For an ordinary investor, the answer for me is definitely first
Don't lose money first.
There is nothing wrong to aim for big gains, for sure.
So it seems, in order to success, you need both: Sure win + Consistent gains
How to achieve this? This is big million dollar question.
I'd quote legendary Warren Buffett here: Rule No 1: never lose money. Rule No 2: never forget rule No 1.
Is it doable?
When you invest, it sure comes with risk correct? How can it be never lose money.
Actually it's possible.
For example, T-bill.
Well, I know, it's lame right? why not Fixed-D, it's even more safer.
That's why, never forget about this. Over 1 year, do you think it's ended with a gain better? Yes, always.
What's the harm of some fixed income instrument? None.
Disclaimer: This post is not a call to buy or sell. Plse do your own analysis and make investment decisions.
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