I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!


Click to email CW8888 or Email ID : jacobng1@gmail.com



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

Sunday 15 November 2015

What Next After Reaching the EDGE of Financial Independence???



Read? Your Investment Portfolio is your Accelerator on the Road to Financial Independence!

What next after reaching the edge of financial independence?

Everything well done?

How about SUSTAINABLE retirement income for life planning? 


When we read about retirement planning in the public sources, social media and cyber world, many of them will mention about having an investment portfolio that provide passive income from dividends or/and rental income, adequate or comprehensive insurance coverage, some emergency fund, and other sources of fund e.g. CPF OA, SA, MR, CPF Life, annuities, etc.

BUT, when retirees or financial independence folks live long enough, will they have the necessary financial resources or strength to overcome many future years or decades of inflation?

So it is beyond financial independence or plain retirement planning; after reaching the edge of financial independence, Uncle8888 begins to realize that there are still some works to be done i.e. create SUSTAINABLE retirement income for life. The evil of future inflation is going to affect him badly. Future bad market cycles are going to hit him even harder. Since he cannot possibly escape so it is better for him to prepare and get ready to mitigate for these bad things that are going to happen.


After years of drowning in the vast domain of financial and investment, Uncle8888 has finally managed to simplify his idea or concept on wealth into one slide, one image and less than 10 minutes to explain the ideas and concept behind his Wealth Formula to help ourselves to reach the EDGE of Financial Independence.

Read? The most important chart in CW8888's blog to remember on Wealth Formula!!!



Similarly, he has taken the same approach on retirement planning.  He has been changing and refining his artwork to simplify his idea on retirement life planning into one slide, one image and less than 10 minutes to explain the ideas and concept behind his SUSTAINABLE retirement income for life beyond the EDGE of Financial Independence.

We should always remember bad things across future market cycles will eventually hit us directly at our investment portfolio. Our future passive income will NOT be sustainable after that many years or decades of inflation, we will need more than just our investment portfolio to maintain sustainable retirement income for life.  We may need to take our retirement planning one step above or higher to include sustainability. 

What is the best way can we make it sustainable for life?

One slide, one image and less than 10 minutes to explain it. 

CW8888's Three Taps Solution to Sustainable Retirement Income For Life ....

TAP 1: Interests from non-market volatile assets as cash flow and additional cash flow to offset future years or decades of inflation for household living expenses when it becomes absolutely necessary will be from asset draw-down till 2038 (Age 81+).

TAP 2: Self-insured medical and health care funding from CPF SA, RA, MA, and $XXk emergency cash on top of Medi-Shield Life.
 
TAP 3: Investment Portfolio of local stocks from SGX to generate cash flow from dividends and trading gains.


Last Resort: Where everything else failed, the value of his home will be the asset of last resort!




 




 

7 comments:

  1. Uncle, I been thinking of doubling my wealth during my retirement. Possible?

    ReplyDelete
  2. possible when we can time the market. buy near low and sell near high.

    ReplyDelete
  3. A smile flashed across my face as I sip my morning coffee.

    I really know why ;)

    ReplyDelete
  4. temperament,

    I meant I really know why I smiled reading your comment about grasshoppers and ants ;)

    As for why you told that story and the moral of it all, if you don't know yourself, why would I care?

    Wink.

    I am responsible for my own thoughts and actions :)

    ReplyDelete

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