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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.

2 comments:

joe said...

I find your articles are useful and helpful. Thank you very much. May I ask for guidance/advice to develop a strategy for a middle age person who has only about 1 hour a day for stock investment?

Ben Gan said...

Safety of principal is your first priority. Buy only sound solid companies with good earnings growth.Earnings yield is important.
Know who is behind the company. If you don't like the management, ignore the company. Know what you buy. Your remiser is paid to help you. If he can't do that, switch.
You know yourself best; so you have to design your own strategy.
Give it some thought, it's not so difficult. Good luck.