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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


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

Saturday 11 July 2009

Warren Buffett's Top Three Investment Rules for the Average American

aiyo... Buffet has new Investment rules!!!!

there's no mention of intrinsic values, durable competitive advantages, or even buy-and-hold.


Time has changed. Now, we are living in a globally connected economy; and news travel at the speed of electonic light wave and drive stocks prices crazy before you even realized it. Isn't time for Buffetology followers to start thinking on his new investment rules??? Why doesn't he mention his old favourite rules???

Hmm... Buffet's Rule No 3 looks same as one of my own Rules?

If you like to read more http://createwealth8888.blogspot.com/2009/01/understanding-debt-risk-and-leverage.html and follow up with search on keyword: leverage

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By: Alex Crippen
Executive Producer

Warren Buffett isn't shy about giving advice. If he hadn't gone into the investing business, he could well have made teaching his profession.

Now that he's the world's greatest living investor, there are plenty of pupils anxious to attend class.

Today (Friday), ABC's Good Morning America featured several Buffett lessons.

In a taped interview, Bianna Golodryga asks Buffett for his "top three pieces of advice for average Americans who want to grow their savings and keep their money safe."

In this venue, there's no mention of intrinsic values, durable competitive advantages, or even buy-and-hold.

Buffett's response:

1) If it seems too good to be true, it probably is.

2) Always look at how much the other guy is making when he is trying to sell you something.

3) Stay away from leverage. Nobody ever goes broke that doesn't owe money.


Buffett also finds important life and investing lessons in his favorite game:
AP

Warren Buffett plays bridge at the 2005 Berkshire Hathaway shareholders meeting
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"In bridge, everything anybody does or doesn't do, you're drawing inferences from, including your partner and your opponents. You're working with a partner. If you don't work well with partners you're not going to have a winning bridge team over time. And everything you've learned from the past has some utility on the next hand you play. The next hand, you've never played it before and you'll never play it again in your life. But on the other hand, the problems you've solved in the past are useful in solving the problems there. And you have to keep paying attention all the time. You can't coast."

And while Buffett doesn't think that everyone should necessarily get a college degree, he does strongly believe in the value of learning, as any good teacher would.

"Generally speaking, investing in yourself is the best thing you can do. Anything that improves your own talents. Nobody can take it away from you. They can run up huge deficits, the dollar can become worth far less, you can have all kinds of things happen. But if you've got talent yourself, and you maximize your talent, you've got a terrific asset."

http://createwealth8888.blogspot.com/2009/07/your-most-important-asset-is-yourself.html<--- If you wish to read more ...
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