Super in both FA and TA? One grand Master Guru from Hong Kong in the investment world has been holding some stocks (one of them is HSBC) for more than 20 years and collecting stock dividends from them. During the past and current market bears, he can still sleep well at nights. Why? He uses simple strategy for buying, holding and selling for his favorite stocks (Createwealth8888: probably blue chips) During market crisis, he would buy enough of his favorite stocks and stop buying more when he has enough of them and then wait for the bull market to come and sell enough of them to recover his capital. In this way, he keeps his "FREE" stocks in the market to receive stock dividends. Grand Master Guru called them "FREE" stocks and Createwealth8888 called them "Pillow Stocks". What did Grand Master Guru tell us? Patience and Gut The two great attributes of long-term investors for cash flow. Patience to wait for big bears to come and GUT to put in enough capital to buy enough of them so that they will have enough to do partial divestment to recover the initial investment cost and make the leftover stocks FREE. Simply, repeat the whole process again at each market bear and market bull to accumulate more of them to generate more cash flow. Many of us may have Patience but Gut may be lacking in us so it is very hard for us to put in large capital relatively to our account size to buy enough during market crisis; and then hold enough winning stocks for cash flow over decades. 20 years? OMG!
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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