Anonymous
Should I do short term trading or stick to long term investing?
Hey there, I don't have a big capital, maybe around $1-2k.
Should I trade penny stocks and try to build my capital there? Or should I just stick to investing for the long term?
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Cedric Jamie Soh
24 Nov 2019
Director at Seniorcare.com.sg
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Long term for sure. Warren Buffett is a strong believer in it.
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I suggest that you should not trade on penny stocks. This is because it is very risky. You should le...
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95% of your money in long term investing.
5% of your money in trading.
The reason why I allocate 5% is that most people will want to get their hands dirty. This 5% allows you to learn from the market (lets face it, most people will lose quite a fair bit of this trading money) while keeping most of your savings in the long term.
Its very hard to keep people not from thinking they can do better, they have better alternative investment etc. May as well blow off steam on your own with 5% of it than to wait 10yrs, got a big lump sum, and then hey i earned so much over the years, i can do better, and then lose everything...
Get your hands dirty... with a tiny sum =)