A passion for general knowledge. A passion for life.
Any talent takes 10,000 hours to manifest.
Any great achievement takes years to accomplish.
So be Focused and Patient, nothing can be done overnight.
A good management of time is essential to have a clear mind and consistent interest and focus.
A deep understanding of basic economic concepts, important theory and different models.
A thorough study of the sophisticated financial products, like options, futures and swap.
Sufficient knowledge of history, human psychology, politics and common sense.
Know how to conduct research and analyze sectors of economy and financial products.
Know how to find the data.
Be able to make sound, if not insightful, financial investment decisions.
What to trade:
- ETFs: volatility (daily gain/loss can surpass 30%), diversification(capture broad industries, like commodities, currencies and financials), and easy to short.
- Currency: American Dollar is doomed for sure, debasing the currency is Fed’s means to solve the problem. But the timing is crucial, currently there is no strong sign of inflation taking off.
- Futures of Commodities: How much lower can crude oil go? Agriculture, oil and gold are bounded to rise once the temporary rebound of the stock market is over. But it requires trading skills, tech analysis and lots of time.
What to invest
- Gold and Silver: THE real money, when US dollar can not be held by the Fed anymore, they are going banana. But whether the Fed’s manipulation of gold can be out-taken by investors within this year remains uncertain.
