Unlike gambling, trading has no ultimate win or loss, the method of investing consist of having the right mindset and ability to choose the right companies, and reduce your risks. Companies compete with others in the same sector, innovate their products and provide better services, thus leading their stock prices to rise. Why? At the end, good companies will be rewarded!
This, in turn, leads the stockholders of that firm to earn greater profits. Hence, trading is not gambling.
“The secret to successful investing is to figure out the value of something — and then pay a lot less.”
I started off my journey 10 years ago, right after national service. After reading Rich Dad Poor Dad book, I set my direction to be an Entrepreneur and Investor. During the 1st 2 years of my journey, I learnt a few tips and tricks while making a lot of costly mistakes.
As I was young, and eager to start out, I attended an entrepreneurship program, which is heavily marketed as “How to start a business with little or no money” from EAP, which gives me little to no value in entrepreneurship… It is more of a motivational course, and they are no longer around…
Another Program i attended, MIP, which is also heavily marketed… however, I would say it is still a good program, 50% Motivational 50% Content to learn more about value investing. I spent time and effort to learn, however, the system they provide requires me to pay and pay more to learn more about the basics of value investing.
And these 3 books below are my favorite investment books for all beginners and investors.
Therefore these are the tips and tricks to do whatever you need to do.
Choose wisely who you want to learn from… Do you want to take a motivational course or a program that you can learn and apply for business or for investing.
Do a quick research, review their testimonials and and ask more questions with regards to the support they are going to give.
Ask if you need to pay more to learn more, and compare what kind of value you are going to get.
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