14 June 2007

A short lesson in life

So I've finished reading Rich Dad, Poor Dad: What the Rich Teach Their Kids About Money--That the Poor and Middle Class Do Not! and well I must say as my friend Bun told me, it is quite inspiring. It was so inspiring I finally got myself to dive in and buy my first stock! Yay! But wait, it's not as good as it sounds.

So I've been watching this particular stock the past month and as I finally decided to be bold and buy 2000 of them at HK$9.02 a piece which comes to HK18040. Ok, so far so good. And guess what, the moment I buy it, it starts falling down. I'm talking non-stop down! Today, it closed at like HK$8.2! WTF!?So well, as inspiring as the book seemed, it did have one lesson that I have finally accepted as true, it said that a lot of people throw a lot of money in buying stocks and other investments, but they don't always put the money in the one asset that is their greatest -- themselves. I admit, I dived in a bit too quick for my own good. I just had a gut feeling and I followed that and look where it left me. I'm a little shy of HK$1000 down and I must say it sucks. I'm tempted to just sell the damn share and give up for now but I'll be bold, let the lesson continue. The worst that could happen is that I lose more money. OK that sucks but the book did also say that people are so scared of losing money, that fear surpasses the joy of making money as well, so they don't take risks. I admit, it's a correct statement but the hard thing is to be able to differentiate risk and stupidity. Like they say, you win some, you lose some.

So what's my great Day 10 wisdom I'd like to shed? Basically that. Oh and also, I've finished my typing exercises and I'm currently touch-typing this entry. Yes I'm still much slower than I normally am when typing with my old bad habit but all I need is practice. The hardest thing is not having my typing as fast as my thinking. Eventually I get fed up and go back to the old way of typing because my thoughts are zooming passed too fast while my hands can't keep up. You may find this post a bit different compared to many other posts in the style of writing simply because of the different typing pace and style. But hey, at least I've accomplished one of my goals of the year. Still got a bunch but hey I still got half a year to go! :)

Anyways, I'm out!

PS. I'm one day early for my Day 10 entry, but hey, I have 1 hour to go only! :D

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