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Anonymous
Everytime I see my relative or parent’s friend, they always say so and so is very rich. And when I asked what they do for a living, my parents will say “Dunno leh, they do stocks one, “ they investor” etc. And by rich, they literally have a few luxury cars and landed property.
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Terence Tan
29 Oct 2019
Financial Services Consultant at Manulife Financial Advisors
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Hi Anon
There’s a few different kinds of “investors”
There are some that invest for the long term (like Warren Buffet) and there are some that trade. Not sure which you are referring to
Some possible scenarios
they are traders (everyday look at stock market then open n close trades within the day. Or make a couple of big trades a week)
value investors. They buy a few undervalued shares or stocks, then sleep on it. A couple of years later, it appreciates
made some money flipping properties or business or through their job (from what it seems, possibly quite high income) then they just build up over the years
grey money? This varies from person to person
great risk-taker (go big or go home) and they make their money through these opportunities
I feel the above scenarios can happen to both “full-time investors” and “normal investors”. Comes down to time management skills etc
A tip I can give you is just make friends with them, and ask them. If they are generous, they might share with you and you can possibly gain a mentor to follow? Otherwise, they just are secretive and brush it off. Either way, you have nothing to lose but everything to gain
Hope this helps, wishing you all the best in this quest