For an average joe in his 40s, the only way to level up in life is through investing/trading

[Mr.Canberra]

It’s IBKR. The broker just liquidated and I lost more than 60k in total I don’t have money to topup! The IV expanded so much even I topup 10-20k also not enough. But also my fault being so over leveraged!

I quitted Forex trading as account exploded a few times before. Trading on margin is very risky. Tio margin call is normal to me then.

At the peak of the madness I have close to US$1 Million on leveraged positions.

Never use big positions to earn peanuts profit. That was my mistake.

Invest in small amounts in each counter/fund to create a well diversifed portfolio to manage risk. Buy and hold long term. Reinvest your profits during market corrections.

 

[Mr.Canberra]

lucky i started at 35yo. Suffered major losses and now its time to restart proper. if anyone who is gonna start at 40, i think better to have a mentor.

Don't do trading. Just buy and hold long term. Don't all in on just a few counters like MasterLeong. If win can win big but also can lose your pants too.

Have a well diversified portfolio.

 

[donut88]

I got some money in SRS account (DBS)

Any one can recommend what can I invest? Also I need to know what platform can go to invest

 

[dreamcast18]

I got some money in SRS account (DBS)

Any one can recommend what can I invest? Also I need to know what platform can go to invest

if u don't know any basics.. S27 for SP500; can purchase via POEMS

 

[Potato_Wedges]

I quitted Forex trading as account exploded a few times before. Trading on margin is very risky. Tio margin call is normal to me then.

At the peak of the madness I have close to US$1 Million on leveraged positions.

Never use big positions to earn peanuts profit. That was my mistake.

Invest in small amounts in each counter/fund to create a well diversifed portfolio to manage risk. Buy and hold long term. Reinvest your profits during market corrections.

Yes...this is one of the safest investment method. Unfortunately, many are greedy to sell. In the end, cannot even buy back. Good example is DBS & Palantir.

Just hold forever. Your kids will thank you in future.

 

[donut88]

if u don't know any basics.. S27 for SP500; can purchase via POEMS

I have POEMS account and the app. But how to buy ? I can't seem to find sp500 in the app

 

[dreamcast18]

I have POEMS account and the app. But how to buy ? I can't seem to find sp500 in the app

Ticker is S27

make sure ur DBS/UOB/OCBC SRS is linked to ur POEMS.

 

[dereth]

I AGREED WITH THIS... there are some ppl think they can turn 50K into 7 mil....

It's not impossible if there's a right time and right place with the right opportunity.

 

[0218crawford]

I traded futures options even more leveraged but now I stopped and settle for TQQQ options at most.

u mentioned about hedges, since u have airbag in the car, the crash should be survivable.

whats your bread and butter strategy for Tqqq.

 

[ZhouXingXing]

yes trading is one way but its never easy tbh..

first you need to have the resource aka $ and you need to know what to invest and trade as bo bao what you invest or trade will bring you revenue as you can be worse off than before.

 

[kitsura]

u mentioned about hedges, since u have airbag in the car, the crash should be survivable.

whats your bread and butter strategy for Tqqq.

I didn't blow my account what I'm almost back to normal probably by year end can reverse all losses.

If drop like siao (2% red) then I quickly go short some put options. If kenna assigned then wait for it to chiong up then short covered call options and hope it gets called away.

 

[0218crawford]

I didn't blow my account what I'm almost back to normal probably by year end can reverse all losses.

If drop like siao (2% red) then I quickly go short some put options. If kenna assigned then wait for it to chiong up then short covered call options and hope it gets called away.

ok then i understood wrongly cos u mentioned broker liquidated your positions after u din respond to the margin call.

 

[kitsura]

ok then i understood wrongly cos u mentioned broker liquidated your positions after u din respond to the margin call.

Margin call is liquidate positions until the margin requirements are met. Blown account is when your losses more than the profit after liquidation.

 

[0218crawford]

Margin call is liquidate positions until the margin requirements are met. Blown account is when your losses more than the profit after liquidation.

ok. rooks rike just internal injury nia, din uplorry now recovered and on the rise again.

 

[kitsura]

ok. rooks rike just internal injury nia, din uplorry now recovered and on the rise again.

20% loss jialat my whole year earnings gone!

 

[N4E.SI]

Yes...this is one of the safest investment method. Unfortunately, many are greedy to sell. In the end, cannot even buy back. Good example is DBS & Palantir.

Just hold forever. Your kids will thank you in future.

No guarantee the stocks will rise forever

Got some giant stocks lose 50% after years of doing well... like UHG drop more than 50% over past few yrs

 

[starry_starry_night]

Or every week (2 times) 脚踏实地 & 安分守己地买 Toto

This is the worse advice ever

 

[cosmothecat]

coming from a business owner, you're right. biz is too competitive nowadays, almost zero chance to making decent profit anymore.

equity sounds good, but don't all in cash also. all time high, still room to go up. a bit stuck tbh.

local property is still good, but you probably have max out your quota.

The business environment is very tough nowadays, due to competition from China.

Just look at the local F&B scene. Local businesses go out of business, cannot tahan the rising rent and other costs but China F&B businesses open new eateries everywhere in Singapore. The Chinese are able to squeeze out profits from tight margins, similar to their competitive environment back in China.

 

[cosmothecat]

No guarantee the stocks will rise forever

Got some giant stocks lose 50% after years of doing well... like UHG drop more than 50% over past few yrs

Look at Nokia, BlackBerry and IBM

 

[wahlaneh]

Sorry but in SG, your best bet is CPF and property.

Trust me