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

Monday 1 April 2019

Something Behind Our Luck Factor And Chance In Randomness Environment Where We Have No Control (2)


Read? Something Behind Our Luck Factor And Chance In Randomness Environment Where We Have No Control


What is that something behind our luck factor and chance in the world of randomness where we have no control over the events happening?

Need statistician to comment?

We often hear and say it ourselves. 

Oh you are lucky!

Yeah I am lucky!

So what is behind this Luck factor?

Hmm ... after last two years of roaming across the island of Singapore and becoming top public transport user identified by LTA. He now thinks that is the Law of Large Number behind our luck factor!


This may be applicable to long-term investing too.

Law of Large Number for multi-baggers?

From 1 Jan to 31 Mar 2019; the number of coins pick up across large geographical areas is 38 over last quarter.



5 cents is 5% yield on $1 capital injection into the stock market. LOL!











































1 comment:

  1. LLN also means one needs to have long holding power to achieve the expected results of a complex system. ;)

    For a short term participation, the results can be either very good or very bad.

    For investing, means we need to have 3Ms to ensure we can last long enough to reap the rewards. :)

    ReplyDelete

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