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

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Saturday, 28 June 2014

The Biggest Mistake Retail Investors Make - Trust but Verify???


Read? How to become rich in stocks??? (5)

The idea of these two rotten durians came from attending stock market view and company profiling organised for retail investors by an association. Branded Speakers. No Play Play!



Trust but verify.

Of course, verified okay. Hoot!

Down leh!

Trust but verify.  Verification confirmed. Hoot and average down!

Down again!

Hmmm...
 
Trust but verify.  Couldn't find anything wrong. Hoot and average down!


Down again!

Where and how to verify?

Trust. Trust. Trust!

Posted by Createwealth8888 at 18:14
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3 comments:

  1. Singapore Man of Leisure28 June 2014 at 23:37:00 GMT+8

    CW,

    Your post now even more cryptic than mine ;)

    For the benefit of those newer to investing, allow me to shed some light.

    Trust but verify is not so effective if from the very start, we put others on a pedestal - like idol worship.

    Verification is highly dependent on an independent mind. If our mind is already "poisoned" by ideas from our idols, then there is only trust (in our idols), there's little verification (by independent you) .

    That's why those who fell for land banking and gold trading scams - if asked what verification they did, will confidently reply the stock answers that were PROVIDED by their promoters. And they don't see the irony in that!!!???

    ReplyDelete
    Replies
    1. Anonymous29 June 2014 at 12:08:00 GMT+8

      Once you idolised someone, it's as good as being addicted to something. No amount of logic or common sense can bring you back to your senses.
      So can someone idolised or addicted to a stock?
      Yes, anything is possible in life.

      Delete
    2. Createwealth888829 June 2014 at 12:33:00 GMT+8

      I have cured myself through Cold Turkey from addiction to Idols and Super Stars.

      I have not attended any of these stock market view and company profiling organized by this association for the last 2 - 3 years.

      Delete

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