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.

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Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Technical Analysis and Charting
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Sunday, 3 April 2011

Hey! What type of investors are you? (2)

Read? Hey! What type of investors are you?

KY said: "I have read most of Robert's books, Alexander Elder's, abit on trading psychology, abit of money management and some finance books from NLB on trading. After a while, the books seems to converge and did not solve some of my doubts namely timing and methodologies."


I absolutely agreed with KY on "After a while, the books seems to converge."  and I have no doubt about it. This is not the first time that I heard someone commented about it and it won't be the last too,
 
Why am I still reading more such books?
 
I didn't read more books to look for more superior/advance technical analysis, better/more winning methodologies, more/better technical indicators, more charting patterns; and etc.
 
I am reading for one or two new ideas from the authors on their thoughts on investing and trading; and not particularly on their trading methods as I don't follow any Guru's trading system. I don't even use any technical indicators with adjustable parameters. I only have lizard brain so it is not good enough to fully understand and use these popular trading systems or methodologies effectively to make money from the stock market.
 
Actually, I use simple fisherman's methodology - Tide Cycles (i.e. Market Cycles) as I love fishing as hobby.

It has worked for me so far and I also realized that those who are less fearful and more patient with better money and risks management are more likely to win over several market cycles.
 
So does more stock anlaysis help? I don't think so. More stock analysis may not actually help you to win more. There is no Holy Grail in the stock market; but there will be plenty of them as advertised in the newspapers. Later, I will read thesundaytimes papers to see any new Holy Grail. LOL!
 
"Less Analyzing and More Investing is the way to win over market cycles." - Createwealth8888
Posted by Createwealth8888 at 08:09
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2 comments:

  1. Anonymous3 April 2011 at 20:35:00 GMT+8

    Hi CW8888,

    "Actually, I use simple fisherman's methodology - Tide Cycles (i.e. Market Cycles) as I love fishing as hobby.

    It has worked for me so far and I also realized that those who are less fearful and more patient with better money and risks management are more likely to win over several market cycles."

    I can't agree with you much less than 101 %.
    When we(my wife & I) were "DINK", we believe in investing 100 % of our money in the stock market - when we were debt free. Er, actually about 80-90% of our money.

    ReplyDelete
  2. Createwealth88883 April 2011 at 20:57:00 GMT+8

    Ya. Good money management is even more important than stock pick.

    ReplyDelete

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