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 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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