07-01-2014, 09:46 AM
(07-01-2014, 09:30 AM)FatBoi Wrote:Thanks for the reminder. i agree.(07-01-2014, 12:10 AM)Temperament Wrote: But really i never plan to be anything (aka with minimum education) i just intrigue by people who dare to venture into active business. And i hate office politics though i know it's part of working life. And since i have no connections or know hows to go in to active business i study passive business (anything to do with investments and financial knowledge) until the age of 40 before i dare to plunge into the stock markets.
So now i am 65 going to be 66, i hope i will be like Johnny Walker still going strong. Except my assets allocation will be different from when i was young. (Actually not young remember i was 40 when i started investing in the Market)
i have a 25 years old son who really has yet to decide what he wants to do for a living.
What can i do for him except what he wants to do for himself?
But he demonstrates he got money sense;
Though he is not crazy of going after money.
i mean the usual route study hard and get a good and high paying job, etc.....
Happy for you that your boy has money sense. Many parents worry their children have none (they don't teach it in schools, so maybe they will learn from school of hard knocks. ouch).
25 yo still v young, maybe he just needs more time to think carefully what he wants to do for the next 20-30 years. Better a few months than gg into something that he will regret later in years to come.
儿孙自有儿孙福, u can only do so much for them.
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.