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Showing posts from June, 2011

Why I like to play Monopoly?

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Playing Monopoly is fun, I think one will doing good in stock market if understand the meaning of the game.  Start with 10 thousand, one may end up become very rich or bankrupt. Each time, when past the “Go Starting Point” the player can collect some money, I call it monthly salary.  . So, how to become rich in this game? By collecting “monthly salary”? No. The purpose of the game is to generate passive income with the “Asset” that can collect “rental” or “income” when you upgrade it. But, the “Asset” can not be bought, it need to wait for opportunities. We may not know when opportunities will come, hence some extra money on standby basis is very important.  When it's you turn, you need to move or take action but the outcome is depend on luck and opportunities. Some time you exchange or trade with other user certain “asset”. The purpose is try to keep the best Asset that you feel good to generate the passive income. The priority here is passive income instead of capital gain. .

How good is your knowledge as speculator?

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I have gather some of the below points, especially for those who like to trade a lot in Stock Market, at least you need to know the answers for below questions: 1. Is stock market a kind of game? Stock market always change, we need to follow the condition, make decision base on the card on our hand. If you take the bad card, try to minimized the loses, in this case, good card will win more, whereas bad card will lost less. 2. How do you decide when to buy or sell?Look at stock market as a forest instead of a tree, when stock market down, almost all the stocks will follow. 3. What is most important when buying a stock? Timing – if you buy at wrong timing, even the good stock will not going to make any profit. 4. What contribute to stock market's short term movement? What others think - it's technical condition base on buyer and seller's decision, if more buyer than the seller, the price tend to go up. 5. What contribute to stock market's mid term movement? Inter