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

Wednesday, 12 December 2012

Luck in investing???


 
Just For Thinking ...



Read? When picking stocks, keep it simple?

Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing." - (Forgotten the Author)


Read? Does 3 strikes make a good bowler?

The greatest investment reward comes to those who by good luck or good sense find the occasional company that over the years can grow in sales and profits far more than industry as a whole.
 
 
- Phillip A Fisher


 
Luck???

The ways retail investors can get lucky; but the luck may not last long enough to keep happening across market cycles unless one gets lucky and quit the market to maintain one's track  record.

  1. Blind or Plain Luck
  2. Reasoned Luck
  3. Seasoned Luck

Reasoned luck coming from many hours of hard works of acquiring knowledge and upgrading skills.

Seasoned Luck coming from years of understanding the market, patience, intuition and gut.

Can we keep counting on blind or plain luck in the market???




 

1 comment:

  1. Hi CW8888,
    Wah! There are so many kinds of luck! For me, whoever you are, whatever you do, you still need GOD's Blessings.
    And do you like to categorize it?
    "Man proposes, God disposes"

    ReplyDelete

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