The biggest risk in the world is not taking any risk, everyone agree?
1)Putting money under the pillow or milo tin, exposed to fire risk and inflation risk but get away from bank bankruptcy.
2)Putting money in FD worry of bank bankruptcy and not able to hedge against inflation risk.
3)Putting money in the equity,forex,commodities,futures,options,property will expose to many risk, higher than putting in the pilow or milo tin, if u get high return and you can be self-made millionairs. Will you stop after making millions?
For each sectors of business there must be a strategy to reduce their risk compare with the competitors, therefore they remain in the business because they know how to avoid it and remain in the business. Or they have failed but they bounce back stronger and make a sucess in their life. I believe if we have faith and belief in ourself, we are already a successful person.
@Lawyer1
Since you have a good portfolio, do you consider yourself at the stage of financial freedom? Do you still have the feeling of unsecured since you are at top(for me atleast you are on the top)? You have the wealth, do you have the health? Can I have a cup of coffee with you?
@CrossFirE
Unit Trust=Mutual Fund(equity Market,bond market,money market, all in one)
Some people would say it not good, some would say it is very good. People who lose the money will say it is not a good investment, people who make the money wil ltell you very good.
Investment is just like your own business, if you take care of it, you will know how good is it, but if you ignore it and let it up and downs, you might become someone that tells it is not good, but if u reduce the risk and know when to cut loss, perhaps you are better than others. There is no right or wrong in the world, in the end you are the one that decide.
How much is your net worth?, gauging your financial performance.
Sep 23 2009, 03:51 AM
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