In investing or trading; most of us are likely to be guided or steered by our own good and bad personal, family or close relatives investing or trading experience; and then we MAY remind ourselves what to avoid. Generally; it is better to regret NOT making more then to feel sorry about losing it back all and more. So Uncle8888 doing 守株待兔 as he is strong believer in market timing based on his own investing experience. There are the same stock and corporation riding the market and economic cycle of Boom and Doom and the investment outcome year after year over past decade is drastically different. It is NOT easy for him to escape from self-trapping into this investing bias.
So he may be foolish? Will History repeat itself and allow him to pick up the next batch of multi-bagger yield stocks? He is betting it by doing守株待兔!
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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