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

Sunday, 8 November 2015

Investing Made Simple by Uncle8888 (38)


Read? Investing Made Simple by Uncle8888 (37)

We may have to work harder to reduce our Asymmetrical Thinking over long run to produce better portfolio performance result.

1. Unable to control their emotions over P/L.  They are so worry that their paper profit will soon disappear when market shows some sign of turning against them so they are fast to take quick profit but when they are on paper losses; they are so slow and patient. Their patience can withstand decades of sitting on paper losses without worrying too much.
Do we know that when we are very good and discipline at money management and position sizing (No deadly average down). We can only lose 100% of that position when we are deadly wrong; but when we are right and continue to be right for long time; we will make more than enough to recover that few deadly wrong. 

 Uncle8888 is not preaching theory and concepts here!

It is real and has been done!

2. Seduced by high yield.  Is high yield due to high dividend payout? When we are not aware or don't even bother about it. Just happy with the high yield. Shiok! Dividends are coming soon!
 




 
Posted by Createwealth8888 at 10:21
Labels:

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
Related Posts with Thumbnails