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

Tuesday, 10 November 2009

Stock Market Is War - Part 4

Read? Stock Market Is War - Part 3

"The Stock market is a financial redistribution system. It takes money away from those who have no patience and gives it to those who have." - Warren Buffet

"When you are emotional, you make unwise decisions rapidly." - Warren Buffet

"When it comes to my finances, I walk before I run and run before I soar" - Dr John F. D.

A young colleague told me she got $10K and want to invest in stock and ask me for advice. I give her this advice: "Save up to $30K and come back again." I could sense that she was really disappointed.

Some people and especially the younger ones think: Yeah, I want to quickly invest in the stock market and make money and build up wealth.

But, it is more important to save enough capital and set a side a tidy sum of money for some financial stability and security before you start investing in the stock market. Stock market is a highly dangerous place and it is not a level playing field. There is no such thing as amateur and you come into the stock market immediately as pro.

See Who is in the Market?

Read? Trading could be looking easy!

Be patience, build up your capital base first and at the same time slowly read up on some investment books.

When your capital base is ready and by then you should have some good basic knowledge on investing. You can then slowly polish up your investing skills through your investing experience.

Be patience or Become patient

No comments:

Post a Comment

Related Posts with Thumbnails