As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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, 6 December 2020

Rich As I Say, Not As I Do

 Read? Rich As I Say, Not As I Do

LOL!

Many of them have gotten wealthy by selling advice to others rather than by using their own advice.  It is a rich irony (pun intended) that the people telling you how to build wealth did not, in fact, build their wealth in that same way.  This doesn’t imply that their financial advice isn’t useful, only that we don’t know if it’s useful. 

Why?  Because personal finance is one of the few industries where you can look successful without knowing what you are talking about.  You can be rich and not know a thing about money management.  However, this isn’t true in most other areas of life. 

For example, find me a bodybuilder who doesn’t work out or a world-class musician who has never practiced.  That’s right.  They don’t exist.

-------------------------------------------------

Here in Singapore. Same. Same!

SMOL: Trust But Verify??? (2)

Seriously How To Avoid Being Fooled By These Scams, "Gurus" or Trainers

Made 10,000 People Millionaires??? (2)

Till His Death Still No Answer From Him???

No selling free investment webinar













2 comments:

  1. A well-known stand-up example in the investment world was John "Jack" Bogle. He practised what he preached. To the point that he probably gave up what could easily have been 10X more wealth had he been more business-like & gone down the path of the likes of Blackrock, Fidelity, and Goldman.

    ReplyDelete
    Replies
    1. Based on the value created to investors by the index funds pioneered by John Bogle, he certainly deserves to be a billionaire (but he isn't) when one compares his achievements to hedge fund billionaires who under-performed their benchmark indices and yet charges higher fees.

      Jack Bogle is still rich by normal standards. What he lags in terms of wealth, he wins by far in terms of respect.

      Delete

Related Posts with Thumbnails