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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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
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Thursday 7 February 2008

Book: A Complete Guide to Technical Tading Tactics by John L. Pearson

A great lesson that I have repeatedly failed to learn and re-learn as written by John as follows:

For those who do experience trading success, take money out of your trading account! Diversify your trading profits. One great analysis and trader, Fibonacci expert Joe Dinapolis, told me before going on the radio show that he likes to buy selected properties in real estatw, whether it is in Bangkok, Massachusetts, or Florida.

I have heard many a trader start out with $5,000 or $10,000, make a large sum trading a particular market move, and decide to just build their account. Quite frankly, I really do not remember any of those people acheiving that goal. I have seen traders give most, if not all and more, back to the markets. One reason is they become overconfident. They think, "If I can take $5,0000 to $30,000, maybe I can take $30,000 to $1 million!". Greed sets in, they trade larger positions, take on more risk, and forgot what got them their initial profits. If you are a one-lot or two-lot size trader, then take money out of the market on a consistent basis and reinvest elsewhere. Wealth creation is the goal, and diversification is the key to success in life.

Some Trading Thoughts

You only have three choices when you are in bad position, and it is not hard to figure out what to do: (1) Get out, (2) double up, or (3) spread it off. I have always found getting out to be the best of all three choices


No opinion on the market or you are doubtful about market direction? Then stay out. Remeber, when in doubt, stay out.


My reflection:

Last year, I have great success in doing choice (2) double up when in bad position as had done well when market recovered quickly. Last month, this choice has failed terribly, and wipe off most of the past year profit. The reason is overconfidence, and Greed sets in, I trade larger positions, take on more risk, and forgot what got my initial profits.

My great mistake is : Not knowing your market!. The market condition that causes the market fall is very different this time and Fed rate cut has lost its magical power and market could not recover.

I will re-learn these lessons:

1) Control risks
2) Put away some money


and move on. Cheers!

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