Is it Wrong not to take risks?

pierre^^ SG

two days ago went our with 2 frens to vivo

den they started talking abt finances and investment in shares

so they ask me what i wan to do in future

i reply i jus wan a stable cubicle job lor, doesnt matter which company as long pay is decent enuff

so they chided me for lack of ambition

One say he going to invest in stocks, the other wans to buy up companies that are in the mindst of bankrupcy

but to be honest i tink their fiances pooled together is enuff for 1 lot of shares oni

den they started like expert saying which share good, den look at what balance sheet

Somehow in their eyes i am useless, and in my heart i am very tempted to tell them hor, i dunno see on tv how many times so called experts like them, also kana burned.. plus they haven even started investment yet

Oh ya to prove their superiority, they brag to me they reading books like making money etc.. and i only read storybooks

Sianz.. wad is wrong with stability? Can i choose the life i wan to live sia..

but i still love my frens all the same despite our differences, coz noe them for more than 10 yrs le

kenn3th SG

relax la.. urs is the most secure way of living

earn enough money to,
buy a car, with $ left
fully pay ur hdb,
so u can buy a condo in the long run, and use those rents to pay the house loan. Very Happy

theirs right is risky as one step means death if they do nt have capital
they may earn alot, but if something bad happens, it's sayonara to them ... they may be happy now, but it may nt be alwayz like that Wink

aku1b0d0 SG

it's ok to take risks, as long as u know how far u can go.

but buying a company that will go bankrupt anytime? that's more into stupidity.

thelesis SG

those people know how to talk but no action. work hard is more realistic..

charlemagne SG

You hear ppl taking risks everyday, you also hear of them facing the consequences of their decisions everyday, but what you never hear is that most of the time when we are sleeping soundly, they are worried sick…

browniebaobao SG

Laughing

1 lot of shares nia wana buy over the company?

talk big!

it's not wrong not to take risk la.. but no risk, no gain also..

also, no take risk = no loss.

depends on how u see it.

yxTay SG

Not only on TV lor. The Sunday Times have these theoretical investments by a few experts. The best portfolio received less than 10% of gains. The worst one don't know lost how many percentage lor (think it's more than 40%, can't remember well). Scary reality.

MingFreeman SG

Ignore them. Just do what you are comfortable with. Living a stable and secure life is nothing wrong.

From their strategies, it looks like they are taking stupid risks. Its not wrong not to take risks but it is wrong to take stupid risks. Laughing

DriftingGuy SG

The really good investors dont come out talk big big la. Actually life itself is already 1 big risk. You risk getting bang down by car when you jaywalk. You risk getting hit by brick when you walk below HDB flat windows. You risk getting reprimanded/rejected when you make new suggestions to your boss.

Its impossible not to take risk Laughing

Parka SG

Before you even start thinking about making investments, please read up on basic economics and accounting. Always do research.

Enigmatic1 SG

To avoid risk is to avoid life.

You may want a stable job, but when you take into account future prospects for Singapore and the job market, this desire is not realistic. Learning how to create and run a business is the way to go if you desire stability for the long term.

FireIce SG

ppl have different ways to manage their personal finances

let them say wat they like

end of the day, see who richer.

fymk SG

High risk High gain High Losses - to play that - u need money and alot of luck with an indepth knowledge of probabilities in the economics of the world

Low risk low gain low losses - to play that - u use excess which u can contain your losses within

Which one is better? Nothing wrong with your choice - my relative made it with a stable job, a house then when he had excess he saved it to buy blue chip stocks . He is quite well off now - stable , happy and with a family. He make losses but those losses are what he can afford to contain ...not the high risk losses which can bankrupt the whole family.

Anyways those so called financial books are actually making the authors richer. What is so great about that ?

charlize SG

Knn, if they so good, they will be millionaires by now.

Still talking?

Pfft. Laughing

[email protected] SG

I only have 1 sentence.

" You will know how far you will go unless you try."

Lorry` SG

some risks are worth takin, in my opinion .... (but some r not, it's up to u to decide actually)
but whats life without risk Wink

laurence82 SG

always take things in with pinch of salt

some people, so boastful that if you really allow them to go on, they prolly want to convince you that they went to the moon before

Confused

missqi SG

To each his own.
Wink

Y_Shun SG

maybe they still in their sweet dreams arh.... Sad

Ito_^ SG

no its not wrong.

they are full of hot air only. dun get carried away by their fart, otherwise u'll end up in crap.

in the end, they oso will spend their days struggling to keep up with their cubicle jobs.

but i cld be wrong. Laughing

bottomline, i think u're right. live ur life as u deem fit!