Investing is a personal thing, just like seeking a religious path. There are various schools of thoughts. You just need to pick the one that is best suited for you. At the end of the day, we just want to have enough money to do the things that we like and want to do.
Work when we want to, not when we have to.
Recently, I attended this webinar where the speaker was telling people to buy a stock when the price has achieved a “new high” in the market. This was different from what I would do, as I would look out for stocks which are “dirt cheap”.
But it was interesting. Both ways are right. When you buy at “dirt cheap”, you need to wait a long time for the stock price to rebound. When you buy after the rebound, as the price is rising, then you don’t need to wait that long. So it depends on whether the investor has the patience to wait or not.
Investing can be boring at times, but it’s a safer bet. If you want fun, go to Genting. Or you can play Squid Game, if you have the guts! Just kidding. I just started watching this Korean drama last night. It only has 9 episodes but it’s really good.
Among the cast are Lee Jung-jae (whom I first saw in New World) and Gong Yoo, who is my favourite.
Money makes the world go round, but please don’t lose your humanity for it.