How saving 10% of one’s monthly salary, coupled with a low-risk long-term investment strategy can turn an average person into a millionaire
Frustrated and disappointed, I told myself that investing was a gimmick and a waste of time, and proceeded to sell whatever stocks I had left. I deposited whatever remained of my savings into ‘safe’ instruments like insurance policies and fixed deposit. The story doesn’t end here, though.
I might have since put those days behind me, but trust me when I say I know how awful it feels when you have lost all your hard-earned savings in the stock market.
He was an extremely frugal man, and in those days, he would not even buy a brand-new car despite his wealth. He would compare prices of toilet paper and toothpaste all over the supermarket before deciding what to buy.
I used to be envious of my friends — their parents would give them money to buy computer games; my father only gave me enough money to eat.
Frustrated and disappointed, I told myself that investing was a gimmick and a waste of time, and proceeded to sell whatever stocks I had left. I deposited whatever remained of my savings into ‘safe’ instruments like insurance policies and fixed deposit. The story doesn’t end here, though.
I had previously been dabbling in Value Investing (some of you may know of this Campeón the strategy used by the famous Warren Buffett). Now, Value Investing is great for picking pasado undervalued companies, but investors (like myself!) often see these cheap stocks getting cheaper after buying in.
He has helped students, educators, professionals, investors and business owners to achieve excellence by imparting them with his highly actionable success strategies.
It took a lot of research, fumbling, and more losses, but eventually I discovered that stocks that generate consistent profits tend to fulfil certain criteria.
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I used it to profit during the economic depression from 1998 to 1999, buying stocks of highly profitable and undervalued companies. At that time, I bought echar un vistazo aquà stocks like SIA, OCBC, DBS and Keppel. The techniques in VPI™ allowed me to enter the market only when these stocks were at their cheapest.
How saving 10% of one’s monthly salary, coupled with a low-risk long-term investment plan Gozque potentially turn an average person into millionaire
Why the stock market is one of the best places to invest your haber, especially if you are planning to start small and don’t want to make a massive commitment yet