As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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

Wednesday, 5 October 2016

Have you verify?


Read? How to verify "wah kali kong" advice


Proud declaration: I never practice cut-loss!

Verify: You got any 10 baggers in your portfolio before?

No? Walk away...




Smug face: I measure and track my portfolio right down to 2 decimal places.

Verify: Your portfolio in the red or black?

Red? Walk away...



Hmm ... poking at Uncle8888?

Have you verify?

So you walk away from here?

No 10 baggers!




Measure to two decimal places!






Ant: To be a millionaire, you need to work hard and save harder.

Verify: What! It is going to take a life time. Some more no one to verify. Walk away...



So you walk away fast?

It took a lifetime to do it. More than 39 years of earned income after tax and supplemented/accelerated by another more 16 years in our local stock market with just stocks and cash. No property or other alternative investment.





3 comments:

  1. CW,

    LOL! People praising you lah!

    This is like ink blots - you see what you want to see ;)

    You focus on the top part; never finish reading the 2nd part. LOL!


    1) No cut-loss. It's to show that we can practice NO cut-loss like Peter Lynch - just as long we also have 10 baggers in our portfolio to dilute out the losses. And that you have mah! (Or used to have. Wink.)

    Quick! Show your powerpoint where your OUTSIZED winners are a lot more and bigger than your losers!


    2. Track and measure down to 2 decimal places. You account in the black right? So what's wrong?

    The real secret sauce is not the tracking and measurement of your portfolio. Its the reflection and what we do AFTER the reflection. You have said it - winning back not the same way we have lost ;)

    The poke is to those who only knows how to track and measure but account is still red. If that person can't claw back into the black 7 years into the bull market, what's the point of tracking again?

    Doing the same thing over and over again probably?



    Eh! People praising you like no tomorrow. Tomorrow's coffee on me. But the next one on you!

    ReplyDelete
  2. Uncle

    Not sure if just by working hard and saving harder and not investing for fear of the market will allow you to do want you what in your next journey.

    ReplyDelete
    Replies
    1. Can leh. Unless one is great saver! Not everyone needs to invest. For those who are too worry over losing money and they are great saver. Why suffer for potential more wealth and less health?

      Delete

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