As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

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

Sunday, 7 April 2013

How to become rich in stocks??? (16)

Read? How to become rich in stocks??? (15)

Learn to become like Warren Buffet???

No. We can't!

But, we can become like Mini, Micro or Nano Warren Buffet.

Why not?

One way to fully understand Warren Buffet's Rules.

Rule No.1: Never lose money. Rule No.2: Never forget rule No.1 - Warren Buffet

"Buffett also uses his own unique definition of risk. To Buffett, the risk of holding any stock is only the permanent loss of capital. Apparently risking the temporary loss of even very large amounts of capital is of little or no concern to him. But for the rest of us who will eventually need the return of the capital we invest, even the temporary loss of a portion of it might create a serious financial hardship." Chuck LeBeau

Read more? You Are Not Warren Buffett

Read? Getting good returns without too much risk???

Follow another wise man's rule

This is what my Sifu, Jessie Livermore said:

In the famous book entitled Reminiscences of a Stock Operator, Jessie Livermore said: “After spending many years in Wall Street and after making and losing millions of dollars I want to tell you this: It never was my thinking that made the big money for me. It always was my sitting. Got that? My sitting tight!

It is no trick at all to be right on the market. You always find lots of early bulls in bull markets and early bears in bear markets. I've known many men who were right at exactly the right time, and began buying or selling stocks when prices were at the very level, which should show the greatest profit.

And their experience invariably matched mine -- that is, they made no real money out of it.

I found it one of the hardest things to learn. But it is only after a stock operator has firmly grasped this that he can make big money. It is literally true that millions come easier to a trader after he knows how to trade than hundreds did in the days of his ignorance.”

Men who can both be right and sit tight are uncommon.

May be it is easier to learn form late Uncle Chua from Singapore.  Something closer to home!

Definitely, we can become like Mini, Micro, or Nano Uncle Chua!

Read? Value Investing Made Simple by Uncle Chua (2)


No comments:

Post a comment

Related Posts with Thumbnails