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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Welcome to Ministry of Wealth!

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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Saturday, 29 January 2011

The truths behind the ideas of making money in the stock market.

Read? Major STI market cycles - Horrible Bears and Beautiful Bulls!

Read? Harsh lessons from 1997/98 and 2007/08 stock crisis

Read? I did it my way – Singapore Man of Leisure

Personally, I have witnessed my father-in-law and brothers-in-law all badly burnt in CLOB saga. How could I not fear the stock market? Actually, my spouse forbid me from the stock market and I did it like keeping mistresses outside. It has to be top secret or else the hell will break lose. LOL!

But I also heard from three “Lao Jiao colleagues' mouth different stories:

  1. One day, this "Lao Jiao" hearing us debating on the "truth" of making lots of money from the stock market. I think he must be "buay tahan" and told us off. He said: " My house and everything in it are paid by the stock market."
  2. Another "Lao Jiao" told us his daughter's overseas university education in Australia was fully funded by the stock market.
  3. One day, the last "Lao Jiao" whom we knew he was making good money from stock market casually remarked this: "If you don't want to make money from stock market, you are stupid!"
I believe the three "Lao Jiao" may have encountered their own failures but finally they have found their ways and have huge success in the stock market. I still believe that the stock market is only for the truly committed players in the long run or else you will become lunches for the predators.

Do you have any true stories of success and failure in the stock market to share?

1 comment:

  1. Hello Createwealth8888,

    Thanks for sharing my story in your post.

    With lots of humility and respect, I was smiling to myself when reading the Sunday times today. This "guru" was sharing his success - but his investing track record is only 1 to 2 years old.... Hmmm, I wonder if the properties were bought at 50% below their valuation... (I bet not!)

    And between the lines, at least he is upfront by saying his 2 most successful investment is the 2 companies he owns (Note the irony? That's why I listen to what others do, not what they say). And when is the 2nd company formed?

    I applaud your many posts to share with other fellow investors the dangers of "quick money" mindset. We don't become "investing winners" just by attending 1 or 2 seminars, or after reading 1 or 2 books....

    But to be fair, we all have to earn a living. Nothing wrong in getting free publicity to promote his seminars. So it's back to "buyer beware"!

    Cheers!
    Singapore Man of Leisure

    ReplyDelete

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