Value of time <---- read it if you wish
PiggyBank asked: anyone of you investors are winning or losing?
Well, it depends on the value of time - your time frame.
If you are day trader, at the end of each trading day, you will know whether you win or lose.
If you are not a day trader, probably, at the end of each month, you will either win or lose.
But, if you are die hard value investor, probably, you will have 8-10 years to know whether you make it or not.
You set your own time frame. Only at the end of the time frame, you will know you make it or not. In between you are just fine-tuning your strategies to progress towards your investing goals or depleting your wealth and working for free; or alternatively your opportunity cost is putting your money in fixed deposits.
For me, another 2.5 years will be the final answer for $1M question: What will you be in another 2.5 years:
A) Reach Financial Independence, out of rat race and become a SUPER PIG.
B) Still a PIG lost somewhere in the financial maze.
C) Revert from PIG to RAT or COW.
D) Becoming a BEGGAR
【換台幣】邊間可以兌4算?近20間找換店、銀行匯率比較(2024年3月更新) – 香港經濟日報 – 理財 – 精明消費
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