The No.1 Investment Mistake You Do on or before 2009

[wealthyhead]

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@young investor
apology accepted


I know young people now are more intelligent & smart. They don't want to make the mistakes of people before - and that's actually good.

I agree knowldege is very important but it is just part of the whole equation of success. Right attitude is more important.

Being in business is one of the best ways to invest and many people have succeeded - no doubt about it.
But there are also people who are into other kinds of investments like stocks, mutual funds, etc. and also succeeded - no doubt also.

My point here is that we should not limit ourselves to believe only to our ways that made us successful.
Other people with good attitude (whatever field they're in) also succeeded, so we should also try to learn from one another - that's Synergy my friend.

We should not be like some close minded smart people...
some people's mind & eyes are blinded with the knowledge they have.

We should have the right attitude...
we could believe whatever we are seeing as it reveal itself.

[wealthyhead]

Now for clarification, “investing stocks is also designed for long term” if you may allow me to add to it? Yah that’s right it is designed for long term but “to whom?” and “when it is designed for long term?”

A good example for long term is for retirement. Like for example, if you're still 22 years old now, you still have 20, 30 or more years until you retire. Now that's long term.

But let's make it clear, investing is not just putting money into something and then do nothing anymore. We still have to work hard but part of our income or profit should be invested for long term and part for short term.

[xylo]

A good example for long term is for retirement. Like for example, if you're still 22 years old now, you still have 20, 30 or more years until you retire. Now that's long term.

But let's make it clear, investing is not just putting money into something and then do nothing anymore. We still have to work hard but part of our income or profit should be invested for long term and part for short term.

I agree!

[young investor]

[quote=KingBooker;4625631]

Huwag po sana ninyong pagkamalian! I’m not bragging something it is my way to learn more things like the Supreme Court of the Philippines said “have some rebuttal or debate so the truth will come out”.

For almost years of searching I observe until now, many people invest in a same way like others did before. As Robert kiyosaki said the rules of money were change and continue changing.

Bro, I'm sorry ha pero you tell us that you're not bragging but you act like bragging.

Yes, you mention it that it was 15 years ago or long time ago nani ang stock investing pero nganu naa paman ni karon? if this is not working anymore why stocks investments are still exist today?

Yes, rules of money change and continue changing but it doesn't say it will not come back.

And for the last, if you said nga it's a mistake why sa akong dummies stocks investment I was earning 8k++ in my initial 20k? I started April 25 last month, it's not yet 1 month but i've earn almost 50%.

last example, my friend initially invested 100k in stocks thru citiseconline, And now he told me he is already earned MORE THAN HE EXPECTED. I cannot get proof on his account or even just a screen shoot but i'm telling you that it's TRUE.

(Although your status is newbie, but you seem like the same person who commented earlier on this thread) lol

Peace!

Maybe there is something wrong in my grammar! Hhehehehe! That’s why some misinterpreted my post?

For clarification only, I’m not saying the “STOCKS”, what I’m saying is the process of investing in stocks or other paper asset.

I quote this “rules of money change and continue changing but it doesn't say it will not come back”. If your point is the rule of money, definitely it would not come back! New age new rules, coz different bread of people emerge.

As you said you earned almost a month! Good! That is short techniques not long term investing. We must know the different between long term investing and short term. So you made me right!!! And to make me more right don’t touch your stocks, hold and wait, let it grow by means of long term as others suggest. And let us wait within five years and you will see what will happen next.

Sorry I’m only new here, maybe you just misinterpreted my post. What I said is in our age now, it is my belief, that long term investing for almost 10 to 30, or 40 years until you retire, is so risky. It is better to manage it by your own instead of others.

[young investor]

A good example for long term is for retirement. Like for example, if you're still 22 years old now, you still have 20, 30 or more years until you retire. Now that's long term.

But let's make it clear, investing is not just putting money into something and then do nothing anymore. We still have to work hard but part of our income or profit should be invested for long term and part for short term.

gosh!!! 20 or 30 years you killing me! it's too long, it is more risky!

yah right long term is good for average investors but if you want to be wealthy and retire young don't be average!!!

[young investor]

A good example for long term is for retirement. Like for example, if you're still 22 years old now, you still have 20, 30 or more years until you retire. Now that's long term.

But let's make it clear, investing is not just putting money into something and then do nothing anymore. We still have to work hard but part of our income or profit should be invested for long term and part for short term.

opps, sorry wealthy head. i forgot to say, what you're trying to point out is not "INVESTING" maybe it is a little part of investing but not investing, it is a one of a process but definitely not investing in real sense of the word! forgive me!

[young investor]

@young investor
apology accepted


I know young people now are more intelligent & smart. They don't want to make the mistakes of people before - and that's actually good.

I agree knowldege is very important but it is just part of the whole equation of success. Right attitude is more important.

Being in business is one of the best ways to invest and many people have succeeded - no doubt about it.
But there are also people who are into other kinds of investments like stocks, mutual funds, etc. and also succeeded - no doubt also.

My point here is that we should not limit ourselves to believe only to our ways that made us successful.
Other people with good attitude (whatever field they're in) also succeeded, so we should also try to learn from one another - that's Synergy my friend.

We should not be like some close minded smart people...
some people's mind & eyes are blinded with the knowledge they have.

We should have the right attitude...
we could believe whatever we are seeing as it reveal itself.

If you may allow me to disagree with you, “RIGHT ATTITUDE IS MORE IMPORTANT”? Can I ask you something? Do you know what part of human is attitude? Or where attitude came from? Psychologically speaking, attitude is the results of either direct experience or observational learning from the environment or directly speaking, knowledge of persuasion. So to manage ones attitude you must control it by rightful knowledge or wisdom. Actually there same in one family! So wag nating pagawayin, all are come from brain.

Biblically speaking, the most authority of all books it says in proverb “wisdom or knowledge is the head of all things” I rather to believe in bible than psychology book.

Others succeed in paper asset coz they have knowledge in business. Knowledge controls attitude. and another one you said "being in the business is ONE of the best way" can i correct it? in investing, business is the best best way and no other!!! why coz what you invest in like stocks, mutual fund, bonds, real estate and etc. actually are business. my friend forgive me please if i'm frank, stocks is a piece of ownership in the business, mutual fund is also form of business, and etc. so don't tell me business is ONE of the best. . . . what you are stating are all business.

If you will say “close minded is negative and being open minded is positive” if that what you mean. . . . Kung ito ang ibig sabihin mo? I strongly DISAGREE!!! I’m sorry I beg to disagree (2nd emotion).

What I learned being close or open minded person is neither negative nor positive, it is always depends how and where you going to use it.

True and genuine knowledge don’t make you blind! It will give you multiple of sights!!! I prefer to be smart than to be idiot. When you say attitude it does not necessarily mean it is GOOD. Coz others have bad attitude. As you said “right attitude” why? Is there a left? I mean wrong? Yes there is!!! There is no such word wrong knowledge or bad knowledge, wrong wisdom or bad wisdom. When we say WISDOM OR KNOWLEDGE without any doubts, certainly or automatically it is POSITIVE.

Before we believe use knowledge to scrutinize it, with wisdom everything is already reveal even it is not yet seen.

[young investor]

this is what i'm talking about, please don't misunderstand me, thats the reason why wisdom is so important than anything else. coz without it others may mislead you in reality and in truth.

in the world of investing, financial intelligence is most important than anything else, without this we will never be a real investor. have a nice day!!!

[wealthyhead]

gosh!!! 20 or 30 years you killing me! it's too long, it is more risky!

yah right long term is good for average investors but if you want to be wealthy and retire young don't be average!!!

is business an investment? --> yes.
do you expect to profit rightaway? --> of course not.

are you saying most millionaires now are average because they're patient to wait LONGER for their investments (business) to grow?

[KingBooker]

[QUOTE=young investor;4634289]

Maybe there is something wrong in my grammar! Hhehehehe! That’s why some misinterpreted my post?

For clarification only, I’m not saying the “STOCKS”, what I’m saying is the process of investing in stocks or other paper asset.

I quote this “rules of money change and continue changing but it doesn't say it will not come back”. If your point is the rule of money, definitely it would not come back! New age new rules, coz different bread of people emerge.

As you said you earned almost a month! Good! That is short techniques not long term investing. We must know the different between long term investing and short term. So you made me right!!! And to make me more right don’t touch your stocks, hold and wait, let it grow by means of long term as others suggest. And let us wait within five years and you will see what will happen next.

Sorry I’m only new here, maybe you just misinterpreted my post. What I said is in our age now, it is my belief, that long term investing for almost 10 to 30, or 40 years until you retire, is so risky. It is better to manage it by your own instead of others.

Bro, first of all this is a nice and healthy conversation.

Now, don't be close minded that being a "New rules", "New blood or breed", anything what you call it - is not thinking about the old ways. Some things will do come back but in different time. May not be the same totally but the essence do. For example, we are in Financial crisis which already existed in several years ago. But you do know that this economy will come back. That being said I take the risk to put up an investment thru stocks. Now this way is already existed several years ago, Isn't it?

I do believe you read RK books, that's great. But maybe you miss one point he talking there - knowing the Opportunity! Presently we are in Financial Crisis today do you think this is NOT the RIGHT Opportunity?! - coz I do believe it's the Right Opportunity.

Obviously you will talk about Financial Intelligence, now if I invest a stock today which is the price are low then eventually in next few months when the economy will recover this price will increase, then I'll sell. Long term or Short term as long as it's earning - What's the Difference? I think that's one point of being a Financial Intelligence means. There is risk but I'll take the risk. I do believe this is the topic of this thread.

Oh By the way, this is not the only thing (stocks) I invested. I just see the Right Opportunity!

Thanks bro!

Have a nice day!