Know yourself:
{Have stamina? Whine if lose $50? Financial Health State, Objective – buy house etc, Commitments, Risk Appetite vs. Can actually take } What are my financial needs ? => Financial Need Analysis – 6 mths review
• How much should i save?
• How much risk can i take / should i?
• How long should i stay invested?
Know the Products:
{Missed Opportunities}
[Risk Level – Volatility, Liquidity, Counter party]
[Investment Horizon or Tenor] -> 3-5 years
[Complexity]
• What investments are available?
• How safe are these investments?
• Will i be able to get cash back when i need it?
• How long does it take for the investment to return me the cash?
Know the Strategies:
{Lower return if don’t know}
• How much do i invest in each type of investments?
• How can i protect my investment?
• Do i invest long-term or adjust consistently in the short-term?
• How often should i review my investment?
• When should i take profit and cut my losses?
• How do i take advantage of economic growth of other countries?
• Should i invest in the local markets only or global markets?
In General:
Don’t suffer as a result of investment!
The stock market is there to fool you overcome with knowledge
Don’t be greedy and be taken by promoters
Don’t rush!
what I need to do ...
- Continious learning -unlearn as necessary
- Reach out to family & loves ones
- Maintain fitness - strong core and clear IPPT
- Pick up parenting skills
- Save up and plan for renovation
- Build passive business & investment income
- Back up Data
- Manage $ Cash flow
- Learn sinan mori
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Quotes
- You are your thoughts.The thoughts in your head are what institute the laws of attraction. You think therefore you are. - Joe Vitalli, The Laws of Attraction
- Don't react blatantly in Anger and become a Zero - Papati
- Don't miss out in the learning values of problems by over-looking the root causes but starting at the occurences - Raj
- You can do almost anything if you have a steady income. Little or much, what matters is that you can count it, month after month.Without the regular flow of funds, you will be constantly distracted from you goals - Norm & Bo
- Time is greater than money, you can never really buy time. Don't let time slip away. - Raj
- Ignore technology advancement and you will either be left behind or you have to fork out more - Raj
- Without passion nothing happens in life but without compassion the wrong things happen - Jan Eliasson
- The poorer you are the more you need to plan and act wisely. Any undesired outcome you have little resource to manoeuvre.
- “Life changes when you least expect it to. The future is uncertain. So, seize this day, seize this moment, and make the most of it.”
- To get to where you want to go in life you must start from where you are - Tan
- Maturity does not come with age,it comes with the acceptance of responsibilities - Tan
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