When we are no longer young; but old enough to be near retirement or semi-retirement phase.
We will face the two greatest financial fears in our life:
1. Inflation on our life expenses 2. Permanent Loss of Capital due to forced selling during market low to meet liquidity needs for life expenses
As retirees without the capability of injecting new capital, we must never lose our investing capital during market low. Once we locked in permanent loss of capital, it will become extremely difficult to recover without new capital.
That is why. SMOL: It’s good to be young and feeling invincible! Treasure this moment. We are only young once
Uncle8888 doesn't feel good but feel weak!
Nowadays, he looks way beyond emergency fund as he is kiasu and kiasi! A typical Singaporean Uncle. Bo Pian!
See Uncle8888's model of Way beyond Emergency Fund:
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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