My Retirement Plan At 35

(20-07-2012, 11:33 AM)flinger Wrote: Why do you need to avoid the bear? Why not ride thru the bear?

Especially if you are a long term investor who is investing based on fundamentals.

Is there something I don't understand?

I tot value investor should welcome the bear, feed the bear but avoid the crazy bull.

(20-07-2012, 12:26 PM)Bibi Wrote:

(20-07-2012, 11:33 AM)flinger Wrote: Why do you need to avoid the bear? Why not ride thru the bear?

Especially if you are a long term investor who is investing based on fundamentals.

Is there something I don't understand?

I tot value investor should welcome the bear, feed the bear but avoid the crazy bull.

Ha! Ha!
This is someone after living through Bear's territories speaking. How many times have you passed through?

(20-07-2012, 01:27 PM)Temperament Wrote: Ha! Ha!
This is someone after living through Bear's territories speaking. How many times have you passed through?

For me, when the bear comes, i try to hide myself under the intelligent investor, i feel better after reading it and tend not to make any stupid selling

Ha! Ha!
Bear market is for you to shop for fire-sale items. Who's talking about selling? Not WB; neither the late Sir John Templeton and many Great SIFUs. It should be Buy, Buy, Buy, until fear got into your psyche. Or the best is you run out of investable fund.

(18-07-2012, 07:29 PM)funman168 Wrote: Hi,
Actually it is quite simple. My previous IT job was paying me abt $100k pa, but it demands alot of my time & energy to an extend where I hv no time to spent $. I end up saving abt 80% of my income. I was also fortunate to catch a few multi-bagger & avoid all the major corrections.
Think most probably I will go back to IT line as I kinda miss the challengers, but I must say that it really does not pay well considering the time & effort I had to put in.
In fact, I find investing much easier, haha

how many years were u working under that 100k paycheck before u went into retirement may i ask?

(20-07-2012, 06:07 PM)Temperament Wrote: Ha! Ha!
Bear market is for you to shop for fire-sale items. Who's talking about selling? Not WB; neither the late Sir John Templeton and many Great SIFUs. It should be Buy, Buy, Buy, until fear got into your psyche. Or the best is you run out of investable fund.

One can shop for fire-sale items during bear market. But at the same time, your originally invested capital will also take a dive. Preservation of capital in a bear market is something I still don't know how best to handle it

I only enjoy the $100k pa pay for abt 2 yrs only, haha.
Actually, I only start to seriously invest & accumulate wealth after 30 yrs old.
I used to spurge all my winnings & income on sports car, holidaying & partying.

Having high pay does nt default meant that u will be rich.
If u gd in investment, ur nett worth can easily outbeat ur richer high income friends after sm years.

(21-07-2012, 12:43 AM)pianist Wrote:

(18-07-2012, 07:29 PM)funman168 Wrote: Hi,
Actually it is quite simple. My previous IT job was paying me abt $100k pa, but it demands alot of my time & energy to an extend where I hv no time to spent $. I end up saving abt 80% of my income. I was also fortunate to catch a few multi-bagger & avoid all the major corrections.
Think most probably I will go back to IT line as I kinda miss the challengers, but I must say that it really does not pay well considering the time & effort I had to put in.
In fact, I find investing much easier, haha

how many years were u working under that 100k paycheck before u went into retirement may i ask?

(21-07-2012, 01:52 AM)funman168 Wrote: I only enjoy the $100k pa pay for abt 2 yrs only, haha.
Actually, I only start to seriously invest & accumulate wealth after 30 yrs old.
I used to spurge all my winnings & income on sports car, holidaying & partying.
Having high pay does nt default meant that u will be rich.
If u gd in investment, ur nett worth can easily outbeat ur richer high income friends after sm years.

hi funman thanks for sharing. i have realli learnt quite a bit. just for wondering if the 100k pa check include all in bonus/entitilements, and does it take a toll on the health? during the retirement, where did u go for holidaying? and for the 'auto-pilot cruise' period after taking off(buy) and before landing(sell), what are the notable company fundamentals that triggered your decision? i recently entered into territory of paycheck in comfortable excess of 100k as well..a bit scared actually..because high pay = no time + stress + no smiling face ;p

(20-07-2012, 01:51 AM)Temperament Wrote:

(20-07-2012, 01:05 AM)momoeagle Wrote: I avoided the CLOB saga and all the bears!

** I started investing only at end 2008 **

Ha! Ha!
Congratulation! i was exactly the same like you when i first started to invest. ; i avoided all the bears too and even the CLOB saga; (because somehow i only invested in Singapore shares. Until today i only have Singapore and a little US shares.

NB:
i started to invest in 1987 after the "Black Monday". So don't you think i can say similarly or in fact exactly like you: " I avoided the CLOB saga and all the bears!", at that time? Ha! Ha! The CLOB saga was special for me because i only invested in SGX. (Thank God).
But i predict, no i guarantee you will be snared by the Big Bad Bear one fine day. It's a matter of time if you are always in the market somehow. Someone tell me once you are in the market for long-term investment, it's very hard to come out of the market completely. i find out it is quite true. Maybe you are different. You can know how and when to come out of the market completely.
But i don't think so.

Don't think I will come out completely.
I will embrace the bear and eat some bear paws.

I think funman168 was one of the guys who spotted yoma before the whole myanmar crazy thing went off. I must have guessed that transaction alone brought him quite some wealth.