Bear market is scary only when the Bear hits us hard! Damn hard!
How did Uncle8888 feel during past Bears?
1987 : Where got lots of spare money to put into stock market?
Most of his past saving gone into HDB, renovation, wedding and honey moon; but not to the Bear.
Me no pain felt!
Other people pain.
1998 : Not much money in the stock market
Children ate money. Not Bear!
But, this time he personally witnessed the great pain and suffering of financial losses by close relatives in CLOB Saga. One of them was near bankruptcy due to share financing scheme provided by Finance companies.
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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