Read? What did I share with a guy called Noobz on our first meeting? We don't have to learn or re-learn on how to retain losers till zero-baggers! This is already naturally in us as retail investors. Recently; Uncle8888 happened to chat with one very senior uncle in his 70s during drinking free coffee and reading Business Times when he asked him : "You retired? You invest?". Later, he said he gave up investing as he has lost too much. Few of his stock holding were consolidated and will never recover his losses! The moral of the story : Once your stocks have been consolidated; it is extremely difficult to recover your paper losses! Why retail investing is so difficult? Selling! The Art of Selling and at the same time The Art of Holding as well for cash flow! This is CONTRADICTING Art! Paper gains are NOT real; but dividends are real and NOT ALL type of dividends are for you to spend. Beware of some types of dividends that are put temporary in your hand; and after sometime you may have to return some past years dividends which you have received. Read? When a Giant Gain Causes Pain (4)
Terribly NOT easy! Touchstones, Pillow stocks, really high yield, dividend payout ratio, retained earning and growth dividend story line! Simple FATA may be even more helpful over market cycles. No need for fanciful stuff! Know them well! Read? You Know Company's Balance Sheet In Its Simplest Form???
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.
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.