Comments by "" (@budbas) on "The Diary Of A CEO"
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In a history of Islam, the second largest religion in the world, the wife of Prophet Muhammad was a rich widow that her husband has died, but make her own fortune. Muhammad was her employee at that time. When they married, Muhammad was 25 and she was 40. He is monogamous until her death, and even after Muhammad re-marry, his next wife still jealous to his passed first wife as Muhammad still remind her.
The interesting thing is, why at that time, in a society around 1400 years ago, they could be a happy couples even against all odds by today standard?.
This story, told by my muslim friend, conclude that God gives the same fortune to every human being but in a different form. Some in the form of wealth, some in the form of their physical appearance, some in the form of their intelligence, etc. And the fortune given to each of us should be used for a good greater purpose.
Muhammad and his wife, that couple make a journey of their marriages for a good greater purpose. And that overcome all the differences even by todays standard, 1400 years later.
But, if we measure all things in life by only one kind of fortune, and adjust our attitude based on that, the world would be unfair and ruin our life. In turn nothing will make us happy.
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I have learned that the major problem when choosing investment vehicle is time, effort and preference.
Particularly in house, time is required for my house to be sold at the average market price could take years, while adjusted to inflation the gain is not so much. Of course I could sell it below market price and quickly liquidated but the gain would be even less. Meanwhile time plays a significant matters to the house since it need a maintenance over time. Also, when potential buyers comes to look at my house, often it doesn't fit their personal preference. In the end, my house sold at the price below market price because the time it took to be sold takes too long over for my investment horizon.
Now I put my money in stock and Index fund, and instead to treat it as Investment, I treat it as saving. Each month a percentage of my income put into it whether the market is in bull or bearish. Unlike my previous house, It takes much less time and effort to liquidate, and no personal preference involved since we deal with the value on the market, not personal preference of a particular buyers.
Buying a house is good. By liquidate some stock, I just use the cash to buy a house for my children near to their university, so they don't need to stay at dormitory. But, the decision to buy the house is because I want to have it, not because I plan to invest on it.
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