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, 11 June 2017

No Blog Post On Investing??? (2)


Read? No Blog Post On Investing???

Read? Barbell strategy (2)










In the market; there is No Free Lunch!

Someone else in the market must lose their hard earned saving from their salaries to provides lunches to other players in the market!

Read? Investing Made Simple by Uncle8888 (6)


37. All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out. - Peter Lynch


Based on Uncle8888's past investment records; it looked like Barbell strategy and it is still better for him to continue to follow Peter Lych's wise word into the next market cycle. Probably it will be his last market cycle. He doesn't want to miss this LAST ONE and regret!

















8 comments:

  1. CW,

    I think we reveal our "investment age" when we quote Peter Lynch ;)

    Peter Lynch is quite popular for us who were active just before the dot.com crash and during the early 2000s.

    I must say I can relate to Peter Lynch a lot more than Warren Buffett. Peter Lynch's style very practical; everything you can see and touch. Stick with brands and companies we know from our daily lives. And I'm from retail :)

    What I liked best about Peter Lynch is not what he said or wrote - its what he did.

    Peter Lynch quit at the top.

    I hope I have the wisdom and presence of mind to do the same.

    Walk away like Liu Wen Zheng and Jiang Hui ;)





    ReplyDelete
    Replies
    1. To quit the Game one has to avoid depending on the Game to survive; otherwise how to quit?

      Delete
    2. Aiya!

      SMOL means exactly enough is enough, no need to depend on the Game anymore to survive.

      (Poor me from 1987/8 till now (almost 30 years) still in the game.)

      But why so many Established Gurus, no need to depend on the Game long time ago,
      still playing the game?

      Delete
  2. Is it really something they can do well, why then stop?

    ReplyDelete
    Replies
    1. temperament,

      LOL! Ownself ask rhetorical question; ownself answer ;)

      You win liao lor!

      Delete
  3. When Peter Lynch retired, he was actually already very stressed & shacked. At least he was humble enough to walk away near his peak.

    Anyone remember Bill Miller?!?!

    Another "smart" fellow was the lead manager of the Henderson IT unit trust during the dot-com heydays. This was THE Internet fund back in the late 1990s, going up a few hundreds of %%% within a couple of years. He resigned right at the top near the end of 1999!!!

    ReplyDelete
    Replies
    1. Spur,

      There is also Stanley Druckenmiller who retired and chose to trade for himself instead ;)

      I mean if we are already have enough, why help others get richer and suffer the slings and arrows of "ungrateful" clients?

      There are also quite a few (lucky) startup founders who managed to sellout in 1999 BEFORE the dot.com crash.


      Jim Rogers, George Soros, Warren Buffett, Carl Icahn and other "seniors" definitely have enough. They are no longer in it for the money.

      Investing/trading/speculating is their ikigai - the reason they get up in the morning.


      When I say walk away, I don't mean completely.

      I hope I can only use 10% of my networth to "play" the markets. The other 90% should be ring-fenced from me as I am my own worst enemy! LOL!

      I don't play mahjong or bridge. So speculating is something to exercise my mind to keep dementia away?

      Its something very intellectually stimulating when I get the macro trends right :)


      Delete
    2. We can do anything we like and don't feel the stress when the source for funding our living expenses is NOT part of the income equation from these activities.

      Delete

Related Posts with Thumbnails