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.

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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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Value Investing
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Sunday, 11 August 2019

As Retail Investor; The Only Reason Why We Need To Pick As Many Stocks As Our Account Size Permits Across Market Cycles Of Bulls And Bears


Real retail. Real outcome. Real DIY. Real losses!

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.


Read more on Peter Lynch? http://createwealth8888.blogspot.com/search?q=peter+lynch


20 years as retail in SGX getting his hands dirty on the ground!













7 comments:

  1. We need to train our abilities to recognise those flowers and keep them and kill those weeds to recycle our capital.

    ReplyDelete
    Replies
    1. While pulling out those supposed looking like weeds, sometime we may mistaken flowers as weeds. Aiyoh. Sianz!

      Delete
  2. While looking at those that looks like flowering buds rather than weeds, yet who can tell the flowers will be pollinated?

    So it is fear that also we may missed many a golden goose.

    i do countless times.

    ReplyDelete
    Replies
    1. It is long period of self training to grow that pair of eyes to see flowering buds

      Delete
    2. Yes, a fruit bearing flowering bud may be spotted yet still hesitated about where are the the bees?

      If only dare to take the chance first.

      Have missed many fruits of flowering trees or plants because of worrying about the bees.

      It is really no venture, no gain in life.

      Delete

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