saw few of my BLOGGER friends wrote this topic recently...
just want to share my opinion on this topic...
1st~never use "future" money or money that needed for your living!! agreed with YY...
just to make sure that if you really LOST you $$, you wouldn't starve or affect your future living!!
2nd~don't start speculating
do it after you know what you want and how can you do it...
speculator seldom win stock HOLDER in longer term...
1 shoot might kill all you previous 1000 wins....
3rd~Dollar cost averaging...
don't stop buying stock...keep it going...
please read INTELLIGENT INVESTOR written by BENJAMIN GRAHAM...
not necessary in same amount every month...
invest what you afford of...
4th~learn how to do analyze a company...
FUNDAMENTAL...plus small portion of technical analysis...
i learnt this after a 45% loss in 2008...
now i created my own company scanning process...
its cash position...
dividend history...
revenue record...
cash flow record...especially operating cash flow...
5th~stand still...don't follow the market...
market is volatile...
but you don't need to be exactly the same like the market~volatile...
**everyone have their own style...find yours and keep it up...
know what you are doing and heading to are essential!!
NEVER GIVE UP ON INVESTING YOUR $$
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