Sunday, September 7, 2008
Preparing to be a Millionaire
.With all the news about high oil prices, downturn of the economic, recessions, it sounds pretty gloomy right? But it's different with me because I'm preparing myself to be a millionaire. My target is to invest in two vehicle during the recession. I know recession is a taboo for everyone but I look at it as an opportunity. Expect it to be in mid 2009 so I'm preparing for it....
My preparation is to invest in stocks when the stocks falls below 800 KLCI index so I'm preparing my self to find out which stocks would be the best stocks. Listening to the CD by Mary Buffet helps I guys.... I'm still browsng around. (More on buffetology too). And sell the shares when the KLCI index is around 1100(50%), 1200(30%), 1300%(20%). I've identified a few shares but they're way too high now.
My next preparation is capture the downturn in the realestate as well. I'm trying to browse and look for a target location and understanding the property cost. I'm still ambivalent of which areas to look at whether in Bangi(where I lived), or in Kelana Jaya(my dads) or Bangsar (the high end). I should really be focused. I plan to go for the auction on 20th, so I'm doing my homework, hopefully I can finish it up. I do too much planning and too little action but I can't blame myself either to be cautious after my boo boo with my first realestate investment.
My preparation is to invest in stocks when the stocks falls below 800 KLCI index so I'm preparing my self to find out which stocks would be the best stocks. Listening to the CD by Mary Buffet helps I guys.... I'm still browsng around. (More on buffetology too). And sell the shares when the KLCI index is around 1100(50%), 1200(30%), 1300%(20%). I've identified a few shares but they're way too high now.
My next preparation is capture the downturn in the realestate as well. I'm trying to browse and look for a target location and understanding the property cost. I'm still ambivalent of which areas to look at whether in Bangi(where I lived), or in Kelana Jaya(my dads) or Bangsar (the high end). I should really be focused. I plan to go for the auction on 20th, so I'm doing my homework, hopefully I can finish it up. I do too much planning and too little action but I can't blame myself either to be cautious after my boo boo with my first realestate investment.
Labels: millionare investor, preparation, real estate KLCI warren buffet, Secrets of Millionaire Mind, stocks
Wednesday, August 8, 2007
Opportunity
Hi All,
The stocks went down this morning but turned back up around noon. Somehow I just called my remiser, found a good price on the stock that I was eyeing on and bought some shares. Did my homework and ask a friend for advice. Great day for me.
Talking about stocks, Sharon Leichter(business partner of Robert Kiyosaki, the author of rich dad poor dad) talked about the 4 quadrants(employee and self business owner on left quadrant, business owner and investor on the right quadrant. U can be all 4. I'm an employee, an investor and starting to be a business owner. In conversation with millionaires, Sharon talked about if u think investing is risky, not investing is riskier. Just imagine if u're out of work when you're at a non-sellable age, could you survive for more than 6 months. It's scary isn't it if you don't have anything else to back on. Think about it. Cheers
The stocks went down this morning but turned back up around noon. Somehow I just called my remiser, found a good price on the stock that I was eyeing on and bought some shares. Did my homework and ask a friend for advice. Great day for me.
Talking about stocks, Sharon Leichter(business partner of Robert Kiyosaki, the author of rich dad poor dad) talked about the 4 quadrants(employee and self business owner on left quadrant, business owner and investor on the right quadrant. U can be all 4. I'm an employee, an investor and starting to be a business owner. In conversation with millionaires, Sharon talked about if u think investing is risky, not investing is riskier. Just imagine if u're out of work when you're at a non-sellable age, could you survive for more than 6 months. It's scary isn't it if you don't have anything else to back on. Think about it. Cheers
Labels: millikonaire, millionare investor, Quadrants, Rich Dad Poor Dad, Robert Kiyosaki, Sharon Leichter, stocks
Monday, August 6, 2007
Fear: White Water Rafting
What a great weekend. Last Saturday, a group of us from work(all nine of us) went to northern of Malaysia at Kampar River, near Gopeng to do white water rafting. We're all newbies..... I was pretty excited about it until we had the briefing...then I realized that I may fall out of the raft. A tinge of fear crept in and I continued and learn about the water raft position and what not to do and what you really need to do. Forget my fears and jump in. I had such a blast.........It was a great weather(I visualize that too) and the water was great. Cool, clear waters and pollution free. It was almost heavens. Things that I learn from that trip was the small things that I discover about my friends who joined in. I felt a little closer to them and came to work with enthusiasm. I found something about myself too...Just DO IT...ya that's right
The stocks went down last week and opportunity is everywhere...U just need to find it. I hope to be a millionaire investor as well.
Mike Litman's conversation with Millionaire Chpt 5 .with Robert Allen ..Robert Allen has a book called Multiple Streams Of Income and website http://multiplestreamsofincome.com
One thing that intrigued me was what he said about if you have not planned 5 years ago to have 4 to 5 extra streams by today, then you’re probably holding onto one stream of income hoping that the storm is going to blow over and not affect you. He believed that need multiple streams of income from different sources.
Internet is one of the place that you can do that…don’t you think?. It’s such a passive income. Residual income is what you want - U work once and you get paid thousand of times…unlike normal employee who get paid only if you work.
The stocks went down last week and opportunity is everywhere...U just need to find it. I hope to be a millionaire investor as well.
Mike Litman's conversation with Millionaire Chpt 5 .with Robert Allen ..Robert Allen has a book called Multiple Streams Of Income and website http://multiplestreamsofincome.com
One thing that intrigued me was what he said about if you have not planned 5 years ago to have 4 to 5 extra streams by today, then you’re probably holding onto one stream of income hoping that the storm is going to blow over and not affect you. He believed that need multiple streams of income from different sources.
Internet is one of the place that you can do that…don’t you think?. It’s such a passive income. Residual income is what you want - U work once and you get paid thousand of times…unlike normal employee who get paid only if you work.
Labels: internet marketing, Mike Litman, millionare investor, multiple streams of income, robert allen, stocks, white water raft
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