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, 24 November 2014

Is Bear Market that Scary???



Bear market is scary only when the Bear hits us hard! Damn hard!


How did Uncle8888 feel during past Bears?


1987 : Where got lots of spare money to put into stock market?

Most of his past saving gone into HDB, renovation, wedding and honey moon; but not to the Bear.


Me no pain felt!

Other people pain.



1998 : Not much money in the stock market


Children ate money. Not Bear!




But, this time he personally witnessed the great pain and suffering of financial losses by close relatives in CLOB Saga. One of them was near bankruptcy due to share financing scheme provided by Finance companies. 


Read? Harsh lessons from 1997/98 and 2007/08 stock crisis


Leverages is always a double-edged sword.  

Can avoid. Avoid. No free lunch in making fast money.



Me no great pain felt but learned something very important.



Till today, home CEO still don't believe in the stock market to create wealth. The Unforgettable Pain!




2009:  The Great Pain in me!


Simi Create Wealth in the Stock Market? Chun Bo?


It is more like Destroy Wealth in the Stock Market!
















The Next Great Bear?


Uncle8888 has been preparing himself mentally and financially to face the next Great Bear.


He is 99% confident that he wouldn't be crazy cutting losses like in end 2008 to recover some capital for re-investing or doing horse switching strategy.






 


8 comments:

  1. It is like ...

    Recession is when your neighbours got retrenched

    Depression is when we got retrenched

    Bear market for those who lost big

    ReplyDelete
  2. Since I own no stocks now, I will try to buy some for investment when the next bear market comes, as predicted by Uncle8888. Have been waiting since 2009, at the bottom, when everyone says market can get worst. I remember calling my broker to buy Citigroup when it was near USD 1 only. Next day a fellow trader told me it can drop to nothing. Quickly called my broker to cancel my buy orders after listening to him.

    Last stock I owned was C&C. Just a few lots, sold it for a little profit, donkey years ago, when it was around S$3.60. Can't remember when, definitely more than 10 years ago but not before 1998. Will have more money to invest in stocks when the government return most of my cpf when I reach 55, in a few years time.

    ReplyDelete
    Replies
    1. When you reach 55 if you still want to invest in the stock market, please don't close your CPFIS and take out your money. i had made the mistake at 55. Now i am 66+, just imagine for 11 years the interest i would have gained by just doing nothing. What is FD rate now at our banks? Almost nothing compare to CPF's interest rate.
      Of course you must have faith and trust in our G and CPF Board.
      Another words, there is no better place to part your money waiting for an auspicious opportunity to use it for investment
      NB:-
      Of course part of your CPF's interest earned / year will go to your MA if your MA has not reach it's max for that year. And there are other rules and regulations too. Please check yourself with CPF Board.
      Wink! Wink!
      What do you think i do with my wife's CPF's money?
      Of course you guess it right.
      Shalom

      Delete
  3. CW said "He is 99% confident that he wouldn't be crazy cutting losses like in end 2008 to recover some capital for re-investing or doing horse switching strategy."

    How about cutting gain and exit the market during dead cross? Then deploy the capital gain and hoot big when golden cross appear?

    ReplyDelete
    Replies
    1. Single stocks may be hard to implement. How about testing this strategy with STI ETF?

      Delete
    2. Yes.I am allocating ~20% portfolio using golden/dead cross strategy to invest with ETF (STI, A50 China).

      S&P is excluded now as the PE is way too high.

      Delete
    3. How will you define golden cross? 50 and 200 day simple moving average crossover?

      Delete
  4. Ha! Ha! CW.
    i have survived for 27 years in the stock markets so Bears or Bulls are not so uncommon to me. If i can survive (BO TAK CHET WAY), i am sure you can with all your planning (Tak Chet Way) and what not. Only be very careful normal distribution curve doesn't really applies in the stock markets. At least some of the times.
    When it does, a lot of high IQs got rich lol
    Shalom.

    ReplyDelete

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