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!

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"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

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Thursday, 15 August 2019

What is actually market timing???

Often we are hearing FAs or vested interest telling us not to time the market but stay invested for long term.

 1. What is actually market timing? 

 2. What is stay invested for long term?

 Uncle8888 has been staying invested for 20 years and definitely qualified to be classified as long term investor. No meh???
Why long-term investor cannot be timing the market? Wrong meh?


Is this long-term investing and timing the market mutually exclusive?

 You believe in FAs and Vested interest selling investment products?

 You don't time the market but stay invested for long term.  

 Hmm .. they worry about redemption if you time the market???
Time the market and stay invested for long term is like this. No?






Posted by Createwealth8888 at 21:44
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3 comments:

  1. Spur17 August 2019 at 10:50:00 GMT+8

    Hi Uncle8888,

    Too many vested interests ... includes both buy & forget as well as buy, sell, buy, sell :)

    Those who earn on trading commissions will have "special whatsapp group" to tell you when to buy & when to sell. Which hot names are sure to gap up & surge, and better sell your mediocre stocks to buy this hot one first!

    Agents & FAs aiming to hit sales bonuses (or keep their jobs) will hint to sell your current old-fashioned endowment or ILP or wholelife, and buy their brand-new shiny 100% improved plans with 1,000 features. LOL!

    ReplyDelete
    Replies
    1. CreateWealth888817 August 2019 at 11:19:00 GMT+8

      Hmm .. once my FA advised to take profit on one ILP and switched to another ILP. Real happening.

      Delete
    2. Spur17 August 2019 at 17:26:00 GMT+8

      Hmm, most ILPs allow switching or re-allocation of internal funds at no cost (the build-in annual fees are more than high enough LOL!).

      If FA meant canceling/closing existing ILP and open a new one, that's churning & illegal under SF and FA Acts. Hoho!

      Delete

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