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.

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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

Sunday, 13 January 2019

Skin In The Game???


To have "skin in the game" is to have incurred risk (monetary or otherwise) by being involved in achieving a goal. In the phrase, "skin" is a synecdoche for the person involved, and "game" is the metaphor for actions on the field of play under discussion.
How much skin you have in the Game?

 When you failed; what is the degree of  skin burn you will suffer?

 It is 3rd degree or more skin burn when you failed that is skin in the Game!

Sometime Uncle8888 will ask questions and the replies from some investment bloggers or retail investors: " I am lazy .. blah blah"

 Of course; they can afford to be lazy depending how much skin in the Game. 

 When you know that you are going to suffer 3rd degree skin burn or more; you can still afford to be lazy? LOL!




Posted by Createwealth8888 at 09:15
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4 comments:

  1. Spur13 January 2019 at 09:58:00 GMT+8

    Often when I'm too hardworking in stocks the results end up worse than when I'm lazy, don't sweat the small stuff & don't do too much. Aiyoh! LOL!

    ReplyDelete
  2. Singapore Man of Leisure13 January 2019 at 09:58:00 GMT+8

    CW,

    There's 2 dimensions to it.


    The first is what we snake oils use to "prepare" our target flock. Must keep chanting its "easy", 5 minutes a day, no need effort one lah... Look ma! No brains needed!

    If not how to attract those who just want the 10 year series shortcut answers? Or the if others can, so can I copycats?

    Its a business model ;)


    2) The 2nd dimension is what we all very familiar with - could be false modesty or must appeat to be humble mah!

    Humbleness is akin to saying I got lucky! Surely you not going to say limpeh smarter than everyone else right? EQ remember? If not how to win friends and influence others?

    False modesty is you don't want to reveal your real secret. Remember those colleagues or classmates who secretly spent hours preparing for that project or exam, but tell you they never spend anytime on them? They were "lazy"...

    Yeah right...

    LOL!



    ReplyDelete
    Replies
    1. Createwealth888813 January 2019 at 12:14:00 GMT+8

      Those working harder like to appear to be lazy!

      Lazy is good!

      LOL!

      Delete

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