Before he lost it all - all $20 billion - Bill Hwang was the greatest trader you’d never heard of.

Don't be like Bill Hwang, learn from his mistakes:

Never - ever (!) - put more money into more speculative trades than you could afford to lose - ever!

Mr. Hwang seems to have forgotten this golen rule.
Borrowing to invest is a widely used tool. It works wonders if used right. Leverage magnifies returns if done right but can kill you if done wrong.

If you use it, know your downside, know your limitations and avoid getting "margin called" by all means.

Or don't use it...
Understand fear and greed.

Not just the fear and greed on the street, but your own emotions! Manage your inside first before attempting to manage more stuff.

Get rich quick stuff can make you poor damn fast!
Chasing your losses.

People have a common trait when investing, they are happy to earn 10% on one position and sell: "See, I'm smart, I realized a 10% profit!" - however, they keep holding the losers "until they turn around".

Keep winners, let go of losers!

Not vice versa.
Overconfidence bias.

You get it right once, great.
You get it right twice, awesome!
You get it right a third time? Genius!

All in!

Know your abilities AND your limitations.

Turn that knowledge about your own abilities into YOUR advantage!

Stick with your guns!
Catching the wave too late.

At one point even the last person on earth heard about the red-hot-stock outperforming the pack. If you heard about this investment opportunity from the random guy on the street, stay vigilant!

The @momentumdb might have move onwards by now.
Failing to diversify.

This doesn't mean you go buy 10 small cap stocks your besties chat about over beer - that's called de-worse-ify!

It means having a broadly diversified asset allocation tailored to your goals and risk appetite and rebalance it once shit happens.
Yes, I just wrote it above, shit happens.

It happened before - and guess what - it will happen again. Have a plan for when ship will happen again!

Be mentally prepared to "hold through", "stay the course", "re-balance" or actually use stop-losses if you're afraid of this.
Failing to plan is planning to fail!

I'm sure if Mr. Hwang would have had a plan for when shit hits the fan, we would still not know who he is.

But now we know.

Don't be like Mr. Hwang, learn from this!

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More from @FI_imagineer

6 Dec 20
As a parent, your priority number one is to raise independent adults. Period.

How about raising "financially independent adults"?

Read on to learn 10 lessons about how you can raise financially independent children:

1. Let them get a bad grade

Is getting a bad grade a good or a bad thing? Is losing money at the stock market a bad thing? It depends on what you learn from these lessons!

“When you fail, learn from it. There’s nothing wrong with trying again.”
2. Let them forget their homework, their stuff for gym class, their snack box

The more we help, the more we actually teach them that they can’t manage without parental supervision. This is not encouraging. Hands off from now on!
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5 Dec 20
It’s this time of the year again where, all corporates are out to get your hard-earned cash. Want to provide a nice Christmas experience for your loved ones?

What's it gonna be?

How about a brand new Soul-Crushing Meeting™ toy?

Something more "finspirational?"

Read on!


Or maybe something more "IT related"?

How about the joyless career man "Office Worker" action figure???

He can sit endless meetings, doing spreadsheets and diligently builds wealth for someone else!!!


IT yes, but more on screen?

Get this retro Nintendo game "Wall St. Kid"!!!

He's go other people's money to inflate his own lifestyle!

He might also get red Daisy, if he manages to keep winning. If not... ah well...
Read 6 tweets
3 Dec 20
Did you know the average millionaire has seven flows of income?

Regardless of what people think or try to tell you, the easiest and most common way to get wealthy is to build multiple streams of income.

Tap into multiple income streams and grow!

Read on:

//thread// Image

Most people are getting started earning income from a job. A job is selling your skills and time against money. Jobs can provide security, comfort, and to a certain extend satisfaction.

Peaceful, steady and not too wild.

That's that. Image

If you’ve got a partner that is equally engaged in the workforce: Then you got two jobs filling your reservoir!

Engage in teamwork and optimize for two instead just one main stream of income. Image
Read 8 tweets
2 Oct 20
How to make enough money to retire early?

I worked in finance for years learning about assets.

People often ask me how to make "it work".

They seem to think I may hold secrets,

which may have been how I could do it...

However, that's not true, here's how to do it:


You earn money, you spend money.

Try to make it a habit to invest the difference.

Also, make the difference increasingly larger.

Don't put cash aside.

Inflation will eat away your purchasing power.

You make money by investing into assets!

Understand how the system works.

Governments around the world print money.

That's how recessions and wars are fought.

Learn about inflation and purchasing power.

Find assets that grow and protect you from inflation.

Align your interests with those of governments.
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28 Sep 20
The biggest obstacle in life is FEAR!

People are afraid to think BIG.

Afraid of trying NEW things.

Afraid of making MISTAKES.

However, if you think too small,

you'll only achieve small things...


Learn to face your fears! Image

Once you become FEARLESS

You become LIMITLESS!

Everything you WANT is on the other side of FEAR. Image

Already Seneca - the ancient stoic - knew:

"We suffer more often in imagination than in reality."

Try to work with fear-setting to move forward in life:…
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27 Sep 20
Want to up your decision making skills?

Making decisions is difficult for many of us.

Did you know:

⏩There's a simple method to help you!

...keep reading, and I promise you:

✅You will make decisions - like the CEO of your life!

⬇️⬇️⬇️ Image

In life we face difficult decisions every day!

Am I ready to make the next step in this relationship?

Is it the right time to ask my boss for a raise?

Should you invest in equities now?

Mc Donalds or go home cook?

Drink water or have a coke?


Starting from today,

whenever you have a tougher decision to make,

...ask yourself these three questions first:

Read 5 tweets

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