Happy Lunar New Year to everyone!!! Hope everyone can attain their dreams, stay healty and covid to be gone quickly.
I would like to spend my ang bao money on some good stocks and maybe also save up some money so that I can go to Japan when the borders open without restrictions.

So my first big loss was from penny crypto that my friend had asked me to buy and another was from penny stocks that I was swing trading before powell started giving his speeches.
What can you do after losing money: Just stay calm and take it as tuition fees. There's 2 options. Either just sell and change the stocks to other stock or just leave it in and hope that it will rise again if it has gone too far. Hopefully it will rise again and you didn't put too much money in. ...

I think that the definition of wealthy people is very vague as one will think of it as the spending power of a person. If a person saves a few millions of dollars and is still unable to spend any part of it, it makes him look poor. All things aside, 50k in the bank is probably quite easy to attain as I am able to do it before I even hit even 21 with my savings. But hard to say as there are some people who spend every penny that they earn.

My first investment in 2022 is crypto. Trying out new forms of investments to diversify my portfolio. Putting a certain amount to stake some coins. Both stable and high return coins. Testing out bots too. Will probably invest in other stocks soon.

Confidence is the way to improve our trading mindset. However, being over confident is not good as it will affect the way we trade. Depending on the way we trade such as long term investing or swing trading, there are different ways that we can approach trading. Just go with the feel and do not panic when trading. Over time as we trade, we will also build the confidence needed for future trades. Try to enjoy the process and start small. Loses with small amounts should be treated a...

My goal is to be a long term invester as it is less time consuming than swing trading and I also have to work during day time.
Hopefully the investments that I put in can make at least 10% min a year.
I will start investing a minimum of 300sgd per month going forward.

I would hope for drip plans (dividend reinvestment) to be available as it is better for long term stock holders. Also, able to continue with the free commission fees.

We should check the company's income statement and balance sheet to calculate the earnings using the clean surplus accounting. We should select the stocks that have a very high clean surplus accounting retained earnings which equates to a very good growth rate. Preferable stocks with lower debt too.