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

Sunday, 20 April 2014

Contrarian, Stubborn or Stupid???


No Exit Plan and no Stop-loss!

So is Uncle8888 being Contrarian, Stubborn or Stupid?





Posted by Createwealth8888 at 18:38
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4 comments:

  1. CreateWealth888821 April 2014 at 07:42:00 GMT+8

    The Moral of the Story: Don't say no chance to buy Kep Corp last time hor.

    Look at the chart again.

    ReplyDelete
  2. Candy18821 April 2014 at 08:57:00 GMT+8

    Hi cw8888, how did you manage to get hold of your emotions to withstand the turbulent rides till now & more good years to go?

    ReplyDelete
    Replies
    1. CreateWealth888821 April 2014 at 09:50:00 GMT+8

      Read? Articles on Portfolio Management

      Learn to manage at portfolio level.

      Feel free to fire more questions after reading

      Read more? 3Ms

      Read more? Pillow Strategy





      Delete
  3. Candy18821 April 2014 at 09:56:00 GMT+8

    Extract of the article, title "How to win at a winning game" by Teh Hooi Ling

    Because of this emotional tug of war between greed and fear, many investors effectively manage to lose at a winning game.

    So how exactly do we ensure that we WIN at this WINNING GAME?

    (1) First, understand that when you invest in a diversified basket of stocks, you are INVESTING in a SLICE of the ECONOMY.

    As long as we need to buy and sell things - there is no question about this here because we can't possibly produce all the things we need ourselves - then there will always be a value to productive companies.

    (2) Second, DON'T EXIT the market when everyone else is rushing for the exit. Then, you will not get a fair value for the businesses that you own.

    (3) Third, all the more you should BUY when you see BUSINESSES going on sale at a CHEAP PRICE.

    http://www.thestar.com.my/Business/Business-News/2014/04/19/How-to-win-at-a-winning-game/

    ReplyDelete

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