I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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, 21 June 2015

John Wasik on "Keynes's Way to Wealth: Timeless Investment Lessons from the Great Economist" (2)



"I do not believe that selling at very low prices is a remedy for having failed to sell at high ones ... I feel no shame at being founding a share when the bottom of the market comes." - Keynes
















CW8888:

 How much do we lose when we are terribly wrong?

 Just 100% of our capital. No shame! Losing is part of the Game.

How much can we win when we are right and continue to be right?

X%, XX%, XXX% or even X,XXX% 

Why still so many cannot bear to do it?

Panic when they see the market!!!

 One good remedial is to stay calm and make Pillow Stocks. We will sleep better across market cycles.

Read? John Wasik on "Keynes's Way to Wealth: Timeless Investment Lessons from the Great Economist"


Posted by Createwealth8888 at 13:15
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2 comments:

  1. Unknown22 June 2015 at 07:57:00 GMT+8

    Hi,

    I guess we just need to buy safe stocks or have confidence in our valuation of stocks to sleep soundly during the market cycles.

    ReplyDelete
    Replies
    1. Createwealth888822 June 2015 at 08:12:00 GMT+8

      We may have to continuously train our mind to do it. :-)

      Delete

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