- Can you be the next Uncle Chua?
- What can we learn from Uncle Chua?
Let Uncle8888 continues with the story with his favourite 3M's theory. Read? 3M's Theory.
Complicated method of stock picking is NOT pre-requisite for making money in the stock market. A simple method like buying blue chips that pay dividends slowly over the bear market is equally effective in making lots of money over long run. This method may look simple; but it is not easy to do it.
One guy said: "Blue chips is no brainer when market collapses."
Uncle8888 replied: "When market collapses, some investors lost their brains!" (I will come to this at later part of this post)
You need enough money to slide with Bear to buy slowly. (That was my biggest mistake in 2007/2008 for not keeping enough troopers to fight the Bear. Alamak!)
Even you may have enough money but you may not have the GUT like Uncle Chua to keep buying when the stock market keeps going down. (I knew two guys during the market low at Mar 09 were congratulating themselves for staying in cash: one at 90% and the other at 100%!)
"When market collapses, some investors lost their brains!"
To be the next Uncle Chua, we must start focusing on building up Money and preparing our Mind for the next Bear and also don't worry too much on Method.