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

Thursday, 19 April 2012

Track, Measure, and Visualize performance!

Read? XIRR/CAGR: Investor's true performance indicator! (6)

Read? How to know when I am wrong? (2)

How do I know is my current trading or investing strategy still working for me?

Simple. I track, measure, and visualise my performance.

I only started serious and diligent tracking and measuring from Jan 2003 onwards.

From Jan 2003 till Mar 2012, those months that P/L that is in Red!:

Feb 2005
Aug 2007
Jan  2008 Bloody Red!!!
Aug 2008 Bloody Red!!!
Sep 2008 Shit Red!
Oct 2008 Bloody Red!!!

As of now, 2008 is the only year that I was in Red!

What did I do in Nov 2008?

I QUIT active Contra trading till now!!!

I also stopped monthly review and switch to quarterly review and meeting yearly goal instead of meeting monthly target prior to Nov 2008.

We set our review period and evaluate our performance against our investing goals over our investing horizon. Are our strategy still working? Only we know ourselves. No one else can help us. But, we can't in the state of self-denial too.

In the stock market, there are no failures. Only hopeful or hopeless! - Createwealth8888




Posted by Createwealth8888 at 07:44
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