds the issue, and may lead to severe losses
2. Holding power, is the only weapon we have, in a market controlled by Big Players
as my market timing is bad - at least with holding power, u sell when it has reached your selling price, and not because you are forced to
the loss is only realized, when u sell
3. Making money
strangely enough, it is much easier to loose money, than make
4. Speculating vs Investing
there is a bit difference between speculating and investing, one based on rumors/gut feeling, the other based on fundamentals
it is easy to start off "investing", but too hard not to cross over to "speculating"
5. Which share to buy
whilst easier said then done, invest only in companies you understand, and industries you know
6. The analysts don't know it all
Whilst research reports are helpful, they are only opinions. I love how Citibank put a sell call on Cosco, with target price of $2+, only to reverse to a buy call with target price of $5+ only 1 month later
7. The market is not really rationale
I don't know why SingTel shares went up from $2 to $3.70 within a few months, even though I was an insider...
1 Timothy 6:10
For the love of money is a root of all kinds of evil. Some people, eager for money, have wandered from the faith and pierced themselves with many griefs.
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