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!)

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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.