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

Thursday 9 April 2015

Does Experience With Past Market Cycles Made Us Wiser and Profitable???

Uncle8888 has been probing those white-hair Zebras around in his office; but his probing results didn't show that experience with past market cycles made us wiser and profitable. Once we were badly burnt; we are likely to chop our fingers and stay away from the market.

He is 55+. He couldn't meet his CPF Minimum Sum so his 5-Rm HDB flat was automatically pledged.

He confessed he lost heavily during AFC and especially in CLOB saga.

He still remember those days of just watching TeleText and made easy money doing active contra trading. 

One particular stock, he could remember so well - Van Horst. (Oldies may know this stock). He "contra-ed" for seven times in one week and made lots of money.

In pre-AFC days, CPF members could draw out their profits to spend; but losses were retained in their CPF investment account. This was how CPF members hold on their losses but spent away their profits on expenses. Shiok?

Read? In Investing, ACCOUNT SIZE really MATTERS! Why???

Read? What was I thinking and feeling in Mar 2009 Bear market low? (2) - Re-posted

Createwealth8888 till today can still remember clearly when two very experienced cyber investing kakis in the stock market who believed in their favourite and trusted Guru's view in Mar 2009 were congratulating themselves for staying very cash rich in Mar 2009. One was 90% cash and the other 100% cash!!! 


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