In RETAIL investing; where we ALONE and OURSELVES are fully responsible for our own money but there will be full of CONVENTIONAL market wisdom folks offering their free advice thinking they are "smarter" in their portfolio and management without proving their strategy is so superior.
Conventional market wisdom : Cut loss to preserve capital to fight again!
Conventional market wisdom will generally work well for the mass.
What if we are not those who are on this path of conventional market wisdom? Doom? Die?
Uncle8888 made Hay while Sun shines and avoid having to pull out any Winter weeds. He has plenty of Hays to survive long and harsh; why he needs to worry over those smaller Weeds that won't kill him?
He doesn't need to eat Water Melon into the Green as he can afford to waste some juicy Red without feeling much pain.
In investing; it is all about 3Ms- method, MIND, and MONEY MANAGEMENT.
Money management is NOT just about CUT LOSSES. It is more than those conventional thinking.
I am 60+ yrs old uncle living in HDB heartland who has retired @ 60 on 30 Sep 2016.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 and now becoming full-time retail investor. So I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I have two sons and one daughter; two working adult children and the youngest son is currently in his 1st year SUTD.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038
Last updated: 16 Oct 2016
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