Let be honest. Tell Uncle88888 that you have read them.
The two statements at the top of this blog! Uncle8888 didn't anyhow put them for fun! It was only after painful moments in the stock market; Uncle8888 has this wisdom to put them right up at the Top so that every readers may read them and understand their meaning and cut deep into their Investing Mind. The two processes of long-term investing and short-term trading.
"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
Any retail investors who have not been through a full market cycle of either Bull-Bear-Bull or Bear-Bull-Bear and survive at the end of a market cycle with 4 to 5% CAGR. You are just newbies including this Uncle8888 who has been blogging and showing off from Dec 2006 till early 2008!
After 8 years in the stock market starting seriously from Jan 2000; in 2007 he made$135K; Feb 07 $28.8K, May 07 $22.8K, Jul 07 $28.4K and Oct 07 (Bull Peak) $15.8K. He thought that after 8 years in the stock market; finally he has arrived and soon he should be trading full time with this type of trading income $135K per year! Smelly smelly 50% of it is $60K per year!
But; Mr. Market taught him a lesson that till Today he will never forget! In 2008, he lost back all to Mr. Market and more.Total losses in 2008 is -$156K!
You tell me what happened when his daughter has read it!
How did newbies get themselves into large losses? After years of blogging and listening with his own ears and reading with his own eyes and including his own personal experience; the only cause is that most newbies have average down to large losses and with their limited war chest available it has become so difficult to recover! Hope all newbies keep this in mind! It doesn't matters now you are doing very well. But, you are still newbies! As for the second statement; it is self-explanatory. It is ancient wisdom!
"For the things we have to learn before we can do them, we learn by doing them." - Aristotle Who want to be a follower?
Your Gurus are not perfect so are you.
You and only you are the one who is fully responsible to fine-tune your own craft to generate that multi-year of more than 5% CAGR to disqualify yourself as newbies!
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.