Quote:
Originally Posted by Unregistered
You are very lucky. I'm around your age but my performance is not as great as yours. Our total income is only $110k pa. We live in a 5 room HDB flat only and our car is 5 years old. You are very smart in investing but we don't know and don't dare to invest so we didn't lose nor gain. In a way this was good for us as many of our friends and relatives lost a lot of money in playing stocks. Our net worth is only $800k in total. |
Investing is a double-edged sword.I lost roughly about $300K in Lehman Brothers bonds . They are triple AAA bonds that time.Now, I do not invest and park my money in Fixed deposits. I know inflation beats the low interest rate in F.D, but that at least better than losing your principal money invested.
I see too much youngster nowadays talking about investing, making big bucks and early retirement. This is unrealistic.
Remember this: For every winner, there is another loser.