The good news is: Apparently everyone shares their successes more than their failures. The bad news is: This Self-Enhancing Transmission Bias leads to a false perception of reality and inability to accurately assess situations.
CW8888: Well said. Good one!
Hope more hobbyist bloggers will share more reality on investing and trading. It is not like those bloggers with vested interests sharing that you follow this and that. You will get XX% annualized return.
Not that easy folks!
But, it is still okay if you treat your course fees like losing your money in ToTo or 4D.
When Uncle8888 showed these images to some of his younger colleagues who think that long-term investing is the path to financial independence. He hopes that these images will strike them hard enough. Long-term investing may NOT necessary end up with more wealth if they got it seriously wrong somewhere along their investing journey.
Look careful. What it takes to be successful but bulk of the time is NOT!
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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