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.

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Value Investing
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Thursday, 24 December 2020

One of Jesse Livermore's MONEY-MANAGEMENT RULES that he failed to follow his own rule strictly

Turn paper profits into real money periodically. Take a percentage of your winnings and put them in a safe place, like the bank, or bonds, or an annuity. Cash was, is, and always will be king.

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Uncle8888 follows this money-management Rule even more kiasu and kiasi by transferring all winning profits and dividends to his cash reservoir as retirement income for spending. He will never lose back a single cent of his investment income ever again! LOL!















Posted by Createwealth8888 at 23:15
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3 comments:

  1. Createwealth888825 December 2020 at 00:22:00 GMT+8

    Once we cash out the entire capital out of our investment portfolio; we no longer have our own money invested in something but we still own it and it is still generating income. Infinite Returns. Shiok!

    ReplyDelete
  2. Siew Mun25 December 2020 at 09:43:00 GMT+8

    I use the dividends from shares to top up my wife's CPF

    ReplyDelete
    Replies
    1. CreateWealth888825 December 2020 at 09:47:00 GMT+8

      Good move by Locking up safely at 2.5 or 4% compounding rate.

      Delete

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