Thursday, January 18, 2007

You need a strategy that’s all your own

The basic investing principles have been more or less the same over the years. But for each of us, we need a different strategy. That’s because every one of us is unique. Your lifestyle, financial standing, education, family background, temperament and risk-tolerance are in a class of your own.

Having 10 million ringgit to invest is entirely different from having only 100,000 ringgit
Therefore, it is essential that we understand ourselves first before we start our investment.
We need to know our own strength and our own weakness.

You are unique. Your plan must suit you. Never do something without a plan.

Plan not to fail and fail not to plan.