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.

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

Sunday, 20 April 2014

Contrarian, Stubborn or Stupid???


No Exit Plan and no Stop-loss!

So is Uncle8888 being Contrarian, Stubborn or Stupid?





4 comments:

  1. The Moral of the Story: Don't say no chance to buy Kep Corp last time hor.

    Look at the chart again.

    ReplyDelete
  2. Hi cw8888, how did you manage to get hold of your emotions to withstand the turbulent rides till now & more good years to go?

    ReplyDelete
    Replies
    1. Read? Articles on Portfolio Management

      Learn to manage at portfolio level.

      Feel free to fire more questions after reading

      Read more? 3Ms

      Read more? Pillow Strategy





      Delete
  3. Extract of the article, title "How to win at a winning game" by Teh Hooi Ling

    Because of this emotional tug of war between greed and fear, many investors effectively manage to lose at a winning game.

    So how exactly do we ensure that we WIN at this WINNING GAME?

    (1) First, understand that when you invest in a diversified basket of stocks, you are INVESTING in a SLICE of the ECONOMY.

    As long as we need to buy and sell things - there is no question about this here because we can't possibly produce all the things we need ourselves - then there will always be a value to productive companies.

    (2) Second, DON'T EXIT the market when everyone else is rushing for the exit. Then, you will not get a fair value for the businesses that you own.

    (3) Third, all the more you should BUY when you see BUSINESSES going on sale at a CHEAP PRICE.

    http://www.thestar.com.my/Business/Business-News/2014/04/19/How-to-win-at-a-winning-game/

    ReplyDelete

Related Posts with Thumbnails