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.

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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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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Tuesday, 20 October 2009

Greed And Fear - Part 2

Here is DOW Worst 1-day % Declines:

19 Oct 1987, -508, -22.6%
28 Oct 1929, -41, -13.5%
18 Dec 1899, -8, -12.0%
29 Oct 1929, -230, -11.7%
05 Oct 1931, -10, -10.7%
29 Sep 2008, -777, -7.0%

When fear takes over it consumes investors, and everything looks so black and drops so fast. Fear can cause investors to painfully sell, take their losses and stay away from the market.

But, sooner or later, Greed slowly takes over when investors see others making money and want to get back in the game before the opportunities get away.

Greed is even more powerful than Fear in the market, and can cause the self feeding actions, the same investors who have sold earlier may become greedier and buy back even higher.

This self-feeding action of Greed can really push the bull market to the new high.

So are you more greedy now or more fearful? Ask yourself and those around you and let me know

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