As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Tuesday, 21 May 2019

Book : The Best Investment Writing
























Understand your own time horizon in investing






















Not good  for those who strongly believe in hardcore analysis as investors to be world class investors.

Skip this chapter!

Less analyzing. More investing - CW8888

It is fine for Uncle8888!








Uncle8888 is with this camp. Earn more and save more.

In long term investing, you account size really matters - CW8888









In nearly every case, it is more realistic scenario to spend zero hours on investing, and simply works a few more hours and achieve a much higher yield on your entire portfolio.

Only once you achieve family office levels of wealth does it make sense to be spending ANY time on your portfolio.

CW: Anyway most retail investors will disagree. LOL!


























11 comments:

  1. Investing is a Game of Money. More money. More chances. More chances. Higher rate of success of winning more than losing. Every chance; you will learn something for the next chance. More chances. More learning.

    ReplyDelete
  2. Time horizon -- part of the "ability" aspect of taking risk / investing.

    "Master of none" investing -- Buffett also agrees with this for majority, not just retail, but also pension funds, university endowments & sovereign wealth funds. No need to pay $10s of millions per year to so-called skillful portfolio managers! :)

    Hence the saying of some to keep 90% of your long term investments boring, and use 10% for exciting trading or "investment strategies" -- to cure the itchy fingers.

    Earn more & save more -- Meb Faber is an advocate for the Personal Finance Pyramid, where investing actually only forms a small top layer. The bottom 3-4 layers are more important fundamental aspects that determines more for a person's financial wellbeing e.g. type of study, earning & job aspects, skillsets, thriftiness, emergency funds, term insurance, medical insurance, cost of housing etc.

    Many bloggers have also written from personal experience, as well as analysis, that the 1st 10-15 years of active income & savings are much more important to long term wealth than trying to "master" investment performance.

    Personal finance pyramid

    ReplyDelete
  3. Thumb up to your add on. Scaling up our personal finance pyramid is good way to go about.

    ReplyDelete
  4. In short can be like this or not?

    Deep pockets(earn more and save more),

    Longevity(more money, more chances)

    and lastly but not least ( after doing your homework, nothing U can do if something bad happens to the company of your stock aka Lady Luck or whatever your faith or believe is).

    10 % 0f capital(won money from market) for itchy fingers was too much for me from my own experience.
    Especially now cure of itchy fingers already due to experience and age.

    Aka no good at trading or speculations.

    YMMV.

    ReplyDelete
  5. Longevity:more time with more money and saving

    ReplyDelete
  6. This is so true. Spend more time earning active income for investing. Most bloggers here boast their portfolio but actually they did not tell where in their first place their money comes from.
    Dabbling with the stocks does not help. It's more discipline of the mind.

    And discipline of the mind comes from experiences (personal, or others by reading) and cultivating over times which eventually lead to wisdom.

    ReplyDelete
    Replies
    1. Wisdom of investing. This wisdom will help us to avoid future large losses

      Delete
    2. When U don't lose anything(aka money) U win liu.

      Because your capital is always there for U to seize or pounce on any opportunity as it manifests itself or U manage to come across one.

      YMMV.

      Delete
    3. Low return on war chest is not negative return on losing position holding. Not same

      Delete
    4. That's actually what i want to say.

      BY still having your cash, it is definitely not kept under our pillows or in tin cans.

      Delete

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