As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Tuesday, 7 December 2010

Stock Picking is like Choosing your own durians?



After a few bad experiences with some durians vendors who will insist that the durians opened up are good enough to be eaten and you have to take them. Since then, I decided to learn to DIY (choosing my own durians and open them myself at home). Since it is DIY and I am no expert in choosing durians, I will have to buy  more (around 8-10 depending on the size) and bargain for 2-3 more FOC durians to compensate for bad durians. I will always expect to throw a few bad or not-so-good durains and it is EXPECTED!

Similarly, for stock picking for my DIY Portfolio I will always EXPECT to throw a few bad counters. So far I was hit by two counters that went to ZERO and by now probably I may have learned enough to avoid picking that next ZERO counter.


1 comment:

  1. Ya,
    My counters that went like the bad durians cost me UTD to the tune of 80K - 90k. after all these donkey years.
    Now who can say he/she never pick bad durians? Not even once?
    I must be very careful from now on. No joke O. K.!

    ReplyDelete

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