Many people do talking about 5C to measure their wealth in their life.
As we know the 5C stands for: Cash, Car, Credit Card, Condonimium & Country Club
But actually in investment, it also has 5C.
What is that? For my personal point of view, it makes up of:
As we know the 5C stands for: Cash, Car, Credit Card, Condonimium & Country Club
But actually in investment, it also has 5C.
What is that? For my personal point of view, it makes up of:
- Capital (you need more capital to create more capital)
- Character (you must have a good character, so you will not use illegal method to earn money)
- Contrarian (you must always be contrarian, as Warren Buffett said "Be fearful when others are greedy, and be greedy when others are fearful")
- Calm (you must stay calm especially when the market is panic or over excited, have a good calm mind will help you to get better picture when you analysis something)
- Comfortable (you only invest your money in your comfortable level)
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