One prominent topic that I heard during that conference was a debate on whether it is better to invest in stocks or real estate if your goal is to generate wealth for the long term. The main point for real estate was that it is more stable than stocks when it comes economic circumstances. For stocks it seems like the argument was that it is more obtainable for the average person to do.

I personally never tried real estate yet as it seems like something you would want to educate yourself about before trying it. There just seems to be so many details and regulations that you need to understand before doing any kind transaction. It’s definitely something I will want to try one day for the income journey section.

I don’t see why you wouldn’t want to try both if your good at it though as like some say it’s about diversifying.

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One of my friend was telling me a bit about his stock investing experience. He was actually one of those people who had a lot shares with Nortel way back. Unfortunately, he didn’t sell it and as many people know it dropped like a rock. From my recollection, it was something along the lines of each share being worth $100+ and it then literally plunged to under 50 cents a share.

I asked him on how many shares in a company one should purchase to make it a real worthy investment in his view. In his opinion, he said that in most cases you should generally purchase at least 100 shares to make it worth it. Otherwise, you should find some other way to make better use of your money.

Must be quite a few different opinions about this I’m sure.

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I was talking to a gentleman today who was explaining to me on how he got into the business of wealth management which he is able to do from his home. In general, what he does is aid people in investing their money in products such as mutual funds to hopefully generate a good return.

An interesting bit of information was how he has dealt with a lot of people in different cities/locations and by doing so he is able to build a profile on how conservative people are with money when it comes to specific locations. Apparently, the people here are amongst the group of people who are usually stingier with their money.

This might be something interesting to try out in the future. Some people say it is better to first learn it yourself too when it comes to things like investing.

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One thing that I think is kind of interesting is what people do with a small amount of money. For some, having say one dollar is too little to do anything in their minds and so they simply throw it in a jar or something along that line. For others, they keep trying to think on how they can turn that one dollar into say a dollar and twenty five cents.

The funny thing for myself is that I think the best thing to do is to indeed try and find ways to make that money work for you. However, over the years I have just got into the habit of saving up loose change and then when it reaches to a certain amount I would simply bring it to the bank. I guess having piggy banks as a kid is the main reason for that.

Overall, with that little fund it would be more for practice I’d say to show yourself that if you can find a way to make a profit with one dollar then imagine what you can do with one hundred dollars. After that, imagine what you could do with a thousand dollars and so on. It’s a good habit to save, but at the same time it can be a bad habit to leave your money idle.

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