Upon a time; there were two men from time to time when they have the opportunity they would poke each other over trading and investing. One man was the late known "Guru" who has avoided to answer even simple question of Yes or No by stating the fact that even audited companies could hide frauds and not detected. In another word; even audited statements cannot be trusted. "Guru" has been advocating faith and trust and you need to believe! Trust since you can't really Verify! You can't! The other man is still currently trading for a living.
One day; late "Guru" poked back with a good response. Positioning Size and Risk Comfort Level Guru : When I have full conviction over one company; I dare to build up positions up to 5 to 10% of my net worth. In your trading; you dare or not? Uncle8888 fully agreed with Guru!
Successful retail investors can have very high level of risk comfort when they see opportunity and seize them; but successful traders will have to fall back to their risk control and risk management even they have full conviction. How many successful retail traders dare to build up their positions to 5 to 10% of their net worth? That is the difference between retail trading and retail investing. Right?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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