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!

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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

"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.

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Value Investing
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Thursday, 17 September 2009

Gambler's Losses and Investor's losses

When a Gambler goes to Casino with $50K to gamble, he knows that due to bad luck he will lose all his $50K. The Gambler can live with the $50K losses. He knew it. It can happen!

But, when an Investor goes to Stock Market with $50K to invest, he will never expect that he will lose all his $50K. If the Investor ever lost $50K in the Stock Market, he may not be able to take it. He may be traumatic about his losses.

Gamblers know their losses while Investors are shocked by losses. See difference.
Posted by Createwealth8888 at 20:42
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