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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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.

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Value Investing
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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!









7 comments:

  1. Action under fear and action without can be a vast difference.

    i definitely know the difference from how i acted in 1987/1988 and 2008/2009.

    1st one invested "Lock, stock & barrel ".

    The other still have about 40 to 50 % investing capital.

    But the $ amount invested was 3 to 4 times that of "Lock, stock & barrel". Maybe up to 5 times. So can U blame me for chickened out?

    ReplyDelete
  2. This comment has been removed by a blog administrator.

    ReplyDelete
  3. Very worry. Remove the wrong one. Apology!

    ReplyDelete
  4. No worry, accepted.

    If really nonsense then nothing to say.

    ReplyDelete

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