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.

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Wednesday, 7 October 2015

My War Room (6)


Read? My War Room (5)

We may have just two to four opportunities in our lifetime of long term investing to create wealth from the stock market.

Uncle8888 has managed to create some passive income (Money Trees) from 2001 to 2003; BUT NONE from the biggest opportunity in the stock market in last GFC 2008/2009. 

His biggest mistake so far!

 Instead of investing for Money Trees; he was caught busy cutting losses and switching horses to stay calm and raising cold hard cash to sleep better.

It is not the best way to create wealth in rare window of opportunity presented by Mr. Market by trying to stay calm and raising more cash to meet liquidity needs. Dumb! Really dumb!

Do you see his reason in retaining his larger War Chest?


 
His Investing Goals is for ten years!

Another 6 years to go. Should have enough time for the next Great Bear opportunity to meet the ten-years End Goal.
 


 
 
Posted by Createwealth8888 at 08:05
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6 comments:

  1. Createwealth88887 October 2015 at 08:11:00 GMT+8

    Set a longer time based goal to avoid being pressurized by time to act to meet our goals.

    ReplyDelete
  2. yeh7 October 2015 at 08:15:00 GMT+8

    uncle

    i have increased my war chest and market rebound

    ReplyDelete
    Replies
    1. Createwealth88887 October 2015 at 08:21:00 GMT+8

      Read and study again. Seriously understand it --> Strengthening War Chest From Our Investment Portfolio??? (2)

      Making hay while Sun shines or by pulling out weeds from Garden.

      Answer your own question. What are you doing?

      Delete
    2. Singapore Man of Leisure7 October 2015 at 10:53:00 GMT+8

      temperament,

      That's why to fly, we need a pair of wings ;)

      Those "young" in the market are having angst now because they are discovering they have been flying with one wing (actually possible, but you need to be a helicopter, but that's next level stuff)...

      And the fisherman is one of only few who openly shares his BIGGEST mistake. And that's not because he got lousy "entries" ;)

      Well, I think the CEO of Glencore - Ivan Glasenberg - is wishing he had exited earlier, just like the remisier king Peter Lim had exited from Wilmar ;)


      Make a guess when the sly fisherman have reached his 10 year goal, will he move the goal posts and have another 10 year goal, or will he exit the market?

      Not adding fresh funds to the equities market - is this an entry or exit strategy?

      Delete
    3. Createwealth88887 October 2015 at 13:22:00 GMT+8

      By not adding any fresh funds I will be capping the upper limit of risks i.e. taking care of the down side and let the up side take care of itself.

      Delete
  3. Dividend Knight7 October 2015 at 13:10:00 GMT+8

    I agree
    Having a war chest ready at all times is important.
    We must be prepared for the 10-year cyclical bear.

    ReplyDelete

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