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Should our investing decisions be continuous struggle??? (3)
Why Investing Goals?
Uncle8888 set for himself a 10-year Investing Goals.
10-year Goals, Yearly Target, Quarterly Review
Why 10-year Goals?
10 years is a long time for your investing horizon.
You will encounter one or more market cycles of Bull and Bear.
There will more than enough time and opportunity for you to learn, re-learn , correct, revise, and make up for whatever you need to do in the stock market to win more and avoid losing big.
We must always remember this. Once big losses are locked in as negative return; you may have to struggle a long time just to break even.
It will be terrible lessons to be found out by yourself! May be it is worth learning it.
You have 10 years to deliver your investing performance and verdict.
Why you need to be Kan Cheong Spider?
There will be enough Cooling Off days for you to overcome your greed and fear and to calm your nerves and better informed.
There will be enough time for your save more from your salaries and to slowly enlarge your war chest to fight the next few battles.
In investing,
Your Account Size Really Matters!
Why Yearly Target and Quarterly?
Your Yearly Targets are not set for fun.
These Yearly Targets will serve as your milestones along your investing journey to achieve your 10-year Goals.
These milestones will be driving you to take some actions every year to try to meet your yearly target; otherwise when we don't know what to do next, we rather do nothing and wait far too long for something to happen to drive us again.
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