If you look at the world’s billionaire names – you will see people from around the world and all of them likely have or should have a book about them. To earn a billion dollars is a major accomplishment and makes an interesting story. One of the billionaires on the list is Li Ka-shing whose made his first billion in Hong Kong and now makes it around the world. A book titled Li Ka-Shing was written by Anthony B. Chan, Macmillian Canada, 1996

Two more lessons from Li are what is your attitude towards the government and what other opportunities are there? If you talk to anyone over the age of 65 or considered a senior citizen – they will have lived through many governments – some very helpful, some neutral and some not helpful to them. As an entrepreneur in Hong Kong Li had to deal with the end of Hong Kong by the British and the rise of China. Similar to most wealthier people in Hong Kong buying assets in other countries was done, but Li decided to stay because he believed in the long term future of Hong Kong. After being vertically intergrated in property development, Li added cell phones, satellite TV and property developments in China. At the time there was a large risk but it worked out. Part of the thinking of Li on his investments was always do your homework first and considering how to narrow the odds of not losing money. In terms of cell phones which everyone seems to have now days, think about 15 years ago and where the industry was? did you own a cell phone company? those who invested in them made money and still do.

Linking to dividend producing stocks – when Li made investments into non property developments he did not put all his money in. He saw the opportunity, and put some money into the ventures. This is what you can do with your dividends – most of your investment dollars should be can be in very stable consistent paying dividend stocks. With some of the dividends you can diversify into other sectors of the economy. In this fashion you have some growth, but stability in your investments.

There are more questions than answers, till the next time – to raising questions