June 23rd, 2012 3:46 PM by Eric Fang
Talked to one client yesterday and we chatted about how to invest in stocks. And she said that she was trying to learn and improve the returns andhow to learn from the past mistakes.
I did mention to her that I have a very good friendwho does pretty good on stock trading and investment.And he said that a little improvement on trading timingcan help the return by 5% to 10%, though it's very hardto be better on the "timing".
For my business, though I always said that I cansurvive if I can do a little bit better than competitors.
On the other hand, we becaome successful most likelybecause we have a system which we can benefit and improve ourselves. That's the self-emprovement.
For about a year, most of the mortgage brokers can get about the same rate. But still we can beat thecompetition by a little bit. Uusally I can providebetter rate by the better sense of the bond market, the short turn-around/locking period so that my clientsget better rate, and also negotiation with the lenderto get better pricing as much as possible.
I finished running 10 miles this morning and will haveanother 6 miles tonight. I found that though you run against others in a race, but in most part you run against yourself. You correct the running form, domore core exercise, eat more right foods, etc.Only after lots of self-improvement you can have the skills/energy beat the competition.