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 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.