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.

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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.

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Value Investing
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Technical Analysis and Charting
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Saturday, 24 October 2015

Life Cycle - Some Dreams And Lots Of Regrets (2) - Count down to 60 in Sep 2016



This blog post on Saturday, 17 October 2009

Read? Life Cycle - Some Dreams And Lots Of Regrets

When we reach 60's, we usually will have nothing much to say because the time has arrived and only be thinking what if we could have dream differently at 30's, or 40's and pursue our dream and will our life story at the 60's be different.

If you are at your 30's and 40's and there is still time to fulfill your dreams and don't drop them yet.

My dream at 40's after tired of watching the Rat Race is to "Get Out of The Rat Race!". I will tell you again at the 60's.


Read? FIRE!!!

Today, 24 Oct 2015, after 6 years and counting down to 60 @ Sep 2016. Here is an update to the blog post on  Saturday, 17 October 2009

 

Uncle8888 has already informed his bosses and his Team (He is the Team Lead and Operations Manager) about his planned retirement @ 60 upon reaching the status of Senior Citizen and after receiving 40 Years Long Service Award i.e. spending 67% of his life before 60 as an employee earning taxable income.

 

FIRE is not without sacrifices or letting go the wealth accumulation from our human asset. After FIRE, we will be in the Land of Decumulation of Wealth in Human Asset and depending on our Financial Assets to maintain sustainable Retirement Income For Life. We cannot afford to make any major financial blunders as it is very hard to turn back.

Uncle8888 tracks everything so knows what have been let go after FIRE @ 60 and into the Land Of Decumulation!

(Current official retirement age is 62 and re-employment till 65.)

 


 

8 comments:

  1. CW,

    You very de good!

    Give 1 year notice :)

    Now sit back and watch the show as your team members jostle for pole position for your job!

    Let's see whether management will replace you with one of them or helicopter a team leader from outside ;)


    So next year can teach me fishing?

    I can return the favour by jio you to Chinatown OG to people watch the China mei meis ;)

    ReplyDelete
  2. in view of the aging population, 60 is the new 40.

    Hahhaa...

    ReplyDelete
  3. CW8888 : Agreed with Rolf, age is just a number, you should not stop dreaming even after 60 ;-P

    ReplyDelete
    Replies
    1. 60 is the new 40 is going to screw up many FI retail investors. :-(

      Delete
  4. Uncle CW,

    When u officially FIRe, will u change anything to your portfolio or was it already changed some years back? Please let me know

    ReplyDelete
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