I've always thought my blog is one darn boring one - all about myself, myself, and myself. Interestingly I realise I do have silent readers all these while and they surface when I write about one sensitive topic - money.
My friend and I were just discussing about just how much emotions we have placed on the value of money. Money - a mere consideration for something - service or product. But because we've spent much effort and time to earn money, we have, over time, placed value, and emotions to money. After all, some money, once gone, is gone because time has flew by and we no longer have that opportunity or time to earn back the same amount anymore.
And that generally sums up why there are so much issues and pain over the recent failures and losses incurred.
Money means different things to different people. I can understand the pain of losing money, because I am one very low risk investor and gets all upset now when I see my equity portfolio shrinks to the size of a peanut. But that does not mean that I should expect everyone feel sorry for me. Because I still stand by the fact that it's was a decision made by myself, under no pressure or obligation, to get into Cosco, or bought AUD.
I hope everyone of us can take back something positive after this whole saga. To learn to take responsibility for our actions. Of course, for those innocent victims, then it's for them to ensure someone bears responsibility for their action!
6 comments:
You said you are a low risk investor but you have high risk products in your portfolio. Don't you think you are confused self contradictory, eh?
You see most RMs and also insurance agents are confused about risk and risk tolerance. They think making customers filling risk profile form is all that is needed to 'discover' the risk tolerance. AS a pyscologist, you know that is not true. Poeple are idiosyncratic . They say something but they do something else just like you.This can be atrributed to a number of reasons.One most glaring reason is lack of knowledge. Agree or not agree it is a fact that RMs and insurance agents are not competent, assuming all are honest, and they are a danger to the consumers at large. Consumer banking is the most profitable but unfortunately they have the 'right' people with right attributes to 'serve'and help consumers to unload their retire ment fund into dubious instruments.
From your contents, it's obvious that you are not in this field and I shall not dwell too much to give you free lessons on portfolio allocation base on risk profile.
Dont be too quick to comment without thinking through what you wrote. You are not clear of how much I have in stocks versus my cash holdings to make a judgement here. However, I do agree with you on the part of people ebing idiosyncratic, investors included.
Aiyoyo. asset allocation? to match risk profile...so simple. The computor can do it why need you.
Buy online, those who don't have computor or not IT savvy will escape especailly the old people, uncles and aunties, the long arms of these unethical salesmen. Only the educated ones, too smart one,the pretend to be smart ones, the MBAs, can just do their own risk profile and phooooooo, out comes a portfolio taylored for the clients.
Anyway i don't think I can understand your very chimp or chim talk on investemnt or your cosco stocks.
No need for RMs or consultant or insurance agents anymore, right?
It is good... because the market is not created to enrich these greedy and unqualified people to help them with LV bags, mercedes or suv.
Looks like you either don't understand my guest rules, or you're just dying to be a fool.
Anyone with eyes can see how educated you are - from your spelling to sentence structure. No wonder you don't understand what I'm talking about and since you don't, don't pretend and comment something which is out of point. I'm referring to asset allocation for MYSELF. I suggest you go back to school and improve on your comprehension first.
I suspect you are just one jealous freak who doesn't even have 0 levels to get the license to earn money. Oh well, perhaps even if you get in, your POWDERFUL English would most likely land you in deeper shit in what you write.
Free Lesson: Tailored, not TAYLORED.
suggest you take a look at your own english. you can/t spell nor use proper grammar.
Hmm.. shan't even talk to someone who spelt "CAN/T". HAHAHAHAH!
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