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

Sunday, 19 March 2017

Hard Not To Fall Into Wow Factor In The Cyber World



Two very young investors; look younger than Uncle8888's two older children stayed back to chat with him on that night and leading to this discussion - The Wow Factor!

Uncle8888 shared with them his experience with Wow Factor when he was newbie in the stock market!

In Uncle8888's early days; there was no personal blogs and chatboxes; but there were public forums and chat rooms where many newbies got caught by the Wow factor and unintentionally got burnt! 

Uncle88888 strongly believe it was definitely UNINTENTIONAL as they have no vested commercial interests

They are kind, truthful and well experienced retail investors sharing their trades. 

They have double, triple or quadruple their positions!

Wow!

Strong conviction!

Let follow as what many newbies would do!

Uncle8888 also followed!

How wrong can it be to follow strong conviction by the veterans?








Without knowing their position sizing relative to their capital, portfolio or net worth; double, triple or quadruple of their positions is quite meaningless.

BUT, we like to THINK that double, triple or quadruple is STRONG CONVICTION!

Mathematically it is!

But, .... Think deeply the moral of the story again!


Are you Hen or Pig?

The Hen & the Pig Go To Breakfast


A Hen and a Pig were sauntering down the main street of an Indiana town (yes, this is another shaggy dog story!) when they passed a restaurant that advertised “Delicious ham and eggs: 75 cents.” “Sounds like a bargain,” approved the Hen. “That owner obviously know how to run his business. “It’s all very well for you to be so pleased about the dish in question,” observed the Pig with some resentment. “For you it is all in the day’s work. Let me point out, however, that on my part it represents a genuine sacrifice.



10 comments:

  1. My Three Shots strategy is double and triple. LOL!

    Read? Three shots. Game over???

    ReplyDelete
  2. i had just attended a FOC(aka KK lah)seminar.

    It just happened sitting besides me were 2 young men.

    Curiosity (KAY POH lah), stirred me to strike a conversation.

    Me: "Wah you are so young you started investment already"

    They: "No we just begin learning only"

    Me: "You don't sound like Singaporeans"

    They: "We are from Malaysia. Uncle, how do we open a brokerage account?"

    Me: "You can open an account with 'XXX'. And what are you doing in Singapore?"

    They: "We just have arrived in Singapore. We are free and easy now."

    You can see how hungry these 2 men are comparing to the Pig and the Hen.

    Are Singaporean young men as hungry as these 2 Malaysians?

    NEW in Singapore without any job start to want to invest in the stock market already.

    And already know how to attend FOC Seminar.

    Wah!

    Maybe, "Necessity is the Mother of Invention" for these 2 young hungry men.

    They are far, far away comparing to the Pig & Hen.

    May one day, they will reach their position.


    i think they will if they keep their hungriness all the way.

    Now how hungry you & i are now?

    i know even if we are hungry, we choose our food selectively.

    ReplyDelete
    Replies
    1. Hopefully they don't become Bei Kamping

      Delete
    2. Ya LOL!

      I share with them it's not a 100 metre race but a life long marathon.

      Bei Kambing once or more than once, actually all of us have been.

      Delete
  3. i don't know.

    i think without any salary or asset, it may not be possible to open a brokerage account.


    If your sign up means opening a brokerage account?

    ReplyDelete
  4. What is the CAGR without the human asset ?

    ReplyDelete
  5. HA! HA!

    Like me lol no more HC.

    If still can get some CAGR from my NET ASSETS, very happy liu.

    ReplyDelete

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