Then check out Niederhoffer's Practical Speculation to rid yourself of stock market superstition. He takes a scientific, in particular a statistical approach to investing.
The lesson of both books is to invest for the long term. Although there are lots of glamorous alternatives--they don't actually work for the vast majority of people. They will just lose you money and sleep.
My suggestions:
- invest for the LONG term, at least 20 years or more
- use global or at least national index funds
- diversify out of the NT$
- cut your transaction costs to the bare minimum (ETFs, Vanguard Funds)
- focus on your career or business because value creation is more profitable than successfully measuring the value created by others, i.e. investing
No comments:
Post a Comment