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

Sunday, 11 August 2019

Book : How to Make a Million Slowly: My Guiding Principles from a Lifetime of Successful Investing (Financial Times Series) - Refresh!


Read? Book : How to Make a Million Slowly: My Guiding Principles from a Lifetime of Successful Investing (Financial Times Series)

Read? 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

Remember Rule 12




4 comments:

  1. CW,

    For readers too lazy to click the backlinks to see the full context, I better put point 11 here:

    "Face up yto poor decisions. Apply a 20% stop-loss - sell and move on. However, ignore stop-loss if there is a major market overall fall."



    Remember rule 12 without applying rule 11 is just cherry-picking ;)

    Especially when STI is now not in a major market overall fall, but yet holding on to counters with more than -20% losses and using rule 12 to ownself lie to ownself...


    There is a reason rule 11 is on top of rule 12. Wink.

    ReplyDelete
  2. CW,

    You don't follow rule 11, do you?

    ReplyDelete
    Replies
    1. No stop losses, but it doesn't mean no restructuring to raise capital to switch horses when it is time to do so.

      It is like failing companies restructuring to survive on new hope.

      Delete

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