As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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

Monday, 18 March 2019

My Life Journey So Far At One Quick Glance On Mar 2019



My Family 






























My Human Asset : Self and career development and dead wood!


























My path to pursue financial independence and having option to retire @ 60 from full-time job as employee

































My current Net Worth as presented in Three Taps Model solution model. It covers basic retirement planning issues on liquidity, longevity and legacy.

Liquidity : Two years cash reserve in bank for 2019/2020

Longevity : Tap 1 and Tap 2 which are non market volatile fixed assets.

Legacy : Tap 3 which is investment portfolio which is very volatile across future market cycles. 



















My current cash flow to fund annual household expenses







Is money enough?



























STI since the day I have started serious learning and investing on Jan 2000 to pursue financial independence through short-term trading and long-term investing.

Alamak!

Started investing at the peak of Dotcom Bubble. Wrong market timing!

More capital into the market. More paper losses. Dividends are just Panadols!
























My Investment portfolio performance across market cycles since Jan 2000















Any paper gains are an illusion of wealth in the market; but any paper losses can be real losses!

Paper losses become real losses when your losing stocks are suspended, bankrupted and de-listed. You lost 100% of your invested capital. In the other case; your losing stocks are taken private and de-listed; your paper losses become realized losses!

Beware!

Your money management skill through market cycles is the one that can save you from wealth destruction and chop fingers!

So far since Jan 2000, I have three zero baggers which lost 100% of invested capital! 

Why? No stop loss!


Top winners to top losers






















Lynch provides insight on how to achieve exceptional results

In an interview he gave to PBS, Peter Lynch discussed what is needed to achieve a track record similar to his. Even though the answer seems simple on the surface, it has many insights that are worth commenting on.

Q: Was that your secret?

A: Well, I think the secret is, if you have a lot of stocks, some will do mediocre, some will do OK, and if one or 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% to 30%, and they get rid of it, and they hold on to 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. I mean stocks are out there. When I ran Magellan, I wrote a book. I think I listed over 100 stocks that went up over tenfold when I ran Magellan, and I owned thousands of stocks. I owned none of these stocks. I missed every one of these stocks that went up over tenfold. I didn't own a share of them. And I still managed to do well with Magellan. So there's lots of stocks out there and all you need is a few of 'em. So that's been my philosophy. You have to let the big ones make up for your mistakes.

All you need for a lifetime of successful investing is a few big winners, and the pluses from those will overwhelm the minuses from the stocks that don’t work out. - Peter Lynch

No of winning stock pick : 30

No of losing stock pick     : 26

Winners/ Losers ratio = 30 / 26 = 1.2

Such lousy stock picker! How come didn't lose money?

Total Winning $ / Total Losing $ ratio = 2.1











10 comments:

  1. CW,

    Here's to your continued good health!

    All the zeros in CPF or accolades in life meaningless if you go sell salted eggs too early :(


    Eh? You also one of us "bo tak cheh" before NS?

    Ah! The continuous education upgrader you! The path you took is longer, but hey! When you become a graduate, you become a graduate. Respect!


    Ah! Now it becomes crystal why you didn't choose the 2 bites of the cherry to private property path in your 40s.

    When faced with an uncertain tomorrow, I wouldn't want to tie myself down with a 20 year bank mortgage too...

    Especially when you need the funds to start your investment journey after your Mind Flip.


    An interesting summary of your life where things don't always go according to your goals and plans, but you still reach where you are today :)

    When one door closes, another door opens indeed!


    Peace be with you qian bei!



    ReplyDelete
  2. Hi Uncle CW,
    Thannks for all your posts. Your posts are always direct to the point and simple to understand. I really learn a lot by reading your blogs.

    May GOD bless you with good health.

    ReplyDelete
  3. Whoa Uncle8888,

    Just add your infographics showing the highs & lows of your portfolio and STI levels, and you can have 1 page summary of your blog liao kekeke!

    40+ years of sweat and wisdom via school of hard knocks! Respect!

    ReplyDelete
  4. i always think if U have better resources like us, DINK, ND, in the beginning of first going into stock market, U would have done so much better than us.

    Respect for bringing up a family of four and yet able to do well in the stock market.

    i don't think I can do it.
    Shalom.

    ReplyDelete
  5. Hi bro cw

    This is very good guideline for me as beginner, appreciates ur effor to put up this in 1 page blog... 感恩 _/\_
    wish u good health always!!

    Cheers :)

    ReplyDelete

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