Asked on 10 Apr 2019
Time in the market is more important than timing the market. This keeps me grounded especailly when it comes to decision-making, to not make hasty decisions if I'm not comfortable.
All I want to do is give my parents, wife and kiddos a better life. I do not want them to worry about money in future like I do now. Guess this is what they called the sandwich generation.
Honestly, this is a very personal thing. Some people invest to give their family a better life while others invest just to buy the new ferrari. For me, I invest so that the future me will be able to enjoy the same standard of living when i retire and also to leave a legacy to my next generation.
All about investing is philosophy:
-surprisingly non-doing leads to the best results: buy & hold, passive investing
-surprisingly fair is foul and foul is fair: professional financial experts are incapable of beating the markets contrarily to popular belief
-surprisingly the cheapest products lead to the best results: ETFs
Well, wealth building is obviously a prime motive behind investing in anything. And as we invest, we also tend to learn important life lessons as shown below:
Never invest more than you can afford to lose.
Avoid copying what others are doing unless it is fully researched.