William D. Gann was one famous investment guru. Born in 1878 and died in 1955, he had witnessed the great depression, the World War 1 and World War 2, the ups and the downs in the stock market for 50 years! He invented the famous Gann Theory – a time cycle based technical analysis.
He could make prediction of the stock or commodity with the exact price on the exact date! For example, in 1909 Gann made the prediction that the price of wheat would go to $1.20 by 12 noon on September 30th. He also successfully predicted the massive stock crash in 1929.
Gan believed knowledge is power!
He said:
"The difference between success and failure in trading in commodities is the difference between one man knowing and following fixed rules and the other man guessing. The man who guesses usually losses. Therefore, if you want to make a success and make profits, your objective must be to know more; study all the time; never think that you know it all."
We must stay objective, acquire the right knowledge, stay humble and always have the quest to learn more.
With these positive attitude, success is on the way!
Tuesday, December 6, 2011
Pay More Be Happy
Overpay your loan if you can.
Based on taking out a 25-year home loan of RM100,000, overpayments of RM300 a month would pay it off 12 years early. You would pay back RM123,084 rather than RM146,988 – a saving of RM23,903.
Based on taking out a 25-year home loan of RM100,000, overpayments of RM300 a month would pay it off 12 years early. You would pay back RM123,084 rather than RM146,988 – a saving of RM23,903.
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