Uncle8888 after encountering his first economic crisis and market crisis in 1998 AFC since starting work in Aug 1977 and then seeing his close and grown-up colleagues weeping after being told of his retrenchment. His first time seeing an adult crying so badly out of funerals!
After 1998, he transformed into an Ant!
Not an ordinary Ant; but one super calculating and tracking Ant!
Grasshoppers dance in the Sun as they haven't look with their own their eyes long enough at their fellow dying grasshoppers in the Winter whispering to his Ant friend ... "Ya, I should at least listen to part of your planning for harsher Winter "
Since then he always spend his last year bonus after income tax. He doesn't spend on any future money and spend only what he has earned and deserved it!
So far, he has survived one pay cut and two pay freeze with zero bonuses.
On Housing Upgrade For years he has resisted Auntie8888 from housing upgrade and he chooses to be debt free for rest of his life without having sleepless nights over future economic and market cycles.
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
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.