Michael Lee-Chin Quotes

Mutual funds dare to be average. In fact, they dare to be lousy. They have long since ceased striving for anything resembling perfection when it comes to managing your money.

Investing is for wealth preservation, not wealth creation, so first you have to make wealth.

I try to stay ahead of things, if you know what I mean. I take the money I make and reinvest it.

The last thing you want to do, unless it's a very unusual situation, is to invest money.

I invest in funds myself even though I run my own fund for my daughters.

I have no complaints about losing money I put in high-risk investments. I did some of that when I had real money; my informed choice, my measured gamble.

I'm not someone who puts their money in a fund that earns 2 to 5 percent a year. I'm a man who tries to change things, move something with my money, to create jobs and, of course, at the same time earn more money with it.

Pay attention to the big themes because that's what will help you earn ten times your money.

If the investor doesn't have enough time and skill to investigate individual stocks or enough money to diversify a portfolio, the right thing to do is to invest in exchange-traded funds that give you exposure to asset classes. It does make sense for the individual investor to think in terms of holding individual asset classes.

Investing should be dull. It shouldn't be exciting.

I think it is crucial to diversify one's portfolio.

You could lose hundreds or thousands one day on paper and gain it all back the next, and it has literally no effect on your immediate future, provided the money you have in the market is money you're investing for the long haul (meaning at least three to five years).

Too many people say to their brokers, I can't deal with this. Take my money. Do what you want. That's the worst attitude you can have.

Our balance sheet provides us with the ability to act on investment opportunities in appropriate areas that diversify and broaden our portfolio, including the gas and energy sector.

I know where I'm putting my money.

I'm not a money manager, but I can tell you what the conventional wisdom is. The younger you are, the more risk you can take on.

Owning equities is an essential part of anyone's portfolio. You just can't ignore it over time. It's going to add the real pop to anyone's overall performance.

Investors have to ask themselves two questions. How much can we grow our investments? And, can we afford our mistakes?

One way to mitigate our risk is to invest in companies with understandable business models.

The thing to do with mutual funds is to buy a couple of decent ones, set up an investment plan and then never, ever think about them again, except maybe once a quarter or so when you take a peek at your statements to make sure that you have not accidentally been buying the Fidelity Peace-in-the-Middle-East fund.

I have always wondered why more women did not look into owning their own funds. Granted, it is a high stress, high risk business, but it also offers high rewards and control.

What I'm trying to say is that for the average investor, what I would encourage them to do is to understand that there's inflation and growth. It can go higher and lower and to have four different portfolios essentially that make up your entire portfolio that gets you balanced.

The investor of today does not profit from yesterday's growth.

In long term investments, you don't need day to day management.

I have a million dollars in the stock market, because if I lose a million dollars, I don't personally care.