coming from a lower-middle family (by the way it seems the word 'middle' has been of a topic these days due to Budget2007; or should it be upper-low family for me then? heh. ), it has always been part of my goal to break out of the poverty cycle. how should i go about it?
through interactions and readings, there seems 2 probabilities: 1. start your own company; 2. investments.
i began to read books on finance, did a couple of finance modules, visit the SGX website, read the straits times esp. the back of it, and then advise on my parents on investing from what i learned.
It has been said that students can't or shouldn't invest as they dont have the right education much less the capabilities. Contrary to this belief held by the older generations, the best time to invest is when we are students. Besides the principle of compounding, we should start off young, esp in our student heydays because we have the ability to access the different knowledge 'vehicles', the books, the internet financial porters, the hardcopies of the annual reports available in the libraries. In addition, we are at the age where we have 'matured' and hunger for new and more knowledge coupled with the drive and youth on our side.
With much readings and practices, the transition from paper trading to real-time investing wouldn't be without a hitch but we make wiser decisions with the analysis that is backed by real knowledge of financial figures and qualitative reasonings.
And that brings me to where i am --- investing
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