Comments for Investment Gambler http://www.investmentgambler.co.za Equity Investment Gambling ℠ - Beat The Odds Sat, 12 Sep 2009 06:39:31 -0700 http://wordpress.org/?v=2.8.4 hourly 1 Comment on Hello world! by Re@PeR http://www.investmentgambler.co.za/2009/09/06/hello-world/comment-page-1/#comment-3 Re@PeR Sat, 12 Sep 2009 06:39:31 +0000 http://www.investmentgambler.co.za/?p=5#comment-3 Hi Francois, I don't like giving advice I'm not using myself, that's why I'm testing out everything myself and measuring performance before actually telling people this is good or bad advice. Regarding 1: I've done some major cutbacks on my expenses, the money I would've spend, I now invest, if I lose it, it doesn't matter, I would've spend it otherwise. Regarding 2: All my investments I base 100% on mathematical / statistical reasoning, emotion is poison when it comes to investing or trading (especially equity gambling), that little voice will drive you mad and will quickly destroy your portfolios if you give in to it! Hi Francois, I don’t like giving advice I’m not using myself, that’s why I’m testing out everything myself and measuring performance before actually telling people this is good or bad advice.

Regarding 1: I’ve done some major cutbacks on my expenses, the money I would’ve spend, I now invest, if I lose it, it doesn’t matter, I would’ve spend it otherwise.
Regarding 2: All my investments I base 100% on mathematical / statistical reasoning, emotion is poison when it comes to investing or trading (especially equity gambling), that little voice will drive you mad and will quickly destroy your portfolios if you give in to it!

]]> Comment on Hello world! by Francois Viljoen http://www.investmentgambler.co.za/2009/09/06/hello-world/comment-page-1/#comment-2 Francois Viljoen Fri, 11 Sep 2009 22:20:18 +0000 http://www.investmentgambler.co.za/?p=5#comment-2 This sounds very interesting, I love the idea. Test everything firsthand and keep what is good - like Solomon did. I would like to suggest two "rules of engagement". For any investment/gamble/trade you experiment with: 1. Only do it with money you actually have and that you've already parted with in your mind, i.e. money that you're 100% prepared to loose if the deal goes sour. 2. It should always be 100% objective, never loosing your heart on a deal or getting sidetracked from your plan by emotions. What do you think? This sounds very interesting, I love the idea. Test everything firsthand and keep what is good – like Solomon did.

I would like to suggest two “rules of engagement”.

For any investment/gamble/trade you experiment with:

1. Only do it with money you actually have and that you’ve already parted with in your mind, i.e. money that you’re 100% prepared to loose if the deal goes sour.

2. It should always be 100% objective, never loosing your heart on a deal or getting sidetracked from your plan by emotions.

What do you think?

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