As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

Welcome to Ministry of Wealth!

This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

Think Investing as Tug of War - Read more? Click and scroll down



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 31 January 2015

No intention of retiring so less bother with retirement planning???



Real people. Real thing happening!


Uncle8888 was poking this colleague who is 54 this year on his investment portfolio. 

No. Nothing out of him as he is not keen in investing; but he does have few old stock holding from the early days. He didn't like to talk further on investing. Guess why?

Uncle8888 asked him where will be his source of passive income if he retired.

He said has no intention of retiring. He can easily find another job to survive. Why not? Or in the worst case, he can just sell his HDB flat. 

BTW, he is single. 

Just guessing. May be why leave too much money behind??? Hmm ......











9 comments:

  1. Low needs. Low wants. Why the needs to make more money to survive?

    ReplyDelete
  2. Hello CW,

    Looks like your colleague is happy with his job and isn't keen to pursue any other interest in his free time.

    ReplyDelete
    Replies
    1. He is indeed a simple man with low needs and wants. He seldom goes for overseas holidays. He spent most of his annual leaves do boat fishing.

      Delete
  3. Hello CW,

    Looks like your colleague is happy with his job and isn't keen to pursue any other interest in his free time.

    ReplyDelete
  4. There are many people I know who don't invest at all. Afraid to lose money in stocks

    ReplyDelete
  5. Cw8888 : I guess his focus is more of enjoying what he like in life than amassing countless stash of cold hard cash in the safe or bank ;-)

    ReplyDelete
  6. Problem is when something happens and he can't work anymore.

    ReplyDelete
  7. Problem is when something happens and he can't work anymore.

    ReplyDelete
    Replies
    1. The real problems is even if you are multi-millionaire, so what? The person or people who look after you when you are wheelchair bound or bed bound or dementia, whether they have the heart and mentality of a genuine caregiver or not is the most important factor. For goodness sake don't think your money can 'save' you. No it may bring you more sorrows!
      The worst case is because of your wealth, it attracts many false caregivers.
      Shalom.

      Delete

Related Posts with Thumbnails