It's not speculation. The stock was EuYanSang at 30+ cts, and my
gf merely observed their good business when she was at HK.
There may be a huge sell off soon, but seriously it won't bother
me that much at the moment. Because my main aim is to generate
cashflow not via the market alone.
While it is possible to earn via trading, and I do it sometimes,
I find that it contributes little value-add to the economy. This is
one reason why I have moved off that.
To get a 7-figure amount, you need at least a 1000% return on
your 5-figure, assuming it is on the higher end. I don't know your
time frame nor your situation, but do remember that the world's
greatest investor achieved a 25% compounded annual return over a
period of 50 years, and with lots of control, information, and
people to help. Either that or you have to supplement with a
pumping of a high 5-figure sum a year to hit that amount. I prefer
the latter.
I have to add on that strategies and returns also depends on the
amount of cashflow you have outside the market. Basically, anyone
putting $$ into the market in the early months of 2009 will see
nearly 100% or more in returns. The difference comes when you have
a 5 figure sum to spare every 2 or 3 months. What are you going to
do with it?
Well at the moment i'd still pool as much money as i can into my
investment strategy.. Times like this come once in a long long time
i have an exit strategy and i'm not gona miss it. Right into the
decades to come there are still so many investing opportunities..
slowly putting part of your 5 figure sum into those and you'd be
retired in no time lol
