Last night; one ex-vendor and ex-colleague jio Uncle8888 for dinner at the famous Clementi Satay. Of course; when they have dinner with Uncle8888; one of the thing to talk about will be on investing. This ex-vendor is amazed at Uncle8888's decades of holding multi-bagger stocks and seriously he wanted to learn from him on how to hold multi-bagger stocks over the next market cycles. His biggest regret of unable to hold winning stocks and this he must learn from Uncle8888 for the next bear market. Uncle8888 bought DBS at $7.53; but he bought DBS at lower than Uncle8888 at $6+. The biggest regret is that he sold DBS far too early; otherwise he will be one telling better story of high yield of 9% multi-bagger blue chip - DBS. The Moral of the Story It is easy to hold losing stocks forever; but to hold winning stocks over market cycles is far too difficult to execute. So what is Uncle8888's strategy? Like or not. Long-term investing is a Game of Strategy. We need these strategies to win the Game! How to overcome the pain of sitting on giant pain when market seen to start correcting or pull back?
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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