As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 11 September 2009

What Is The Consequence Of Making Investment Mistakes That Counts

http://sgmusicwhiz.blogspot.com/2009/09/can-we-afford-to-make-mistakes-in.html

http://fivecentstencents.com/blog/2009/09/10/to-err-is-human-to-learn-is-divine/#more-898

Remember Murphy's law:
"Anything that can go wrong will go wrong."

So someday and somehow we will make one or more very serious investing mistakes and cause us to lose money. It is the consequence of losing this money that counts.

Can we afford to lose this amount of money without waking up in the middle of night and wondering how to get through this crisis?

So does your investment strategy allow you to make a few serious mistakes and still allow you to get back into investing with new capital and hopefully to recover all your losses after learning your mistakes? If it is not, then you can't afford to make any mistakes.

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