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
Seems like all of them just buy & hold over decades. Never sell ... or maybe just small amounts.
ReplyDeleteSo must be willing to sit through -50%, -60% declines?
Another thing is that they mostly bought large dividend-paying blue chips & spread over a variety of companies to avoid company-specific risk.
Some of the US investors lucky in having very concentrated holdings & the 1 or 2 blue chips did very well over the years. Risky approach though.
I'm sure many investors also buy & hold for many decades ... but unfortunately in the wrong companies & portfolio kena decimated... But the media not interested in highlighting them.
My late FIL held quite a number of losing stocks to his grave e.g. IPC, Liang Huat
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