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 21 May 2019

Book : The Best Investment Writing
























Understand your own time horizon in investing






















Not good  for those who strongly believe in hardcore analysis as investors to be world class investors.

Skip this chapter!

Less analyzing. More investing - CW8888

It is fine for Uncle8888!








Uncle8888 is with this camp. Earn more and save more.

In long term investing, you account size really matters - CW8888









In nearly every case, it is more realistic scenario to spend zero hours on investing, and simply works a few more hours and achieve a much higher yield on your entire portfolio.

Only once you achieve family office levels of wealth does it make sense to be spending ANY time on your portfolio.

CW: Anyway most retail investors will disagree. LOL!


























7 comments:

  1. Investing is a Game of Money. More money. More chances. More chances. Higher rate of success of winning more than losing. Every chance; you will learn something for the next chance. More chances. More learning.

    ReplyDelete
  2. Time horizon -- part of the "ability" aspect of taking risk / investing.

    "Master of none" investing -- Buffett also agrees with this for majority, not just retail, but also pension funds, university endowments & sovereign wealth funds. No need to pay $10s of millions per year to so-called skillful portfolio managers! :)

    Hence the saying of some to keep 90% of your long term investments boring, and use 10% for exciting trading or "investment strategies" -- to cure the itchy fingers.

    Earn more & save more -- Meb Faber is an advocate for the Personal Finance Pyramid, where investing actually only forms a small top layer. The bottom 3-4 layers are more important fundamental aspects that determines more for a person's financial wellbeing e.g. type of study, earning & job aspects, skillsets, thriftiness, emergency funds, term insurance, medical insurance, cost of housing etc.

    Many bloggers have also written from personal experience, as well as analysis, that the 1st 10-15 years of active income & savings are much more important to long term wealth than trying to "master" investment performance.

    Personal finance pyramid

    ReplyDelete
  3. Thumb up to your add on. Scaling up our personal finance pyramid is good way to go about.

    ReplyDelete
  4. This is so true. Spend more time earning active income for investing. Most bloggers here boast their portfolio but actually they did not tell where in their first place their money comes from.
    Dabbling with the stocks does not help. It's more discipline of the mind.

    And discipline of the mind comes from experiences (personal, or others by reading) and cultivating over times which eventually lead to wisdom.

    ReplyDelete
    Replies
    1. Wisdom of investing. This wisdom will help us to avoid future large losses

      Delete
    2. Low return on war chest is not negative return on losing position holding. Not same

      Delete

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