I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

Currently; it about 54% to destination!


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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

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Saturday, 17 May 2008

Do you know where are rocks? (stocks)

I like this story ...

Once, three millionaires decided to take a short break. After some discussion, they agreed that the best way was to row a boat to the middle of a lake and have an afternoon tea.

They rented a boat and rowed to the center of a serene lake. As they sat down to enjoy their tea, they realized that they have forgotten to bring the teapot. they looked with amusement at each other.

"No problem. I'll get the teapot," volunteered the first millionaire. He stood up, put one leg over the side of the boat and began to walk on the water back to the shore. After purchasing a teapot from a village, he walked on the lake and returned to the boat. All the three millionaires were ready to have their lazy afternoon tea.

As they boiled the water, they found out that they had forgotten the tea leaves.

"Leave that task to me," volunteered the second millionaire as he stood up. He put one leg over the side of the boat and walked on the water. After purchasing some tea leaves, he returned to the boat by walking on the water.

Soon, the three millionaires smelled the sweet aroma of the tea and drank it. Then they realized that there were no sandwiches. An afternoon tea would be wonderful if there are some tidbits.

"okay. since both of you had ran the errands earlier, it leaves me no choice but to get some sandwiches," volunteered the third millionaire reluctantly, when the first two millionaires cast their eyes on him.

He stood up like the other two and put one leg over side of the boat. He began to put his weight on his leg. Splash! Splash! He sank and struggled to keep himself afloat. Seeing that he was drowning, the other two millionaires jumped in to rescue him and managed to get him into the boats.

As the third millionaire was drying himself with a towel, he asked sheepishly, "How did you two manage to walk on the water?"

The millionaires looked at each other, then at him and replied, "We know where the rocks are."

If you know where the rocks (stocks) are in your life (market), you too can be a millionaire and walk in the waters of your life without drowning.

(extract from book entitled "from Beggars to Millionaires")

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