We have heard about patience and discipline in long run (term) investing in the stock market. Wait for the Big Bear market and invest for double digits yield.
Real retail investor. Real Story.
He is 60 and has started investing, trading and punting in the stock market when he was in his late 20s. He can be said to be a veteran who went through several market cycles. After winning and losing through his early YEARS of investing, trading and punting, he learned something that most of us understand. Patience and Discipline!
He told me his problem with patience and discipline. He has too much of them! Till now @ 60, he is still lack of future cash flow in dividends as he is too patient and discipline to convert his low yield interests to higher yield dividends.
How tough is long-term investing!
See for yourself!
Posts
"He told me his problem with patience and discipline. He has too much of them! Till now @ 60, he is still lack of future cash flow in dividends as he is too patient and discipline to convert his low yield interests to higher yield dividends."
ReplyDeleteHis patient and discipline is for the wrong reason. :(
Our patience may be like rubber band. Once stretched, it may be farther stretched. LOL!
DeleteUncle 8888
ReplyDeleteKope your sentence . " More investing , less analyzing "
market is down 20%, my portfolio down about 16%..paper loss 80k..what i earned this few years, enough to cover my paper losses 50% only nia.
ReplyDeletei still sleep sound. well, most of my holdings are blue chips...
see how, still have some money. if drop further then buy somemore...
at most, hold few years and wait for dividend to cover my paper losses. few years later, hope the dividend receive enough to breakeven my paper loss...sell also no win no loss...
ended up, lose to inflation. 白忙一场
Lose to inflation no immediate pain. Lose to market very painful. One colleague told me she bought Ferrochina and next day got suspended. So painful!
ReplyDeleteSometime too much patience will end up like Goldilocks. :-)
Deletei am like this lo..
Deletewell, 2009, too small gut to punt. then wait and wait till 2011.
then 2012 buy small small. 2013 buy and run.
2014 buy and drop then drop and buy somemore..ended up stucked:(
well...aiya...very sianz now.
hi temperament
Deletedo u think this time correction/ bear will be like 2008/2009?
hi temperament
ReplyDeletei hope that by that time i reach my retirement age, around 50++. then i able to generate good passive income to cover my monthly expenses:)
Passive income is not that difficult to execute. Just keep adding more capital can liao
ReplyDeletejust like my ntuc fund is it?
ReplyDeletebut i want capital protected leh.
No such thing as capital protection for DIY retail investing in the stock market. Go and buy capital protected fund
ReplyDeleteWhich fund got capital protected fund?
ReplyDeleteEven bank will also bankrupt leh
Those who bought capital protected funds in 2009 are banging their heads on the wall as all other asset trains pull away from the platform without them on board :(
ReplyDeleteThe markets exist to make fools of most men.