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 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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