Uncle8888 has been probing those white-hair Zebras around in his office; but his probing results didn't show that experience with past market cycles made us wiser and profitable. Once we were badly burnt; we are likely to chop our fingers and stay away from the market.
He is 55+. He couldn't meet his CPF Minimum Sum so his 5-Rm HDB flat was automatically pledged. He confessed he lost heavily during AFC and especially in CLOB saga. He still remember those days of just watching TeleText and made easy money doing active contra trading.
One particular stock, he could remember so well - Van Horst. (Oldies may know this stock). He "contra-ed" for seven times in one week and made lots of money. In pre-AFC days, CPF members could draw out their profits to spend; but losses were retained in their CPF investment account. This was how CPF members hold on their losses but spent away their profits on expenses. Shiok? Read? In Investing, ACCOUNT SIZE really MATTERS! Why???
till today can still remember clearly when two very experienced cyber
investing kakis in the stock market who believed in their favourite and
trusted Guru's view in Mar 2009 were congratulating themselves for
staying very cash rich in Mar 2009. One was 90% cash and the other 100%
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.