Derrick Lau

@soleconomist Why can’t it be reward both earnest and capital together? U want people to follow you throughout this journey but u start season 1 with screwing majority of the capital users first

@soleconomist U need to understand that we are not against rewarding the earnest. What we are against is 5% going to only 2000+ wallets. While the other 300k shares the other 5%.

Buying too much of a stock only after a few weeks of research is like asking a woman to marry you after a few month of dating. If you are wrong, you will find that the divorce won’t come cheap.

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The desire to get rich quickly is often the reason why most people don’t get rich at all.

Learn to stop procrastinating The universe does not give you a gentle reminder to tell you that you are running out of time. It gives you a rude awakening and often with little mercy to fix it. Take it from me, an experienced and serial procrastinator.

Remember, in investing, If you don’t accumulate: 1. You will take longer to breakeven when the price falls. 2. Even if the price goes up, you will just make pocket money.

In the market today, I am seeing companies that 2x 3x their businesses but their stock prices are falling by > 50%. Imagine rental rates 2x 3x but property prices dropping > 50%. Only in the stock market will you see such wonderful opportunities.

An investor we are working with is upset that even with consistent investing, she isn’t seeing the profits as seen on social media. I told her: U are not losing money, have 3x the amt of shares than when u started, & The company behind the stock has 2x its business. Patience.

Dollar cost average on a low cost index fund or ETF allows you to do literally no research and grow your wealth over time. I give ppl this suggestion when they ask for advice. They said I am stingy with my knowledge. They don’t know I gave them a literal investing cheat code

In 2020/21 when I invested in $gme, I turned every $1,000 invested into $50,000 by the time I sold it. For those who called me a genius, I am here to clarify that I was only at the right place, at the right time. Don’t bother trying to replicate the strategy.

Quite often, people said they want to learn how to fish. But when they see how hard it is to fish, they either ended up wanting you to fish for them, or stop fishing entirely. The key is to keep practising. Because It never gets easier. You only get better at it.

Listening to someone making 10,000% overnight on a meme coin or penny stock and finding out how to replicate their strategy… Is like hearing someone hitting the lottery and trying to replicate their strategy.

Being in the field for a long time, I find that the 1% of the population holding majority of the wealth is no coincidence. This is because only < 1% of the population are willing to do what is required to earn it.

I do a lot of private sessions with investors. The most painful regret I have seen being expressed are from people thinking they have a lot of time but later on finding out they have wasted it all.

It’s pretty scary how many people knowingly and willingly cruise towards their own financial destruction on auto-pilot.

I am going to give you something to think about if you are invested in the US stock market. Did you know that regardless of whether you are a US resident or not, upon death, you have to pay an estate tax which is up to 40% before you can pass this asset to someone else?

The chains of habits are too light to be felt until they are too heavy to be broken. If something needs to change, do it now.