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

Saturday, 30 September 2017

Randomness, Chance, Luck And Co-incidence??? (2)


Read? Randomness, Chance, Luck And Co-incidence???
Are randomess, chance, luck and co-incidence co-related to the Law of Large Number?

 Uncle8888 tends to believe so!

 E.g. large account size; large this and that etc.

 Uncle8888 has over the past one year picked one Indian passport; mobile phone, and several EZ link cards, student passes and coins during his roaming across large geographical areas on trains and buses.

 Just recently picked up his ex-company unknown colleague's staff pass. LOL!
























Law of Large Number at work!

 Applicable to long-term investing?

 Concentration or Diversification?

 Apply diversification first and then eventually let your outcome and performance filtered out as concentrate. May be this is the way how retail investors can win this Game of investing!


Posted by Createwealth8888 at 09:28
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1 comment:

  1. Spur30 September 2017 at 12:41:00 GMT+8

    Haha!! 👍 Good job .... I bet he belanja you to a good dinner!! :)

    ReplyDelete

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