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

Monday, 26 September 2016

What Wrong With Investment Bias??? How I Work Around It?


Loss Aversion Bias?

Most commonly mentioned in investment blogosphere by many bloggers.

Uncle8888 is really big on loss aversion bias! No stop-loss! So what?

Like Chinese saying : Hit till death also never run! But; it doesn't mean he will end up as big loser!


Our own investing bias will continue to base on our personal investing experience, and outcome. We are most unlikely to alter such behavior when it still lead to desirable outcome.

Knowing common concepts is just knowledge; skills are developed when we evolve and develop ourselves around these core knowledge to achieve our own desired investment outcome and goals.

Learn whatever investing theories and concepts when we can; but we better know ourselves well and work around ourselves to fit into our bias to achieve results as by nature we can't really change our nature that much until it hurts us so much!












1 comment:

  1. LOL!

    Qian bei "marah"!

    Stop-loss is just one risk managing technique. Peter Lynch is not a fan of stop-loss either.

    There are loads of other risk managing methods and techniques out there.

    If you have big outsized winners to dilute out your losses, I don't see anything wrong leh...

    Unless of course your portfolio is all red ;)

    ReplyDelete

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