I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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 1 February 2014

When a Giant Gain Causes Pain (3)




Just For Thinking ....


Read? When a Giant Gain Causes Pain (2)


Insanity: doing the same thing over and over again and expecting different results.
Albert Einstein

Read more at http://www.brainyquote.com/quotes/quotes/a/alberteins133991.html#AJPb3gUyjj2ucXPW.99
Albert Einstein is widely credited with saying “The definition of insanity is doing the same thing over and over again, but expecting different results”.  - See more at: http://ideapharma.com/announcements/the-definition-of-insanity-is-doing-the-same-thing-over-and-over-again-but-expecting-different-resul#sthash.4W8UHYgu.dpuf
Succeeding as an investor takes a strong mind, but a stronger heart. That is especially true when stocks plunge—or soar.

In his letter this week to investors in his hedge funds, manager David Einhorn of Greenlight Capital pointed to “the parabolic rise of a growing number of market-leading story stocks.”


 
For those young investors who have not seen GFC, don't assume that you have strong mind and strong heart to play this Game. The plunge may be too much to take!

3M's in Investing: Method, Mind, and Money Management


-73%, -74% and -75% Plunge!!!


It will take an immune heart and insane mind to take such plunge, survive and continue like nothing has happened!

Right?













Posted by Createwealth8888 at 09:59
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