As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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, 24 February 2018

How to become rich in stocks??? (31)

Read? How to become rich in stocks??? (29)

Peter Lynch:

You don't need a lot in your lifetime. You only need a few good stocks in your lifetime. I mean how many times do you need a stock to go up ten-fold to make a lot of money? Not a lot.

I think the secret is if you have a lot of stocks, 

some will do mediocre, 
some will do okay, and 
if one of two of 'em go up big time, 

you produce a fabulous result.  

And I think that's the promise to some people. 

Some stocks go up 20-30 percent and they get rid of it and they hold onto the dogs. And it's sort of like watering the weeds and cutting out the flowers. You want to let the winners run. 

When the fun ones get better, add to 'em, and that one winner, you basically see a few stocks in your lifetime, that's all you need. (CW8888: That few fun ones; just hoot and hoot. Rounds after rounds until game over! Pillow stocks!)


CW8888: Chun bo?

Uncle8888 is lousy stock picker!

Total stock pick : 56

No of losers : 26 or 46% 

His success rate for positive stock pick is just over 50%!

In long-term investing; it is all about 3Ms - Method, Mind and Money Management!

and yet Uncle8888 over heard in the investing forums, chat rooms or Facebook so many retails keep on debating on the best or right Method.


  1. CW,


    What you say reminded me of newbies or superficial Christians "debating" which denomination is good, better, best!?

    What's the point if we are not "Christ like" in our daily lives?

    Give chance.

    We were both like that exploring different vehicles, poisons, and time frames when we started too ;)

    Then it dawned on us the "best" Method is one that most suited for our personality and personal circumstances.

    Sell Trading fish will say eat fish the best!

    Sell Value Investing pork will say their meat is the freshest!

    Sell Passive Investing will say its absolutely no brains needed! Anyone and everyone can do it!

    Sell Vegetarian Savings will exhort investing too risky! Just dump spare cash into CPF can oredi lah! Big daddy will take care of us!

    Some discover we are omnivore - everything also can eat!

    Some discover we are vegetarian - very risk adverse.

    Some discover we picky with our food - either eat fish exclusively or pork only.

    It's more fun to banter with those who can think for themselves. That's why I don't write posts on Method ;)

    1. Method can be taught so we can learn from books, others or gurus. Talk about Method is interesting

    2. Everything can be taught except Guts and Balls?

      And what's the difference?

      Difference between Guts and Balls (Joke)
      Medical distinction between Guts and Balls

      "There is a medical distinction between Guts and Balls.
      We've all heard about people having Guts or Balls,
      But do you really know the difference between them?
      In an effort to keep you informed, here are the definitions:

      GUTS - Is arriving home late after a night out with the guys, being met by your wife with a broom, and having the Guts to ask: 'Are you still cleaning, or are you flying somewhere?"

      "BALLS - Is coming home late after a night out with the guys, smelling of perfume and beer, lipstick on your collar, slapping your wife on the butt and having the Balls to say: 'You're next, Chubby."

      I hope this clears up any confusion on the definitions.

      Medically, speaking there is No difference in the outcome. Both result in serious bodily injury or death.

      So what's the difference between a Bear & Bull?

      And what happens to your GUTS & BALLS when U meet either one?

  2. All methods can work ... provided got suitable Mind, haha!

    Right Mind needed too, for money management to be executed properly. Too often we know what we need to do ... but when the time comes, our Minds fail us ... or we fail our Minds LOL!

    Problem is that it usually requires fire & "crash got sound" to temper & hone the Mind!

    Got short cut or not?!?! Hohoho!!!

    1. Got short cut for Method for a price. Can subscribe for services or alerts


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