Investing & Meditation. My true short story:

I come from a Buddhist family. 2 of my aunts were ordained as Nuns in their early 20s. That's how deep and serious this runs in my home.

I was taught how to meditate at age 4. Focus on breathing. Watch my thoughts.

I hated it.
As a kid, I couldn't sit still. I had a "monkey mind" as they called it.

The adults kept encouraging me to meditate. But I was a rebellious teen.

Fast forward to today, I have been meditating without fail for almost 15 mins every morning. Since Jan 2019.

What changed?
I started investing more seriously.

Started putting more of my money into high growth stocks, and the volatility and draw downs made me realize how weak and frantic my mind was.

Out of panic, I started meditating seriously to learn how to center myself.

What's the lesson?
Nothing much actually. Just wanted to share this.

Today, I'm a better investor because I'm a meditator.

And I'm a better meditator because I'm an investor.

End of story 🙏

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More from @heymaxkoh

12 Oct
Why do people get stuck in the rat race with a job they can't quit?

The answer has to do with the "Fear and Greed" cycle:
I recently had a chat with a friend over dinner...

She was telling me how she goes to work everyday out of fear.

Because she's worried if she stops working, she won't have money to pay the bills and put food on the table.

She's driven by fear of not having enough money.
So that forces her to wake up everyday and go to work at a job she doesn't like.

But it doesn't stop there.

It only gets worse because of this other emotion known as "Greed".

How does that come about?
Read 10 tweets
11 Oct
Richer, Wiser, Happier.

This has been my favourite investing book of 2021.

Here's 20 of my favourite quotes and lessons:

Thank you @williamgreen72 Image
1. Bet big but infrequently

You have to be like a man standing with a spear next to a stream. Most of the time he’s doing nothing.

When a fat juicy salmon swims by, the man spears it. Then he goes back to doing nothing. It may be six months before the next salmon goes by.
2. Read a lot + Patience

How long can he go without buying? “Oh, I can wait ten years—even longer,” Chou replied.

In the meantime, he studies stocks that aren’t cheap enough to buy, hits balls at a golf range, and reads two hundred to four hundred pages a day.
Read 26 tweets
9 Oct
Friend of mine borrowed a fair sum of $$ from the banks in the march 2020 covid crash. Even took on leverage.

Best time to buy stocks, he said.

He even built a financial model on excel to understand his downside.

No issue.

But a few weeks later, he sold them all.

He told me:

“When the 2nd circuit breaker hit and the market fell further, I took a double look at my excel model.

I could still take further drawdowns and be ok.

But when I picked my 5 year old daughter up from school that day, I started to panic...
“Am I making the right decision, I wondered?

What if something happens that I didn’t expect?

I wouldn’t be able to give her the life I promised I would. “

Few days later, he sold all his stocks.
Read 4 tweets
7 Oct
21 simple lessons on investing and money that changed my life.

I hope they do the same for you:
1. Only the best will do.

Have unreasonable standards for every company in your portfolio.

They must earn their keep.
2. If you lack the time or interest to research companies, you’re better off buying the index.

You'll sleep better at night.
Read 24 tweets
6 Oct
I was down $200k in a day in May 2021.

But I slept like baby.

NO, I lied! It was painful to watch.

But I survived. My portfolio emerged stronger.

Here's 7 key lessons learnt that made me a wiser investor.

(*I hope this helps you endure the market correction happening NOW)
1. Think like an owner

No owner wakes up every morning asking questions like:

"how much am I worth today?"

"how much more or less is my business valued today vs yesterday?"

Instead, they focus on their business.

As an investor, you're a part owner too.

Behave like one.
2. Dislodge stock price from the business

The stock is NOT the business.

Real business change is slow.

It takes time. Doesn't happen overnight.

But stock prices can rise and fall sharply within minutes.

Don't fall for the illusion.
Read 10 tweets
5 Oct
How I saved my first $100k.

In 2015, I had less than $8k in savings when I started my first job.

3 years later, I saved my first $100k.

Here's how I did it:
1. Don’t expect it to be linear

At the start, my savings were low.

Because my salary wasn't high, it was impossible to save much.

Over time, it grew exponentially as my income grew.

Here’s the figures:

Year 1: $16k
Year 2: $37k
Year 3: $60k

Expect it to be slow at first.
2. Have an expense goal

I do this at the start of each year.

Set a limit on how much $$ you plan to spend in the year at most.

Then I divide that by 12.

This tells me how much $$ I'm allowed to spend each month.

It helps to cap my expenses.
Read 17 tweets

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