How to Position Yourself to Make Money even If You're Wrong?

[Dennis Ng]

Most people when they plan their finances would do so in a way that if their view turns out to be Right, they will make money. However, if their view turns out to be wrong, they will lose money.

As I shared in my seminar:"The question is how can we position ourselves to make money even if we're wrong?"

P.S. my view, there is a Last Rally in stock markets. However, I've positioned myself to make money even if this does NOT come true.

Hi All,


Oh, don't forget our neighbour Malaysia it hit new high already...
See Chart: http://finance.yahoo.com/q/bc?s=^KLSE&t ... z=l&q=l&c=

So, if all the above markets stay above its 50MA for the coming weeks, it is QUITE LIKELY the last leg rally is confirm... Let's go fishing, and ride the trend!!!!

BUT again, what is your plan if they cannot stay above 50MA, or even break 100MA and 200MA?

Hi all,
seminar graduates might remember me saying that Malaysian stock market likely to break Historical High and make a NEW High at the graduates' gathering on 18 Oct 2010.

In my opinion, the last leg rally is confirmed until it is proven otherwise. I've already positioned myself for it, 30% of my money is invested into stocks.

And even if market crash, I've also positioned myself for it, I currently have 25% of my Wealth in Cash, (Opportunity Fund). I also invested 10% into UK Endowment, which provides Capital Guarantee, that would be very important, during a Global Financial Crisis, where stocks and other investments might Crash in value.

And if the world enters into a Stagflation, I've also positioned myself for it. 16% of my money is invested into Real Estate, another 10% in Land, another 6% into Gold/Silver, and 3% in French Wine. All these assets would do well in a Stagflation scenario.

So I've positioned myself financially whether the future turns out to be a Rally, a Crash, Depression or Stagflation. Have you?

As I shared in my seminar:"The question is how can we position ourselves to make money even if we're wrong?"

P.S. my view, there is a Last Rally in stock markets. However, I've positioned myself to make money even if this does NOT come true.

[serenecsc]

Dear Dennis,
May I know for your 25% of your Wealth in Cash(Opportunity Fund), how do you keep it? in the form of just savings accounts in the bank or short term fixed deposit which practically no interst at all?

serene

[Dennis Ng]

Dear Dennis,
May I know for your 25% of your Wealth in Cash(Opportunity Fund), how do you keep it? in the form of just savings accounts in the bank or short term fixed deposit which practically no interst at all?

serene

Hi serene,
it's in bank savings account. I don't bother about returns on such money as Opportunity actually can come anytime, and most of the time you need to quickly grab it and NOT wait.

And when I do deploy my Opportunity Fund, I'm looking at minimum potential returns of 50% to over 200%...

[Ax]

This post reminds me of a statement I picked up from "the Intelligent investor"...

"The intelligent investor must always be on guard against whatever that is unexpected and underestimated"..

I think sometimes humans get complacent thinking they will never be wrong..

I do think its is very important to remember what Dennis and some other forumers like ein55... who from time to time, reminds us.. "they might not be 100% right" cos they are not "god".

Hope everyone will bear this in mind.. myself included.

Thanks for the post.