Wednesday, 13 July 2016
Yesterday, Uncle8888 was talking to this 62+ old years colleague who has been re-employed this year for another year on one-year contract basis.
He has given up on stock market after losing so much money in the past bear markets with a few ZERO baggers and expecting one more coming soon, EZRA.
He asked me about EZRA as he got large position in it. When we looked at the chart; it is quite obvious!
Most of us will lose money in the stock market. That is the only truth! Losing is part of the Game. Don't Give Up Yet!
What we read and hear in newspaper ads and in the cyber world are just advertisement. Not any different like slimming and six-pack ads in one easy way.
The truth, "Gurus" who are making money from investment courses don't lose money. Teaching method and executing method are two different skills.
Uncle8888 lost money; but he never has any doubt that he will give up on stocks and even stick to just stocks listed in SGX.
No global equities diversification.
No investment properties.
Just local stocks and Sing dollars.
He is still surviving. Let see for how long he can stay in this mode.
Simple may not be equal to ineffective.
Uncle8888 knew it in his heart as he tracks every details; count and measure everything that can be effectively pointed to his performance and strategy for revision and improvement.