QUOTE(Devil2 @ Jul 27 2008, 06:29 PM)
bro, there's no risk that can be control, if not, there wont be any bankruptcy already bro. we can only calculate the risk but then there's no way we can control it. bro, even if you are the one planning and running your own business, you could end up losing everything too. as what i always say, planning will always be prefect, but when it comes to practical, it might not go as well as you thought.
As the owner of the company, if you think your future is not good, and you're not doing well, then you can stop the business and preserve the capital.
But if one day Steven Corner is not doing well, then can you do the same thing?
That's the 'control' i'm talking about
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as what i told you, for you it might be too risky and it's merely stupid to go into such scheme, but for me, i have a different view about things. i dont consider myself smart but i dont think i'm stupid either. who's right and who's wrong? its still to be seen bro. so, dont put your judgement on something that havent happen bro.
i'm doing investment for quite some time already bro, and up till now, i havent taste any failure yet. i know there will be 1 day, i will fail and i will have to take the failure positively and learn from it. maybe this might be the it, i dont know and only time will tell.
for me:
1. you make money so hard
2. you hope to make extra return on your hard money
3. you have to put your money into investment that you cant see a 'clear future', that is the kind of investment that will bring you a lot $. if you invest on something that everyone know will make big money, how big will the money be when 'it' reach you in the end of the day?
4. everything actually depends on your age. if you're in your thirties or fourties, then it's better that you do something that is low in risk, but at my age, i have nothing to lose. its either i earn a lot more or i lose everything and start all over again. afterall, this is just 1 part of my investment, even if it failed, it wont hurt me much.
IF someone is not willing to accept advice of others, he's meant to fail.
Well, since you already have the guts to go for it, then it's your decision. We've given adequate advice.
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i meet up with a person recently, a 30 plus young executive, he was criticizing my investment strategy and are damn proud of his own because to him, owning a car and 2 properties at the age of 30 something is an achievement. but well, i was fed up with all his nonsense at that time and ask him a few question, that is,'if you're so good in investment, how come you're driving a MyVi while i'm driving a german made car? what is it to me when you own 2 properties that cost merely 400k while i've just bought a 800k plus house?'. that really shut him up and my advise to him was,'you can share your view on any investment but dont criticize it unless you are a 'proven' investor. no one can tell about the future, just share your view without criticizing, cause you might make a fool out of yourself if the things you criticize turn out to be a success.'
Well, Investment has something to do with risk appetite. Like what i've said
High risk yield higher return. But if the young executive you've mention has lower risk appetite, then his return might not be as well as your's. But if things turns ugly, your investment portfolio, might be worst than his.
And there's some different between asset and liability. You do not own the properties and cars until you've fully paid. Unless you're telling me your 800k house and german made car is fully finance by your cash. Then bravo for you.
That's all I want to say. So it's up to you to interprete.
This post has been edited by keith_hjinhoh: Jul 27 2008, 10:27 PM 
May 18 2008, 05:08 PM
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Cheers~
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