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.
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