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.

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

Tuesday 19 February 2019

How To Be Good And Great Investors???


Read? Short money rules

If we strongly believe the truth of the combination :

3. Good investing is 50% psychology, 48% history, 2% finance.

AND

Superior investors are people who have a better sense for what tickets are in the bowl, and thus for whether it’s worth participating in the lottery. In other words, while superior investors — like everyone else — don’t know exactly what the future holds, they do have an above-average understanding of future tendencies.”

– Howard Marks, Mastering the Market Cycle


Good investing is 48% history and above-average understanding of future tendencies.

Is that simply mean we should be waiting most of the time for market cycles to turn into opportunities to deploy larger war chest?



















4 Great investing is 40% skill, 20% luck, 40% inability to tell which is which.


You should already have that 40% skill if you are good investor!

What you need is that 20% luck!


For those JUST started investing near market low of that market cycle; should we say that they are lucky i.e. 20% luck!

But; for those are already in the market across market cycles; then how to get lucky as those in the future who have JUST started investing near market low at the next market cycle?


Think hard!

How to get lucky and make luck with your own hand?

You know how?









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