Read? No One Can Teach You Conviction. You need to Acquire It Yourself Ask any retail investors who have average down their stocks until recovery to break even is near impossible. Are they ever short of conviction? Uncle8888's money management and risk management limited exposure to any single stock to not more than 10% of his total capital since inception in Jan 2000. From the chart below; where is his conviction over the last 18 years? Hoot tua tua or Let it be and then tua tua?
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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