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

Friday 13 September 2019

Can You Afford To Be Greedy When Others Are Fearful?

Read? Sometimes, it's wise to be fearful when others are fearful

Uncle8888 has went through a few market cycles in the last 20 years. He understands the truth behind "Warren Buffett's be greedy when others are fearful"

The truth is ...

Can you afford to be greedy when others are fearful?

Past three market crashes : 

1. Sep 11 2001 WTC Attack, 

2. SARS 2003 

3. GFC 2008/2009

For the first two market crashes; Uncle8888 didn't feel that fearful. 

But, for GFC 2008/2009, it was bloody different!

It was when Greedy --> Fearful --> Panic 

Read? Market Cycles of What???

Why he felt so fearful and then panic by end Nov 2008?

When he realized he couldn't afford to be greedy; so he became so fearful! Simple mind flip! LOL!

1. Fear of losing his job!

2. In 2008, when every other day, he read bad news and prediction of Great Depression 2.0 coming. It could last more 10 years! His thought of Ah Boi and Ah Ger going to university in August 2009 getting him more worries.  Where is the money? 

But, this time is different!

For the next market crash; he believe he can afford to be greedy.

1. No more fear of losing his job as he is retrenchment proof now!

2. No more financial burden of supporting his children university education.

3. His war chest is rotting so badly!


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