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



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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.

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Value Investing
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Tuesday, 17 September 2013

Cut loss or Write it off???



Just For Thinking ...



Are you struggling with yourself constantly whether to cut loss or not?


One way to overcome your emotion and stop struggling any more.


Do you still have plenty of cash rotting in the bank as War Chest?

If yes, write it down to one cent per share and move on.

Now when you look at that stock again. It is a winning stock. Right?

Only when you run short of money, then start thinking about this "winning" stock. Cut loss for capital!

It is all in the Mind!






Posted by Createwealth8888 at 22:02
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5 comments:

  1. Singapore Man of Leisure17 September 2013 at 22:34:00 GMT+8

    CW,

    If I no war chest and 100% vested how?

    ReplyDelete
  2. Money Honey18 September 2013 at 08:47:00 GMT+8

    Agree that if you have picked a "winning stock" then no need to sell when you are not short of money. Anyhow cut loss a "winning stock" is a losing strategy as the sales proceeds is of a lesser amount than the original amount invested; and by doing so, the war chest will be reduced without knowing it. You are not doing justice to yourself as you have undermine your own capability to select this winning stock in the first place. Cut loss for capital? Surely not so desperate right? Unless really in need of money.

    ReplyDelete
  3. Unknown18 September 2013 at 13:54:00 GMT+8

    I would say a good time to buy gold bullion as a store of wealth. Check out my blog, SG Web Reviews (www.sgwebreviews.blogspot.com).

    ReplyDelete

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