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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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

Wednesday, 20 August 2014

Confession of old timer in the market!


We know he is very active in the market; but he seldom talks about it. 

Surprisingly, today he confessed!

After more than 20 over years in the market trading and investing; he didn't achieve much. He said he probably just breakeven!

For trading, he has tried many different methods including margin trading and using high leverages to make from small price movements.  

He also tried to do value investing and invest long-term like Warren Buffet.

The only thing in the market he didn't try is forex trading.

Now, he bets on China market.

BTW, he started young too in his 20s!




The Moral of the Story

Time and effort spent in the market is irrelevant!


There is something out there in the market that many of us still can't get hold of it!

 

 





















 




9 comments:

  1. He is the second old timer colleague who told me after 20 over years in the market and achieve nothing much. Both also started in their 20s.

    ReplyDelete
    Replies
    1. It is not the mirror which is showing your true self; the stock market does it perfectly.

      Delete
  2. Hmmmm.. Just curious is the He = CW8888? Lol
    Anyway, welcome back to your blogging after some breaks?

    ReplyDelete
    Replies
    1. He = CW8888

      So he is your model role to follow in your late starting investing journey?

      LOL!

      Delete
    2. I always think that all "lao jiao" sure got vast experience to learn from. I read many but follow no body, I stick to my following my heart and mind hehe

      Delete
    3. Hopefully we don't become "lao jiao" after spending 20 to 30 yrs in market just to breakeven.

      Delete
    4. Once a "lao jiao", always a "lao jiao", regardless of the outcome! Lol

      Delete
  3. everyone will reach the lao jiao stage one day

    ReplyDelete
  4. To make your 1st million in life is very difficult. To keep it, is much, much more difficult.
    The Chinese says something like that.
    True or not?
    Ask some "lao jiao" lol.
    To me, actually when you leave this world, then you can have your summation of your life.
    Never when you are still living.
    So is your venture in the stock market.

    ReplyDelete

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