As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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

Tuesday, 28 February 2017

Lucky Or Unlucky When You First Get Started Investing Over Market Cycles


Read?  How Much Luck in Investing Success? My Experience in 2008/09

Hmm ... like that then Uncle8888 was unlucky to read that book Rich Dad. Poor Dad at the wrong time and triggered him to seriously started his journey to Get Out of Rat Race when STI was near its high at 2583 and then crashed down to 1198.

He was lucky or unlucky? Not sure but he did learn something very important and practically true!

Do you recall any other successful retail investors telling you this?


In investing, your account size really matters; but it takes time for you to grow your account size through saving from your earned income.


How often you hear this : Start investing when you are young and let the magic of compounding works for you!


Read? Your Account Size Really Matters! (2)



5 comments:

  1. Hi Uncle CW,
    LOL! Yah,,, during the wealth accumulation journey,,,we may face many market cycles,,up and down ,, sometimes we win and sometimes we loss ,,,but as you said ,,,, continue saving and building a bigger portfolio is rather important to make the passive income more significant ,,and of course having a more diversify income source in vital,, :-)
    Cheers !!๐Ÿ‘๐Ÿ‘๐Ÿ˜ƒ๐Ÿ˜ƒ



    ReplyDelete
  2. CW,

    It's not how we START that matters; its how we FINISH ;)

    ReplyDelete
  3. So should I sell my blue chip now?

    ReplyDelete
    Replies
    1. Why few brokers will recommend their clients to sell?

      Delete

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