This blog was set up with the intention of not only educating and getting people interested in stocks but also with the thought of helping them to achieve financial freedom. One may ask, "What is financial freedom?". I guess the the paragraph below, quoted from a website (http://www.getrichslowly.org/blog/2010/07/14/how-do-you-define-financial-freedom), sums it up quite well...
Financial freedom comes when you’ve saved a nest egg large enough that the interest earned from your savings will replace 80% of your current income, adjusted for inflation, when you decide to retire. (Assuming your savings are your only source of retirement income.)
Do note that they did not explicitly say out how much one needs to be financially free. The only number they used is 80%. Thus, it shows that this is a term that can only be truly definited by the individual himself.
There's limitless means to achieve this kind of freedom and stocks is just one of them. Most people will say that stocks are too random, just like gambling. I do agree on the random part but not on the gambling. One thing good about stocks is that you will not lose out all of your capital not matter what (assuming you have already pay out the stock in full). Even if a company declares bankrupt, one will still be entitled to a small 'refund'. In gambling, I doubt this even exist.
With this, I would like to announce that starting from today, I'll be making some posts on the basic of stocks investment. Like how to invest? What do I need? Where do I go? And then gradually, I'll move on to stuff like picking stocks, reading company reports, looking at charts and etc. I'm still very much a greenhorn in this. Thus, I'll like to use this opportunity as well to gain more knowledge and to unrevealed the inner workings of the stock market. This is a lifelong learning in progress...
Cheers,
SafetyChaos
SafetyChaos
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