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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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

Friday, 20 November 2009

Goals - Part 2

http://createwealth8888.blogspot.com/2009/11/goals.html

Someone set a Saving Goal of $50K in a year and told himself: "I'm still going to do it nevertheless. Armed with this suicide bomber mentality, I toiled month after month. I'm going to die trying it if I have to. When you announce to the universe that you wanted this so badly, things will bend over backwards to make it happen for you."


Yes, it is possible for your Saving Goal. You can hit your target if you do whatever it takes to get there.

But, there is one goal that may not be true - Trading Goal. Why?
"Stock picking is part science, part art, part luck, part intuition, and always uncertain - "not precisely knowing." - ???

I realized that for Trading Goal, no matter how hard you try, you may not even hit 50% of your Goal and not even you threaten to jump down from 50th storey. The Market doesn't know you and don't care whether you jump or not.

To consistently make money from the market required more than hard work and determination. It also required plenty of luck and intuition. Not sure is there any way to improve our luck and intuition?

If you come across any method that can help to improve luck and intuition, let us know.

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