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

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Value Investing
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Tuesday, 11 August 2015

Self Interest vs. Vested Interest???


Help yourself and knows the difference between self interest and vested interest !


Here is Self Interest!


 Those hobbyist bloggers like Uncle8888 talked about self interest. 

No hidden agenda. No snake oil selling. No vested interest!

 Made money. A moment of happiness!

 Lose money. Eat Panadols to ease headache and heartache.

 So far, Uncle8888 has three close conversation (actually should be self confession session) with real retail trader/investor and realized that we have to be very careful when listening before parting tuition fee to the well known. Just because they are well known, they appeared often in the newspapers and TV; they may have inspired you so much; but does it work for you is definitely different thing!


 Remember 3Ms - Method. Mind and Money Management!


 Real People. Real Story
1. He graduated from School of ChartWhatEverWin; but he was still losing money. 

How come? 

So he decided to met up with Uncle8888; Was he disappointed after the meeting?

There is no Secret Sauce from Uncle88888. How to believe?

2. She graduated from School of Make10,000Millionaires and hoped to make enough to supplement her family expenses and becomes stay-at-home-mum. She didn't became millionaire and she gave UP!

 3. She graduated from the same school as No 1 i.e. School of ChartWhatEverWin; but she was still losing money. So she thought that this School is not powerful enough. She paid for even higher course fee to attend Singapore's branded one. An Academy standard that was taught by millionaire trader and author himself. Don't play play. 

Armed with two "degrees" from the different School; she also couldn't make it. She now followed Uncle8888's simple method in long run investing. 

Patience and Discipline!

Got free time and hand too itch. Go and bake cakes!

Posted by Createwealth8888 at 10:42
Labels:

16 comments:

  1. Jimmy L11 August 2015 at 13:14:00 GMT+8

    respect!

    ReplyDelete
  2. Singapore Man of Leisure11 August 2015 at 13:18:00 GMT+8

    CW,

    That was fast!

    For those following you "blindly", serve them right.

    Now they have to blanco out "Goal Based Investing Approach", and change it to "Patience and Discipline" ;)

    Hee, hee.

    ReplyDelete
  3. SMK11 August 2015 at 13:45:00 GMT+8

    heh bonus question: which of these 2 schools have been promoted by a famous blogger?
    which blogger is now promoting the halfdozenpeople offshoot of 10000 millionaires
    (they quarreled and left. inspired a recent facebook post by 10000m)

    when you given up, they go on to find new ground with people disheartened by nayjeeb

    nice snipe smol! hahaha

    still i stick by uncle's insistence on measurement, just that i dont use it to set goals.

    https://www.google.com.sg/search?q=bill+gates+measurement

    ReplyDelete
    Replies
    1. Singapore Man of Leisure11 August 2015 at 15:37:00 GMT+8

      SMK,

      Here's the counter-balance:

      https://hbr.org/2010/10/what-cant-be-measured

      It's interactions with people like you and CW that make me grow intellectually stronger.

      We don't come here empty handed; we leave here with more than what we brought with us ;)

      Delete
    2. SMK11 August 2015 at 20:22:00 GMT+8

      foul! that one intangible leh

      Delete
    3. Createwealth888811 August 2015 at 20:28:00 GMT+8

      Red card waing at SMOL

      :-)

      Delete
    4. Singapore Man of Leisure12 August 2015 at 12:24:00 GMT+8

      1) SMK,

      That's the opposite tadpole to your Bill Gates Tao symbol ;)

      If we only stick with measuring what can be measured, we run the risk of ignoring the intangibles... We can''t measure happiness, is it not important to you? Hee Hee.


      2) CW,

      How do you set goals on Patience and Discipline?

      You yourself asked how to improve Discipline?

      There! How to know you have improved or regressed?

      Are Patience and Discipline not "intangibles" too?

      LOL!

      Delete
  4. Sanye ◎ 三页11 August 2015 at 15:32:00 GMT+8

    I like this: Patience and Discipline. I can't bake cake, when got nothing to do, I go brew Chinese tea.

    ReplyDelete
    Replies
    1. Createwealth888811 August 2015 at 15:51:00 GMT+8

      How can one improve their patience?

      Delete
    2. Sanye ◎ 三页12 August 2015 at 09:07:00 GMT+8

      That where you have to teach us leh. IMHO, understanding fully the mechanism will help to take away the anxiety.

      Otherwise, go do something else: bake a cake, brew a pot of Wulong Tea, fishing... etc.

      Delete
  5. la papillion11 August 2015 at 15:54:00 GMT+8

    I think sometimes the teache or the method might not be right for the student. These kind of things, have to try out to know. Sometimes we stumble upon the road to success by eliminating the paths that are wrong ;)

    ReplyDelete
    Replies
    1. SMK11 August 2015 at 20:24:00 GMT+8

      sometimes that's true.

      and sometimes, you follow what they teach,
      you don't succeed but others who buy from them,
      on paper, can portfolio grow 400% in 4 months.

      so you wonder if you are doing it wrong,
      or must really get them to do it for you
      or the paper cannot withdraw too much, otherwise it will tear.

      Delete
    2. Createwealth888811 August 2015 at 20:31:00 GMT+8

      The only problem when the students got back to them for further advice - you didn't follow the method correctly! Others can.Why you can't.

      LOL!

      Delete
    3. SMK12 August 2015 at 02:12:00 GMT+8

      Lol because instead of just buying course to follow from 10000m, they buy investment from 10000m that can 400% up in 4 months.
      Lol

      Delete
  6. Unknown13 August 2015 at 03:01:00 GMT+8

    discipline = when you buy. many like to buy at high
    patience = when you sell. many like to sell at low
    or the other way? :)

    ReplyDelete

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