Many are already considered successful investors, but nobody is interested because they don't have the millions or billions.
For example a guy making average 20% gain a year for the past 18 years, grown initial capital from RM30k to RM800k. That RM30k was his hard earned savings. After 28 years only RM3.4million, and that is also with the assumption that he reinvest every single cent and cannot spend every single cent.
I think his STOCK MARKET investment skill is very useful to me because he just buy and sell without have to spend months analysing a single stock and invested in Malaysia market too. I learn from him better than learning from Warren Buffett in regards to STOCK MARKET.
But many prefer to learn from Warren Buffett and Uncle K on STOCK MARKET because of their millions and billions.
Points to ponder:
Both Warren and Uncle K made their crucial initial capital from OUTSIDE the stock market.
Warren Buffett's father, Howard Buffett, owned a small brokerage. His family was already very rich.
Buffett became a millionaire because of his partnerships, which in January 1962 had an excess of $7,178,500, of which over $1,025,000 belonged to Buffett. He already had USD8.8 million in today's value at very young age.
Uncle K was the founder of few large and famous contruction firmzs.
Off course some can be very rich within short period of time in stock market, example insider trading, high risk taking, being there at the right time, etc. Some invested in call warrant or penny warrant can make 300% or 1000% within short period of time. But can also lose everything.
Generally pure stock market with moderate risk normally will not make us very rich in the short term.
1)Important thing is the Capital. How to get more capital? Work hard and work smart in your career. Business. Property 90% loan leverage for young adult, etc.
2)Dont just learn from The Great, open up yourself. As long as their method is suitable for us, we can learn from them. Because all these growing investors are very much same situation with same of us, limited capital, investing in Malaysia, reading the same newspapers or website, etc. Manchester United Alex Ferguson and Jose Mourimho were not a great player, but they were and are great managers.
A lot of people thought stock market is for quick money. Yes, it is, but don't forget the capital. Stock market is much better than FD.
