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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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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Saturday, 25 December 2010

Hey! Are you good at stocks? (4)

Just for Laugh ...

Read? Hey! Are you good at stocks? (3)

qinzheng said: "The problem is most ppl do not learn from their mistake?"

May be for stock investing/trading, the bigger problem is that some people tend to think they didn't make mistakes. The market is the one that makes mistakes. The collective wisdom of the market is wrong but they are right.

But I believe that the collective wisdom of the market may be wrong in days (e.g. sell first, analyse or thinking deeply later); but it seldom remains wrong in weeks or months. Get it?
Posted by Createwealth8888 at 08:39
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3 comments:

  1. Anonymous25 December 2010 at 08:51:00 GMT+8

    I would rather think the Market is not wrong but has not discover the discrepancy in pricing yet - especially for new companies, etc

    ReplyDelete
  2. qinzheng25 December 2010 at 15:08:00 GMT+8

    i guess the common problem is our "emotion". When ppl monitor the market everyday, they get affected by the ups and downs, thus causing them to make the wrong decision. I have learned from that mistake.
    Sometimes i heard alot of ppl say, i should have sold it when xxx counter reach $x, now going down.... Or I should have bought xxx counter, see the price went up so much....etc...
    Seriously, if we are able to time the market so well, we wouldn't here talking to all of u... haha

    ReplyDelete
  3. Createwealth888825 December 2010 at 16:51:00 GMT+8

    Go for more income stocks as they tend to be less volatile most of the time in the market if emotions control is an issue and causing too much emotional stress.

    ReplyDelete

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