I wrote this post because this month there were some huge changes in my life, in terms of my financial health. Some of the things that happen this month were:
- I started trading (actually I started learning how to trade near Feburary)
- I am now using all the financial knowledge I’ve acquired in 2008
- I have close my account from POSB MySavings
- I have withdraw a huge amount of $ from my Citibank Savings Account
- I have started trading daily (nightly) on the NYSE, NASDAQ and AMEX stock exchanges
And so, my advise is if you want to get rich quick but not that quick (with some efforts) you should do something by converting your cash into assets, and let it grow.
Picture a game of Monopoly and play the game. If you have $5000, would you buy pieces of lands and train stations or would you keep your cash in your pockets ? You would most probably run out of cash after a few rounds if your opponents own those other assets, build houses and hotels, and you hitting their spots.
I would also take this opportunity to introduce my new website (other than my music, gaming and golf site), my NYSE and NASDAQ trading daily blogs. Here in this blog I talk about some tips I’ve discovered, some other tips by other experts, viagra online pharmacy some buy and sell recommendations and my daily blogs of stocks I purchase and sell.
It shouldn’t serve as ad advice, for I am not an expert yet, but it would be interesting to see my progress (for me as a blog) and well, I just got to admit my mistakes if I didn’t perform well on this very very dangerous, volatile and face paced stocks exchange.
Finally I’ll have a big update near July on my monthly money management stuff !
:) 