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



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
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Saturday 25 October 2014

In Investing, which comes first??? (2)


Read? In Investing, which comes first???

A) Know yourself

B) Know your wallet

In investing, which comes first?



The answer is B. Know your wallet!

 

You strongly disagree?



Show you something......















 
CW,

That's similar to how I did it ;)

If not for my increased in ACTIVE earned income, I would not have been able to save 3 times more while working overseas than in Singapore.

7 years tour of duty turned out to be equivalent of 21 years thread milling in Singapore.

Then came 2008/09 and the rest is history...

No goals, no planning.

Just the awareness to scale into the markets late 2009 onwards.

One day I realised I had "enough", and here I am!

(Try to quantify "enough". It's more a state of mind than numbers. Hence most people just move the goal posts as they never ever will reach "enough")



What we will be in the future may depend more on the decisions and actions we do (or did not do) today - than the plans and goals we wrote on a piece of paper ;)

Think less; do more.

For Taoists, its "think less; do less". But that's on another whole philosophical plane...
 



 






















Do you tend to agree now?

Still No?






You got ticket?

Can clarify during Q & A on 17 Jan 2015














6 comments:

  1. Meaning only a SIZEABLE War Chest has higher chance to work the magic.

    It is arduous task (attaining a 10-baggers) to achieve financial freedom with only $100k bullet in 2009 as compared to my current state.

    ReplyDelete
  2. CW,

    Idiot me! I should do less talking :(

    Can ask any questions during Q & A; just don't hit the face!


    Eh, it's getting no fun recently when we agree more.... My saw can't get sharpened if you don't play the role of grindstone :(

    coconut has gone AWOL, you don't forsake me now!

    Lucky still got temperament and sillyinvestor to poke me. But if they start agreeing with me, shit!

    That means I've gone mainstream...

    Yuks!

    ReplyDelete
    Replies
    1. Fisherman does what is naturally to fisherman.

      We can't fight Big Fish by pulling back tight. It will break the line then no more fun!

      We give them a good fight by pulling it and letting it go to continue the fight by not breaking the line.

      :-)


      Delete
  3. temperament,

    My treadmill journey started at 16 and "ended" at 44 - it took 28 years including the 2 years of NS.

    First index 100 full time pay was $450 per month with Metro, (I think most graduates in 1984 were earning $800-$1000 starting pay per month)

    I only found stardust during the last 7 years of my career.

    The first 21 years were spent sharpening my saw while waiting for opportunity to appear ;)

    Isn't it the same with investing and trading?

    How many are willing to put in their first 10,000 hours or 10,0000 trades to hone our craft?


    This sneaky CW tried to take away my "true grit" to make it look as though I am born with a golden spoon in my mouth.

    I think I got "snookered" by him!

    ReplyDelete

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