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

Tuesday, 12 December 2017

8 Wise Lessons On Wealth That Singapore's Self-Made Tycoon Peter Lim Can Teach Us


Read? 8 Wise Lessons On Wealth That Singapore's Self-Made Tycoon Peter Lim Can Teach Us


2. Accept the good and bad with equanimity

 “When you are holding stocks, if it goes up, don’t be too happy; when it goes down, don’t be too sad. Otherwise, how? Your life will also be fluctuating and you’ll die of a heart attack. If you really lose sleep over it, maybe the best way is to keep the money in the bank.” (Source: Weekender)
CW8888: But; this is how to counter retail traders who love to poke retail investors on paper losses. Right?
No lah!

 ONLY when one doesn't depend on partial asset draw-down to partly fund one's living expeneses; one may have to worry too much over paper losses if each of these paper losses is limited or cap at X% of their investing capital.

 Without any substantial losses; a few zero beggers won't kill!

 Don't concentrate your losses!





Posted by Createwealth8888 at 08:16
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1 comment:

  1. Singapore Man of Leisure12 December 2017 at 11:12:00 GMT+8

    CW,

    This is how throw brick to attract jade works ;)

    You don't disappoint.


    Let's see how many of your readers get it!


    ReplyDelete

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