Read? Time in the Market > Timing the Market??? (2)
Read? Timing the market is mission impossible
Uncle8888 has probably read hundreds of such articles debating on Timing the Market vs Time in the Market and up to this morning reading another article to add 1 to this topic.
He still doesn't quite understand the merit of the debate and should we follow diligently the winning side - Time in the Market or Timing the Market or practicing both by following our own emotional greed and fear indicator.
More Panadols to ease heartache or more Cash is Handsome King?
Interestingly, after 21 yrs since Jan 2000 he started seriously DIY creating wealth from the stock market through short-term trading and long-term investing after reading this book -.Rich Dad Poor Dad in Dec 1999 and believing that investing in stock market is the only way to go and knowing well that he didn't have that entrepreneurship blood flowing through his brain!
Jan 2000 vs Sep 2020
1. Market
STI : 2,583 vs 2,509
2. Capital
100% of own capital taken back as Cash is King and 15% more as Cash is Handsome King.
3. Wealth
0% vs 39% richer through illusion of wealth in the stock market
4. "Passive" Income
0% vs 21%
Conclusion as this morning
Passed : Invest to grow money; but Failed : Invest to become Rich!
Posts
CW,
ReplyDeleteWhen we started out, we are like a piece of blank paper - a bei kambing.
What people say, we absorb like ink to paper.
Some can even parrot what others say without really understanding or verifying for themselves first.
Monkey see; monkey do.
With the wisdom of crash got sound, real people real experience over the years, we have become "veterans" ourselves.
We let our own track record tell us whether timing the market or time in the market works better for us ;)
That's why when we buy shoes, we buy what suits our feet best ;)
We know how uncomfortable and painful it is when they don't!