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
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 13 March 2016

It happened again – Self-enhancing transmission bias


Read? It happened again – Self-enhancing transmission bias

Quote:

The good news is:  Apparently everyone shares their successes more than their failures.

The bad news is:  This Self-Enhancing Transmission Bias leads to a false perception of reality and inability to accurately assess situations.



CW8888: Well said. Good one!

Hope more hobbyist bloggers will share more reality on investing and trading. It is not like those bloggers with vested interests sharing that you follow this and that. You will get XX% annualized return.

Not that easy folks!

But, it is still okay if you treat your course fees like losing your money in ToTo or 4D.

When Uncle8888 showed these images to some of his younger colleagues who think that long-term investing is the path to financial independence. He hopes that these images will strike them hard enough. Long-term investing may NOT necessary end up with more wealth if they got it seriously wrong somewhere along their investing journey.

Look careful. What it takes to be successful but bulk of the time is NOT!


















Posted by Createwealth8888 at 12:31
Labels:

2 comments:

  1. Tacomob17 March 2016 at 22:03:00 GMT+8

    Hello CW,

    Sorry, am a bit slow and only realized now that you quoted from my post and build on it further by sharing a great chart for reality check.
    I guess not too many of us keep track of our investments/trades/net worth as diligently as you do. There is a lot to learn from it.

    ReplyDelete
    Replies
    1. Createwealth888817 March 2016 at 22:21:00 GMT+8

      The real reason behind this serious and diligently tracking of net worth or where are all my money and where to find them?

      It was a Need to do so and not a Want. Read? The Three Matters On Personal Finance: Saving, Insurance, and Investment!!! (2)

      Delete

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