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!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

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



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Value Investing
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Saturday, 31 October 2020

Create Wealth From Long-term Investing and Short-term Trading

 

hyom 31 October 2020 at 10:29:00 GMT+8

Createwealth8888,

Indeed! Got to live up to your blog's name.

With your wealth of experience in both long-term investing and short-term trading, which one do you think is more profitable?

Delete

Why this blog was named as Create Wealth From Long-term Investing and Short-term Trading?

Sunday, 19 November 2006

Read? The journal begins ...

Uncle8888 started this journey to pursue FI and get out of rat race from Jan 2000 after reading this book Rich Dad. Poor Dad and very determined to get out of Rat Race and achieve FI by age 55 in 2011.

Read?Your Investment Portfolio is your Accelerator on the Road to Financial Independence!

This blog was started end of 2006 and STI Bull was charging towards Bull Peak in Oct 2007!

From 2003 onwards; Uncle8888 was investing and active contra trading genius! When he has enough working capital on hand he could consider to hold for long/wrong term! Otherwise; LL he had to take profits or cut losses! That is short-term trading. Right?

In Nov 2006 .. 

Uncle8888's Mind is full of confidence that long-term investing for Panadols and short-term trading for kopi, lunches, dinners and even overseas travel expenses can be paid by Mr Market!

Both long-term investing and short-term trading were working together!

Create wealth through long-term investing and short-trading trading! Steady!

Read? Chasing the last $100K (last mile) and may fall hard!


What if Uncle8888 started blogging in 2009 and applied his lesson learnt from Oct 2007 to Mar 2009 to blogging his investing experience?

What would be his blog title?

Can't be Create wealth through long-term investing and short-term trading!

May be Trading suck! Investing also suck! Wealth in the stock market is nothing but an illusion!

















In 2018, Uncle8888 has learnt two lessons i.e. one in GFC 2008/2009 Bear and market recovery from the last GFC Bear in 2018 when his investment portfolio hit a new record high but this time sitting on record cash holding rotting as War Chest!

Long-term investing for Pandols which are transforming into Golden Eggs is more profitable and the best medicine for the Investing Mind! Once the Investing mind is calm; he can sleep well and can then have some fun in short-term trading on core positions for kopi, lunches or dinners after watching DOW overnight and planning for the next few days actions in STI! LOL!

















Now, he should add secondary title to his blog . How about Sustainable long-term investing and short-term trading for retirement income for life? LOL!

Posted by Createwealth8888 at 15:14
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2 comments:

  1. hyom1 November 2020 at 12:17:00 GMT+8

    Hi CW8888,

    Thank you very much for taking the time to write a blog post in response to my comment.

    Since you were an active contra trading genius from 2003 to, I guess, 2007 peak, that means you're a good short-term trader!

    Active trading, when done right, will reduce drawdown and sometimes, even boost returns. The disadvantage with active trading is that it takes a lot of time and may cause one to neglect his career. This makes more sense if the person's human capital lies in trading but not worth it if he is enjoying a high-paying job with strong growth prospects.

    Long-term investing is the way to go for most people. Stocks have a built-in bias to go up. Not always but over time, this is the case unless there is anti-capitalist politics. Investors in passive stock indices can enjoy stock profits without needing to put in much time, thanks to the built-in upward bias. Trading requires more time/effort.

    ReplyDelete
    Replies
    1. CreateWealth88881 November 2020 at 12:24:00 GMT+8

      Mr Market can make us feel like Genius, Fool or Average Joe in the market. Thinking we are Genius is most dangerous. When we finally realized we are Fools, we may quit the Game and Average Joe is likely to stay long term.

      Delete

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