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FINANCIAL CHRONICLE™ » FUN CHRONICLE™ » I want to be Rich. Oh! Oh!

I want to be Rich. Oh! Oh!

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1I want to be Rich. Oh! Oh! Empty I want to be Rich. Oh! Oh! Sat May 07, 2011 9:58 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
‘I want to be rich, Oh! Oh!’So sang the popular singer by the name of Callloway.
Thousands and thousands of people want to strike it rich on the CSE. Initially they are spectators, then speculators and finally if successful, spectacular manipulators.

This article is not meant to serve as an Investment Guide. Instead, it is to make a person aware what it takes to be a successful investor. It’s an assurance policy.

Why is there a sudden interest in share trading? It is the fact that trading on the CSE is so easy today unlike in the past where we were compelled to go through a broker to buy or sell shares. With the advent of the internet and mobile telecommunications trading on the CSE is a piece of cake. Everyone and anyone can now do it from the comfort of their own home. No Office, no furniture and equipment and no staff. Just I, me and myself!
We are also well informed through the instant online news, reports, analysis, forums etc.

But then, does everyone succeed? Well, most people who join the fray have the least idea about trading. They know nothing about companies, basics in accounting and understanding financial statements and limited in their analytical skills. From day one they become vulnerable to the swings, peaks and descents of the indices and share prices and the risks are high.

One may argue that buying and selling land, property or vehicles is also risky. True, there is a risk element in any business and a person not knowing the ground rules and doesn’t have the skills will fail miserably. That’s why we cannot classify trading shares as ‘Gambling’. Trading on the CSE is legitimate business and involves hard work in analysis, reading, being aware or ‘putting one’s ear to the ground’ as it were. Success all depends on the knowledge, skills and experience one has.

What are the pre-requisites for trading on the CSE?

o Knowledge of companies with updates on their performances
o Ability to keep aside a fixed capital for 1-3 years which are not needed for recurring expenses.
o Being aware of current trends and demands in relation to each of the companies
o Be emotionally stable
o Free from debt
o Have rationale / logical thinking
o Free from greed

A person who wants to take big risks on the CSE should be prepared for the worst. If not, he better hang himself straight away as a better option that losing his capital, wealth, property, family relationships, health and finally hanging himself.


Just consider one living example and one dead example.

Living Example

I met an elderly Japanese investor last year who had invested in the Stock exchange in Japan. Since he could not keep updated on the stock market on a daily basis and his broker did the buying and selling for him, he had to sell all his shares for below 50% of the value of purchase. The broker did not keep him informed until the last moment. All this happened within a short time. His mistake is obvious. He did not have the inclination and time to look after his investment.

Dead Example

Last week a wealthy businessman known to me committed suicide. He jumped in front of an oncoming train. Too bad. What led to this drastic action? Many things went wrong. He failed to heed the writings on the wall. First, he was dishonest. He was a drunkard and a womanizer. His wife, children and relatives forsook him. Finally, his way of life caught up with him and this crambazzeled man plunged to his death.

There are many hidden dangers lurking in these murky waters. Such as, financial bubbles, bankruptcies, political upheavals, natural disasters, manipulators, insider trading, war, inflation, crooked brokers just to name a few.

So investors be aware about the hidden dangers. Think twice about investing in the CSE.
If you have what it takes welcome to the Club with eyes wide open. If not, find a more suitable investment that you can handle.

2I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sat May 07, 2011 10:25 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Good article. Need to have realistic expectation form CSE.

But I'm having difficulties figuring out how the "Dead example" relates to CSE. Rolling Eyes

3I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 9:39 am

smallville

smallville
Associate Director - Equity Analytics
Associate Director - Equity Analytics
Good wake up call in deed..

Most importantly if u r into investment, u have to look after it.. u should not let your money handled by someone else who has the interest of making money from ur investment to him or the company he works.. Yes this applies to wicked brokers..

Either you make profit or not, brokers will be rich.. Unless otherwise proven, brokers to be taken as the least source for wealth expansion.. Every1 who wud be happy handling their investment on their selves (like me Wink ) with the analysis they do must continue on their own strategy..

If you take high risk, prepare for worst as well.. Low risk low returns as well Wink So follow a moderate path.. and balance the wealth and risk.

Importantly, everyone must realize that CSE is not everything in life.. it has to be balanced.. you have families to take care of, entertainment, etc.. Wink

4I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 9:48 am

ss7097

ss7097
Manager - Equity Analytics
Manager - Equity Analytics
@smallville wrote:Good wake up call in deed..

Most importantly if u r into investment, u have to look after it.. u should not let your money handled by someone else who has the interest of making money from ur investment to him or the company he works.. Yes this applies to wicked brokers..

Either you make profit or not, brokers will be rich.. Unless otherwise proven, brokers to be taken as the least source for wealth expansion.. Every1 who wud be happy handling their investment on their selves (like me Wink ) with the analysis they do must continue on their own strategy..

If you take high risk, prepare for worst as well.. Low risk low returns as well Wink So follow a moderate path.. and balance the wealth and risk.

Importantly, everyone must realize that CSE is not everything in life.. it has to be balanced.. you have families to take care of, entertainment, etc.. Wink

You're absolutely correct smallville.
Already my wife complained about this. She said couple of minutes ago too about this. As soon as I came from office logged in the to laptop and reading this forum and checking what has happened.
I'm in a precarious situation and day by day I'm going deep with the stocks avail on my portfolio.

As smallvaille said, if you take high risk, perpare for worst......
I've hugh credit and I have no plan to settle this if the market not come back to green on next week or so.

5I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 12:54 pm

Rocky

Rocky
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
[quote="xhora"]Good article. Need to have realistic expectation form CSE.

But I'm having difficulties figuring out how the "Dead example" relates to CSE. Rolling Eyes [/quote

I used this example to prove the point that investing in any thing is 50 / 50 chance of risk. To reduce risk one must have the pre-requisites. (This guy most probably traded shares, but not sure.) However, he imported and sold vehicles and this would have been his final waterloo.

I usually, use current examples that I know for sure when writing. Also, these true examples are for impact.

6I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 4:14 pm

xhora

xhora
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Defn.

BROKER = A Person who makes someone else BROKE.
lol!

7I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 5:01 pm

mark

mark
Expert
Expert
[quote="hybrid_OS"]
@xhora wrote:Good article. Need to have realistic expectation form CSE.

But I'm having difficulties figuring out how the "Dead example" relates to CSE. Rolling Eyes [/quote

I used this example to prove the point that investing in any thing is 50 / 50 chance of risk. To reduce risk one must have the pre-requisites. (This guy most probably traded shares, but not sure.) However, he imported and sold vehicles and this would have been his final waterloo.

I usually, use current examples that I know for sure when writing. Also, these true examples are for impact.

we had a "DEAD EXAMPLE" recently...........remember?.....which was done by broker and a bank together.......... Sad

8I want to be Rich. Oh! Oh! Empty I want to be Rich, oh! Oh! Sun May 08, 2011 6:38 pm

saradiyal


Stock Trader
barber never refuse for a hair cut even for bold head man so like broker never ever refuse to buy share (junk) for his clients

9I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 8:03 pm

Sana


Senior Equity Analytic
Senior Equity Analytic
@saradiyal wrote:barber never refuse for a hair cut even for bold head man so like broker never ever refuse to buy share (junk) for his clients

hahahah yes you are right.. Smile

10I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 9:15 pm

Gaja


Associate Director - Equity Analytics
Associate Director - Equity Analytics
If everybody can became Rich by investing in CSE, buy the people need to start business and run it with lots of problems from Material, Labour, Market, Sales, From the EPF ETF office from IRD from Customs, from banks on financing, etc if you can put the your money and if you can get 100% return in a week or two.

So think sensibly and make your investment decisions, yes its true our market gave even more than 100% returns on some stocks in the recent past, but i don't think anybody can expect the same story in the future.

11I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Sun May 08, 2011 11:49 pm

StocksWatch


Assistant Vice President - Equity Analytics
Assistant Vice President - Equity Analytics
Good article hybrid_OS. There is a big meaning in it if someone slowly read it and try to understand. + rep for sharing your real life expereinces.

12I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Mon May 09, 2011 12:11 am

Intrinsic


Manager - Equity Analytics
Manager - Equity Analytics
[quote="mark"]
hybrid_OS wrote:
@xhora wrote:Good article. Need to have realistic expectation form CSE.

But I'm having difficulties figuring out how the "Dead example" relates to CSE. Rolling Eyes [/quote

I used this example to prove the point that investing in any thing is 50 / 50 chance of risk. To reduce risk one must have the pre-requisites. (This guy most probably traded shares, but not sure.) However, he imported and sold vehicles and this would have been his final waterloo.

I usually, use current examples that I know for sure when writing. Also, these true examples are for impact.

we had a "DEAD EXAMPLE" recently...........remember?.....which was done by broker and a bank together.......... Sad

(As I remember) The TR**K maker ! I am sorry !!

13I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Mon May 09, 2011 11:31 am

Meta Trader

Meta Trader
Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
good one

14I want to be Rich. Oh! Oh! Empty Re: I want to be Rich. Oh! Oh! Thu May 19, 2011 5:06 pm

raa


Manager - Equity Analytics
Manager - Equity Analytics
People forget that the stock market is an alternate means of wealth generation. Not everyone can or will be a stock market billionnaire but it's ok. My lunch, phone bill, petrol, utilities don't cost a billion either. It's just an alternate investment from putting your money in a savings ac.

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