Wealth Creation

Wealth = Liquid assets / (Expenses - Passive Income)

Liquid assets do not include the house I living in.. unless I want to downgrade?

Steps
1. "What is the Lifestyle I want? "
Then..
2. Design my investment Strategy

***I. E. I need to trade and invest and combine both to fit the lifestyle and needs that I want. .

Questions :

A. What are the skills I need to gain?

B. By when do I want to achieve the steps above?

1 year to come up with the strategy

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For Index. .E. G.  STI

Analogy : 150 day MA = fat man
50 day MA = skinny man

Buy when 50 day cut 150 MA and both slope up

Sell when 50 day cut 150 MA and both slope down..

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Conrad

When interest rate rise.. buy the index. .until interest rate reach ard 3 percent

(For buy based economy like US)

***don't buy Gold during Market crash!!!
...but gold will recover first before economy stock market recover

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Inverted Yield curve ..

**** go to Conrad blog to download the yield curve. .

When the yield curve bends... 6 mths to a recession! !!!!

***when companies buy back own shares.. EPS will increase and look good. ..???

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Yeo Keong Hee quotes

1.Successful traders and investors are doing NOTHING most of the time! !!

2. Yes. . Demand for eating is always there. . But not everybody will buy your food

3. If you cannot systematically develop an edge that fits you and your market.. you will leave it to chance.. and chances is you will FAIL! !!!!

4. The key to success is the right reconditioning of my mind.. the ability to DETACH myself from my emotions, the herd

5. How you use the tools (E. G. FA, TA..) is far more important than what tools you use. .