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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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

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Saturday, 21 May 2016

Save more than 60%. No need to invest??? (5)


Read? Save more than 60%. No need to invest??? (4)


Friday, 14 November 2014

Today, at lunch. Uncle8888's female colleague in her early 30s asked this question:
Can save more than 60%. No need to invest. Right?


CW8888: That lunch with her and triggered the above blog post.



Last Thursday, Uncle8888 was having lunch with her again. She was glad that that Uncle8888 could retire voluntary. This is something that she doesn't see it happening for herself. She will have to keep working till her retirement by the company i.e. no voluntary retirement on her own as she still don't have faith in investing. It is just too risky!


 




5 comments:

  1. That is the reason, most female avoid investing and those female who invests turn out to be better investors than men?

    ReplyDelete
  2. Not always. Some females like to anyhow spend money. Some females invest already don't know how to cut loss. Some females....

    ReplyDelete
  3. Just to clarify... save >60% base on current income

    Her saving including CPF OA & SA?
    No debt (flat fully paid, etc...)

    Does she save >60% over the past?

    Let's say she earn $2K 20 years ago and now earn $5K; saving is $1.2K and $3K respectively.

    However, her living expense is $2K now ($5K * 40%).

    So, her saving is not 1.5 years of expense (http://createwealth8888.blogspot.sg/2014/11/save-more-than-60-no-need-to-invest.html)

    She could consider using CPFLife annuity concept for perpetual income. She could top up cash to increase her monthly payout, i.e. $2K.

    ReplyDelete
    Replies
    1. She can save more than 60% of her net take home pay and put in FDs.

      Delete
  4. If her salary is high enough then saving 60 % of it per month may looks O. K.
    Just remind her each bank per account is insured up to 50 K only - IRRC.
    If so 4Ks on money matters, must know Banks can kaput one too.

    ReplyDelete

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