When we understand where we are coming from and understand that our property is not stronger than the Economy.
Don't ever be mistaken about it!
How Ant thinks?
Ant follows plan and got formula somemore!
Wealth = Asset Value + Cash Flow
For property, it is true that your asset value will never go down to zero; but our cash flow may go down to zero when the rental market is soften and we can't find tenants.
Uncle8888's annual company off-site event is a good time to catch up with those veteran investors on their views on investment and their progress and development on retirement planning.
Currently, two veterans (old timer property investor) are unable to find tenant for their investment property. One is three months and the other one is 9 months. Their cash flow is zero now and for how long more?
For stocks; it true that single stock(s) may drop to zero; that is why Portfolio Management is a must for us to survive across market cycles so that our portfolio will drop big but never drop to zero. If our well diversified portfolio drop to zero; we will have other bigger thing to worry than our investment. Cash flow from a well-diversified stock portfolio will not drop to zero as Economy can't drop to zero. There is no free lunch in the market - stocks or property. It is like .. Read?You still want to play equities in your 80s? Rolf's comment :
I spoke to one of my ex bosses and asked why he always say stocks is a
waste of time. This is bcos for 30 yrs he only break even or earn so
little in his stock investments.
Yet, he had countless of
properties all over Sg and Msia collecting rents which I always reckon
he think property is a better investments.
In his 60s now, he
said to me this year, it's not about whether stock or property which is
better. Both are only as good as urself.
End of the day, it is
all about what suit u the best! Even for all his pragmatism and success
in work or business ventures, he was easily influenced by the swing in
stock markets. So it does not suit him.
While in property, he just feel so comfortable.
Eventually it's knowing urself and wat that suits u. It's the same as finding a partner, although this is much more tricky...
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.