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

Saturday 18 June 2011

Small retail investors so excited over SCB

For the past few weeks, there was so much excitement at Singapore No 1 investment cbox over SCB who is so kind to level the playing field for spider monkeys with no minimum commission brokerage.

Spider monkeys can now swing from tree to tree to pluck coconuts here and there at very low cost. Since these coconuts can be plucked at very low cost why worry whether the coconut is green, yellow or brown. No problem, just try one coconut at a time.

In investing, I have seen many successful investors learning their lesson from their most painful and unforgettable lesson of big losses before they became wiser.

Small losses here and there will not teach the spider monkeys the truth of investing. There will not be enough pain to hit them harder and make them learn from the painful lessons and become wiser in investing.

I think there is some similarity between swinging spider monkey and the boiled frog.

The Boiled Frog
They say that if you put a frog into a pot of boiling water, it will leap out right away to escape the danger. 

But, if you put a frog in a kettle that is filled with water that is cool and pleasant,
and then you gradually heat the kettle until it starts boiling, the frog will not become aware of the threat until it is too late.

The moral of the story ..

If you can't feel the great pain immediately and learn from it; you may be killed slowly without even knowing why.

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