As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons 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

Friday, 5 June 2020

On why sound investing principles will always work??? (2)


Read? On why sound investing principles will always work???

Real People. Real Story on DBS!

This ex-colleague who was some time also Uncle8888's lunch kaki.

During GFC 2008/2009; he was very keen to invest bigger on DBS; but in Mar 2009 he was still waiting for DBS to reach $6 before accumulating slowly!

When the market recovered he regretted big time; but; he did learn important lesson on investing!

This time in Jan 2016; when DBS went below $15; he started to accumulate slowly using his CPF fund as he has already reached 55 (Feeling rich with his bigger War Chest? How often can we beat CPF OA 2.5% with blue chip yield?)

In Investing; Your Account Size Really Matters! - CW8888

When DBS has crossed $19; he began to divest slowly. Uncle8888 last heard that he has fully divested all his DBS.

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Singapore Man of Leisure 11 February 2018 at 11:03:00 GMT+8

CW,

I am sure one day DBS will trade below $19.

I also very certain DBS will trade above $30 one day.

See? I'll be right both times - if I wait long enough ;)

Everything is just one big illusion.

What's real is the money in our pockets the day we walk out of the casino.

:)

Reply Delete
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Real People. Real Story!

Uncle8888 was so surprised to hear that this ex-colleague who was so shocked by unprecedented COVID-19 crisis that he was frozen!

He did not invest a single cent into the stock market during this COVID-19 crisis!

He didn't even buy back his DBS that was completely divested above $19!

Too greedy or too fearful?












1 comment:

  1. Hi uncle 8888

    It takes wisdom to know when to back off. We youngsters below 40s still got alot to learn.

    ReplyDelete

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