On... Learning to Fish
Contrary to the title, this post is not about fishing. Having gone fishing only once, there's not much I can share about fishing.
What the post is about is the saying that goes "Give me a fish and it lasts me a day, teach me to fish and it will lasts me a lifetime, ". You see, my friend who had recently went on to the app Spaceship voyager had been sharing his equity returns with me and the results were astounding. A quick check on the Spaceship voyager website shows that the fund has been compounding north of 20% P. A. Note that I am not recommending to invest with Spaceship voyager - I don't have an opinion for or against (Do Your Own Research ).
The question is - Why should I do my own investing?, rather than just allocate my capital to a fund manager who can compound my returns at a high rate. As a fellow investor would point out to me "Do you want to be right or do you want to make money? ". At the end of the day, of course I want to make money. But the question is - is letting a fund manage my capital akin to be receiving fishes rather than learning to fish on my own?
If I let a fund manage my capital, I depend on whatever returns they give me. I think I'd rather depend on myself and learn how to do it. I might not get good returns in the beginning but I believe with enough lessons and experience, I will eventually do a proper job. This is by no means a criticism of people who use Fund Managers - this only relates to my personal preference and everyone has their own reasons for doing what they do.
Learning to fish (Learning to invest) is difficult compared to receiving fishes (Depending on a Fund Manager ); but I believe if I learn to fish (Learn to invest), it will feed me a lifetime.
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