Uncle8888 doesn't fight Mr Market with both arms. He is one arm swordsman. Why need leveraged instrument in margin trading for shorting or leverage up for higher yield on own investing capital e.g. assets pledging to open overdraft trading with brokers. He doesn't have to polish his trading Craft for better Entries and Exits. He is Panda or Koala in the stock market; but his food is still not extinct yet! Knowing enough! Money is enough! Capital is enough! Risk is enough! Parroting Buffet .... it is insane to risk what you have and need in order to obtain what you don’t need.” Uncle8888 is already practicing it years ahead of his 2018 annual letter. :-) We take calculated risks and leverages to meet our objectives, wants or needs. It is like that! Right? Risk and Leverage are subjective. Knowing enough!
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.