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08-10-2020 12:04 PM
Unregistered
Quote:
Originally Posted by unregisteredd View Post
23 now. Had a close friend in JC. Suppose to follow me to NUS after NS. But he learned investing. Flipped his savings into 6 digits thru crypto, US equities etc. Now lives in thailand, beautiful thai girlfriend and all.

This month(April 2020) saw his instagram. he turned flip $500 into 6 digits. Here I am doing online teaching in NUS... His advice? Get a mentor.
No need to be envious of your friend. $500 into 6 digits is incredible, but there is huge risk and luck involved thus unsustainable. Do not be fooled into thinking that is skill and repeatable. I say that as a successful pro trader who has gone through big ups and downs - everyone eventually learns that big reward only comes with big risk. Goinig to NUS is more safe, lower reward lower risk. Most people should take that route. You don't understand risk until you lose 6 figures in a week.
18-04-2020 03:28 AM
Unregistered
Quote:
Originally Posted by unregisteredd View Post
23 now. Had a close friend in JC. Suppose to follow me to NUS after NS. But he learned investing. Flipped his savings into 6 digits thru crypto, US equities etc. Now lives in thailand, beautiful thai girlfriend and all.

This month(April 2020) saw his instagram. he turned flip $500 into 6 digits. Here I am doing online teaching in NUS... His advice? Get a mentor.
cool story, bro
14-04-2020 01:57 PM
unregisteredd 23 now. Had a close friend in JC. Suppose to follow me to NUS after NS. But he learned investing. Flipped his savings into 6 digits thru crypto, US equities etc. Now lives in thailand, beautiful thai girlfriend and all.

This month(April 2020) saw his instagram. he turned flip $500 into 6 digits. Here I am doing online teaching in NUS... His advice? Get a mentor.
23-12-2019 06:03 PM
chancellor learning to invest is always a very useful life skill which u can bring with you anywehre in the world. stocks, forex, funds.. but don't go too big on any 1 vehicle until you've a good track record..
23-12-2019 06:02 PM
chancellor For young people without much salary or savings yet.. There really isn't anything of great investment returns but education.

Take up courses, learn investment skills, business skills, or something that allows you to make a better income.

Perhaps when you start to accumulate more wealth, you can venture into equities, property etc.
11-11-2019 09:33 PM
Diovin You need to read more and more,till you will not find answers on your questions
18-09-2019 01:27 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
True, my wife and I save approx 100k a month too.
Exactly, really depends on how much one earns!
31-08-2013 09:13 PM
lazyplane
Quote:
Originally Posted by Unregistered View Post
Is there anything of substance you can add besides such generic statement that everyone know???
Definitely. But it is with risk and it is a view..

My view is that the long run, commodities will be a stable bet .
Valuations today like noble, wilmar, olam has taken much beating in recent weeks are looking attractive to me. I think their downside can be about 15% more but their upside potential seems to be good.

Ignore oil for the moment due to political instability in Syria and there is a wildcard here . But otherwise, oil is going to be hover around US$80 -100 per barrel. If I need to make a bet on oil companies, go for the bigger ones when they have been hit down. Why ? Because they have been proven to last. The B/S is big enough and they can really take more than a hit or 2. Sure, when things pick up, the smaller ones may gain more, but if something blows out (imagine BP well head disaster , seriously, do u think they can handle such a crisis ? )

What about gold ? I like gold. It is a "value" protector. When I say that, I don't mean that like the banks or economics whom say that in crisis, gold value remain. I looked through that statement and have found it personally to be otherwise. In crisis, all things drop, and deflation sets in.... gold is no different. But, I like gold because MT wise, like 3-5 years, the value will remain. I will put $$ in gold instead of fixed deposit for "asset protection" because I feel the value of gold naturally will account for it. Again , my view.

So now, my turn, is there anything of value you can share ?
Looking forward to u sharing ...
31-08-2013 04:24 AM
realtorsg quick question to the audience.
10k investment monthly get 100 bucks. Consistent all the way till you decide to withdraw. Not compound. Minimum term 1 year.

The question is dividends yields are better ( Considering compounding ) or stick with this for a few years use the 1.2k a year reinvest in equities?
07-08-2013 02:01 PM
Unregistered True, my wife and I save approx 100k a month too.
Quote:
Originally Posted by Unregistered View Post
Wife and I save at least 30k a month.

Of course how much one earns matters. It matters a lot!
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