According to Fred Young there are only 3 ways to be rich
1) be born to parents who spent less than they earn and bought something that went up in value
2) marry someone who had spent less than they earn and bought something that went up in value
3) spent less than you earn and buy something that will go up in value
1) be born to parents who spent less than they earn and bought something that went up in value
2) marry someone who had spent less than they earn and bought something that went up in value
3) spent less than you earn and buy something that will go up in value
During a recession it's best to choose companies with low debt as the rapid growing companies with high debts will suffer when growth in profits is no longer able to keep up with interest payments
if the companies have debts make sure the debts are long term debts as it's harder to borrow money during a recession
choose companies that are needed regardless of economic cycles. luxury companies may or may not suffer during a recession but I would avoid them anyway
if the companies have debts make sure the debts are long term debts as it's harder to borrow money during a recession
choose companies that are needed regardless of economic cycles. luxury companies may or may not suffer during a recession but I would avoid them anyway
I think it's hard to make a living trading as markets can move rapidly as well as slowly
unless U have huge capital it's probably more efficient to work for a living and deploy capital for investing (not trading)
unless U have huge capital it's probably more efficient to work for a living and deploy capital for investing (not trading)
2
If you bought high
the first thing u do is evaluate why you bought in the first place
if the reason for buying is no longer in place u can sell
otherwise it may be an opportunity to average down
the first thing u do is evaluate why you bought in the first place
if the reason for buying is no longer in place u can sell
otherwise it may be an opportunity to average down
1
This Chinese New year, we will have reunion dinner from beauty in the pot.
We have bought additional ingredients to eat and we will visit relatives if possible
We have bought additional ingredients to eat and we will visit relatives if possible
the usual
bought too early and selling too late
started by buying vitasoy as it was oversold but the china boycot was real and numbers started falling
bought too early and selling too late
started by buying vitasoy as it was oversold but the china boycot was real and numbers started falling