“Basically, I think equity investors had their hearts broken, as happens from time to time in the investment world. The promise of easy money turned out to be empty — as usual — and investors who had adopted overblown expectations promised 'never again.'” - Howard Marks
Wednesday, 18 September 2013
18-Sep-2013 CSE Trade Summary
Crossings - 18/09/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 18/09/2013
Tuesday, 17 September 2013
Quote for the day
"It is important that the trader determine what type of market, trending or consolidating, best suits their own personality and strength. The best traders stay focused on one or the other and master it." - Clifford Bennett
17-Sep-2013 CSE Trade Summary
Crossings - 17/09/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 17/09/2013
Monday, 16 September 2013
Quote for the day
“When I talk to other traders, I try to keep very conscious of the idea that I have to listen to myself. I try to take their information without getting overly influenced by their opinion.”- Michael Marcus
16-Sep-2013 CSE Trade Summary
Crossings - 16/09/2013 - Top 10 Contributors to Change ASPI
Following Stocks Reached New High / Low on 16/09/2013
Sunday, 15 September 2013
Seven Cures for a Lean Purse
1.Start thy purse to fattening
Take one-tenth of what you bring in and save it for the future. The book uses a coin analogy: for every nine coins you spend, take one and put it away for yourself. This is very sensible; a goal all of us should have.
Take one-tenth of what you bring in and save it for the future. The book uses a coin analogy: for every nine coins you spend, take one and put it away for yourself. This is very sensible; a goal all of us should have.
2.Control thy expenditures
Don’t buy frivolous things even if you have enough money to pay for them. Instead, make sure that you can continue to save one-tenth of what you bring in. For this reason, I write about frugality on The Simple Dollar.
Don’t buy frivolous things even if you have enough money to pay for them. Instead, make sure that you can continue to save one-tenth of what you bring in. For this reason, I write about frugality on The Simple Dollar.
3.Make thy gold multiply
Once you start to build up some savings, invest that money so that it will make more money for you. Another pretty clear point; if you start saving money, it shouldn't just sit in a mattress. Even a high-yield savings account is much better than that, and it can double your principal in about fifteen years.
Once you start to build up some savings, invest that money so that it will make more money for you. Another pretty clear point; if you start saving money, it shouldn't just sit in a mattress. Even a high-yield savings account is much better than that, and it can double your principal in about fifteen years.
4.Guard thy treasure from loss
This one is interesting: you should only invest in things where the principal is safe. In other words, the book seems to discourage stock investing. I found this to be particularly interesting given that it was written in 1927, right in the midst of the first big American stock market boom. Of course, 1929 proved the author
This one is interesting: you should only invest in things where the principal is safe. In other words, the book seems to discourage stock investing. I found this to be particularly interesting given that it was written in 1927, right in the midst of the first big American stock market boom. Of course, 1929 proved the author
right.
5.Make of thy dwelling a profitable investment
One should own their own home rather than renting because then money can be invested in the home or invested in other things rather than handed over to the landlord. Something tells me that this lesson applied better before people were looking at homes that were three or four times their annual income.
One should own their own home rather than renting because then money can be invested in the home or invested in other things rather than handed over to the landlord. Something tells me that this lesson applied better before people were looking at homes that were three or four times their annual income.
6.Insure a future income
In other words, invest for retirement and your family’s well being after your passing. You should be dropping some Hamiltons right into your retirement account if you can possibly afford it.
In other words, invest for retirement and your family’s well being after your passing. You should be dropping some Hamiltons right into your retirement account if you can possibly afford it.
7.Increase thy ability to earn
Work hard, look for opportunities, and educate yourself. Today, a college education is one of the best investments you can make; I'm not saying that it’s a requirement to be successful, but it opens the door to greater possibilities.
Those who wants to download the whole book please find from the following link.
http://www.ccsales.com/the_richest_man_in_babylon.pdf
Happy reading.
Work hard, look for opportunities, and educate yourself. Today, a college education is one of the best investments you can make; I'm not saying that it’s a requirement to be successful, but it opens the door to greater possibilities.
Those who wants to download the whole book please find from the following link.
http://www.ccsales.com/the_richest_man_in_babylon.pdf
Happy reading.
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