I tell you..  correction definitely coming..this market is fake.
The bears are building base, anyone thinking recession is over is dead wrong. 

Thanks. I can testify that success is sweeter when you've put in the sacrifices. And you treasure these moments more when you've gone through ups and downs in life.

Congratz on your first 100k. 

Some errors noted. 
I suppose you mean November 2008? Same age as me.  How come only a 4.9% gain? 

No, not really...

But yeah, i do hope to achieve it very soon cos I have RM1k credit card debt to go only

But i haven't started buying medical card etc.... my salary is yet to support a car and house. So, I still have a long way to go.

I think Jason is young, too, at his age as a man.

Well, simplesmile started investment at young age too, early 30s i guess.

Nothing is too late to begin with. There's a will, there's a way.

My motto.

What is your Cash/NAV goal in Ringgit (millions) to allow you to achieve your goal?

Jason you are younger than me ar? I thought you are mid 30s.

I wonder how ols is debbie

Jason, 35 is too early lar..

You can make it to 40.

Retire by 35? 

Is that a typo?  Do you mean 55?

Frankly speaking even at 55, I find that still young.
People tend to live longer now. Life expectancy can each up to 80 now.
After 55, plan to live on retirement income for another 25 years.

Therefore, investing in equities should be the way to go.

Remember, our value of money diminishes over time.
RM100K today is only about worth RM40K 20 years from now.

To retire at 40 in Malaysia and live a reasonable standard of living till you croak - you will need RM2 million+ IMHO.
That doesn't include expensive divorces, having 8 kids or having a chronic illness BTW.

Definitely.

But i just wonder if how many people are actually going for 50 contracts in one go for Futures



1 contract = RM3500, 50 contracts need only RM175, 000

Let say 50 contracts, earned 10 points a week, it would be 50 X 10 X 50 = RM25000; 4 weeks will be RM100, 000

which is possible...

oh my.... im older than you        i tot im the youngest here.....

Cos i haven't been working long, just work for few years only, the first year i worked was not been paying.
I have limited cash in hand

40?? 

Goodness.. What do you plan to do between 40 and 80?

who is the prince charming?

IMO, one cannot just live off trading when you're retire at around 40-50 when you have no monthly income nor even EPF supplements. You cannot predict the market any money in the market, one must be willing to lose it all.

Worse still, if you are still supporting your family.. your kids education will double what your parents had paid for yours.

When you're in retirement age, this is the time when you actually needs to BACK OFF from trading stocks and pull majority of your assets into safer investments like fixed income deposits, bonds, gold, etc..

Trade or Invest in stocks now.. not when you're much older.
Continue to work till max age to get full retirement package or pension (if you're govt servant) like 55-60.
Oh well. who cares anyway, right?.. The world economy is going to collapse in two years anyway. 

LOL there ARE a LOT of things to do !
Remember college days ? When you go to class 3hours/day and spend the rest of the day sleeping/sleeping/sleeping/eating/sleep some more/

Actually, one needs to remember that sometimes retiring only means stopping from office work, having to report to work everyday, 9-5.

One can take up hobbies, make babies (at 40, still can? LOL gerak² 5mins then mengadu sakit pinggang, lol) go on trips, grow trees..
and the list goes on.

As for the money to cover expenses, one can get it from passive income, e.g income derives from having your money work for you.
i.e pensions, dividends, money you got from your kids(bring them to visit families to collect angpows, for example, haha), rental income (if you have property).

Hmm I've always embed this idea of mine, that one day I want to do things at my own pace, whims and fancies, without having to be bullied by my boss,
and not having to apply to get off days and to get scolded for not being in the office, even though I am sick.

I started buying stocks last Nov 2008,... at the age of 30.
My investment gain is only 4.9%, most of my wealth now is savings from my salary and some side income.
My income from trading (or speculating) is actually negative. I made losses of about 4k by speculating.
35 months x 50 points rise = 1750 points rise? Is it possible in 3 years?
Certainly you're not referring to me, right? I'm no big shark. I'm still a ikan bilis.
Very true indeed. As one gets older, then should take on less risks. But when I attend free seminars on stock trading, almost 30% of the room is filled with retirees. Well, at least they look like retirees to me.

Ya, you can't ask a gal to deliver baby at the age of 40, even if yes, that would be at much higher risk than playing warrant!

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Added on August 7, 2009, 1:13 amUS market is very the red

I expect a rise on next Monday.