It has been awhile since I wrote a blog post - especially since I was last promoted at my job and the workload has been increasing ever since. Managing between the new workload and running at Amazon online business has taken quite a fair amount of time - but this is also why I felt writing this article was important.
Build Systems That Works For You
Some of my subscribers felt that I had been talking very little about the stock market lately. The reality is that my approach has not changed. Look for quality companies, buy them undervalued, use options when possible, and always have a long term perspective.
It is true that today I don't need to spend as much as time in the stock market when I was just starting out. This is because I have systems that work for me.
When the stock market is doing well, I know what I need to do.
When the stock market is declining, I know what I need to do.
Every single intended action, has all been pre-designed. The system that works for me? It is really just my Profitable Watchlist and the 5 Layers Portfolio Protection strategy.
For those who have been in my course, you probably have heard of these two things which I have taught and reiterate over and over again. However, knowing is one thing - practicing is another.
There has been students asking me questions like, "The stock has been falling, should I cut my losses or should I add more?"
My answer is pretty straightforward - Go back to your Profitable Watchlist and the 5 Layers Portfolio Protection. Then, let me know your answer then.
This is what I meant - knowing something is not quite the same as practicing it. In simpler terms, it is called N.A.T.O - No Action, Talk Only. Many people know how to talk about all the cool concepts, but when it comes to actually executing it, nothing happens.
Examples Of Systems
In my journey of building wealth, I aim to automate as much as possible.
Did you know that I have an alert notification each and every time the currency exchange rate for USD/SGD is favorable? This is when I will actually convert my money into USD.
Did you know that every month, without fail, 40% of my salary automatically goes into my brokerage account? This is called, "forced savings" - and I compound this money in my portfolio.
Did you know that each time a stock becomes undervalued, it is automatically shown in my Profitable Watchlist? This is so that I know, at a glance, what are my undervalued opportunities.
People say that I spend very little time, writing about the stock markets - I don't deny it. The reason for that is because I already have all the systems in place to help me make money in the long term.
And truth be told, I am building systems in every aspect of my life - be it health, wealth or relationships. Every single day, we should try to better ourselves, even if it just a 1% improvement.
The "Qualified Stocks" Training
What an engineer did to grow his portfolio from $7,137.68 to $194,383.30 in just 4 years using qualified stocks...so that WORKING AT A JOB was A CHOICE AND NOT A necessity...
Conclusion
The journey of success is one of reflecting, constantly improving oneself - and building systems in the various aspect of our lives so that we will keep getting better and better.
Never stop learning,
Gin