We may have just two to four opportunities in our lifetime of long term investing to create wealth from the stock market.
Uncle8888 has managed to create some passive income (Money Trees) from 2001 to 2003; BUT NONE from the biggest opportunity in the stock market in last GFC 2008/2009.
His biggest mistake so far!
Instead of investing for Money Trees; he was caught busy cutting losses and switching horses to stay calm and raising cold hard cash to sleep better.
It is not the best way to create wealth in rare window of opportunity presented by Mr. Market by trying to stay calm and raising more cash to meet liquidity needs. Dumb! Really dumb!
Do you see his reason in retaining his larger War Chest?
His Investing Goals is for ten years!
Another 6 years to go......