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.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 11 February 2012

Fishing and Stock Market (4)

Read? Fishing and Stock Market - III

Why gone fishing is a good retreat for your investing skills?

Patience

You learn to be patient. You can only wait and wait for the moment of happiness to happen right in front of your eyes and you grab it with both hands.

Control

You learn that you have absolutely no control in the market (sea). You can't see anything under the sea whether there are fishes (opportunities) coming soon or obstacles (risks) lying there waiting to break your lines. You learn to let go your ideas that you are in control and let the market (sea) do what it needs to do.

Risks

You can take lower risks by catching ikan kunings and tambans by the quayside or take higher risks by fishing in the deeper water for biggies but they may break your lines.




2 comments:

  1. If a 10 bagger is akin to a alantic blue marlin, I would love to catch one in my speculation lifetime :)

    Patience. Just like you, it would be so satisfying to have my own "Keppel" too.

    Still waiting for the other shoe to drop...

    ReplyDelete
  2. Hi, visited your blog many times but first time posting.
    Love your analogy.
    Was too impatient in my fishing and chipped off my fishing rods alittle.
    Must learn to be patient :)

    ReplyDelete

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