Avoid speculating; own blue chips: What did he buy? He owned
95 stocks, with many blue chips among them: Procter & Gamble,
JPMorgan Chase, General Electric, Johnson & Johnson, Dow Chemical.
He also owned consumer names such as J.M. Smucker and CVS Health. Like
an investor named Warren Buffett, he avoided technology stocks and the
hot stocks of the moment. He did not own a concentrated
portfolio; instead, he had a diversified portfolio with lots of
companies in many sectors. This diversification allowed him to spread
the risk broadly. Even owning failures such as Lehman Brothers had only a
modest impact on his returns.
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 2041 @ 85 yrs old.
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