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!

Currently; it about 54% to destination!

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, 7 June 2020

Response to questions on "journey in Investing to create Retirement Income for Life till 85 years old in 2041...".

Hi Jacob

I saw your post in Feedspot recently.  You commented that since Apr 2013, you have embarked on a "journey in Investing to create Retirement Income for Life till 85 years old in 2041...".

I am planning to embark on a similar journey as yours and I would appreciate it if you could share your story with me:

1) Are your investments mainly in Equities?

Yes. Only in local SGX's equities as Uncle8888 is Panda/Koala retail investor and still not extinct and also not in Mandai Zoo yet.

9. Your fortune will come from your focus - focus on one market or one technique. (Uncle8888 still believe in this rule)

A jack of all trades will never become a winning tradee. Why? Because a trader must zero in on the markets, paying attention to the details of trading without allowing his emotions to intervene.

A moment of distraction is costly in this business. Lack of attention may mean you don't take the trade you should, or neglect a trade that leads to great cost.

Focus, to me, means not only focusing on the task at hand but also narrowing your scope of trading to either one or two markets or to the specific approach of a trading technique.

Have you ever tried juggling? It's pretty hard to learn to keep three balls in the area at one time. Most people can learn to watch those 'details' after about 3 hours or practice. Add one ball, one more detail to the mess, and few, very few, people can make it as a juggler. It's precisely that difficult to keep your eyes on just one more 'chunk' of data.

Looks at the great athletes - they focus on one sport. Artists work on one primary business, musicians don't sing country western and Opera and become stars. The better your focus, in whatever you do, the greater your success will become.

Read?Larry Williams rules

Look at right panel of this blog and scroll down. Major blog posts since 2006 are categorized into assorted topics of interests.

2) If yes, what have been your stock picks and have you been making good profits from them?

Read? Performance

3) Will you be sticking to your investment strategies given the current COVID-19 pandemic?​

3M's in investing - Method, Mind, and Money Management

Read? Performance War room

Individual stock transaction history is found under those labels right at the bottom of this Blog under "stock - XXX"

I look forward to your sharing.

1 comment:

  1. Hi CW8888,

    i second U, because i also believe and practize the same - SGX only. for 33 years.

    And i also have said more than once i am like "Öne Arm Sword Man" make famous by Wang Yi the actor of that time. Long only, no margin, no anything.

    USA market is quite unusual for me because i stumble into it by putting my 73 units of HP company ex-employee's share into "DRIP" for donkeys years. i think since 1985 or slightly earlier

    i leave US market alone for donkey years but then my 73 HP shares has spin off into another 6 companies. Worth now $46,197 US dollars.
    At it's peak b4 Covid 19 was $55,000 US dollars.

    Due to my age i open a joint account with my wife at "Ämeritrade Singapore".
    But just collected dividends so far.

    So it is not bad for me, a person who someone may call, "Look Ma No Brain Investing" - LOL!


Related Posts with Thumbnails