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 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.



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