March 7th, 2011 7:13 AM by Eric Fang
I choose that name on purpose. Though it's actually not that simple.
Usually it is very simple if you have reasonal expectation and right strategy.
One month ago, I talked to one personal advisor.He asked me what's my expected rate of returnand how long I can invest those money.And he said my expectation of 5% to 7% of annualreturn is reasonable if I plan to invest for 10to 15 years.
This weekend, I talked to a wise man on the party, I liked to listen to his advise for almost everything.He is about 30 years older than me, so he did knowa lot more than me.
According to him, if you want to invest, pleaseinvest on something you can control or at least you know. So stocks/MF is not that good compared to the business you own, or the career you have(which will bring you the checks every month)simply because you can not control.
I will talk about more about his opinion in the later blogs.