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.

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

Monday, 30 December 2013

14 Years of Personal Journey towards Financial Independence when staying employed becomes an option! (2)


Just For Thinking ...


Read? 14 Years of Personal Journey towards Financial Independence when staying employed becomes an option!


Why benchmark to well-known investors?

Seriously, it will help you to stop Believing Bullshit!

Read? Believing Bullshit! (3)

Read? Scrutinise financial investment seminars too (2)


You like to hear sexy ones?

How about these?

Uncle8888 made $36K in one month.

Some other months, he made $28K, $23K and $16K.

The above number can be audited.


 

Sexy or not?


It is like having sex. It is shiok; but it won't last too long!









Long-term investing may be not sexy; but it is more lasting! It is like having relationship.



Why benchmark to Self (Human Asset)?

Unless you are truly passive investors who do cost averaging into ETFs and don't need to spend too much time on your investment.

The rest of us, active investors will have to spend part of our time, effort, energy, and even emotions with our investment.

When we work hard in our jobs; our bosses may recognise our effort in our job and reward us.

But, in the Market nobody knows us. No one care how hard we have worked in our investment. It is up to us to justify for our time, effort, energy and emotions spent on our investment. 

What is the earning from investment are we getting?

Are we better off to spend more time and effort in our jobs and progress in our career?

Get it? Why benchmarking?









 




1 comment:

  1. CW,

    I am impressed with the way your benchmarking methodology is in line with your long term investing strategy.

    How can anyone verify the success of a LONG term strategy by using the performance of one year?

    Shouldn't we first get a LONG term track record of at least 10 years first like what you have done?

    Nothing wrong with using annual performance returns if we are measuring the success of our short term trading tactics.

    Can't help but to spinoff your post to give a gentle poke to those who SAY they are "investors"; but what they DO is "trading".

    LOL!

    ReplyDelete

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