Read? Randomness, Chance, Luck And Co-incidence??? Are randomess, chance, luck and co-incidence co-related to the Law of Large Number? Uncle8888 tends to believe so! E.g. large account size; large this and that etc. Uncle8888 has over the past one year picked one Indian passport; mobile phone, and several EZ link cards, student passes and coins during his roaming across large geographical areas on trains and buses. Just recently picked up his ex-company unknown colleague's staff pass. LOL!
Law of Large Number at work! Applicable to long-term investing? Concentration or Diversification? Apply diversification first and then eventually let your outcome and performance filtered out as concentrate. May be this is the way how retail investors can win this Game of investing!
Last updated : 15 Sep 2018
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd 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.
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