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.

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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Friday, 6 May 2016

The Truth Behind Building Sustainable Retirement Income For Life Strategy


Good read? The risk you can assume is determined by: your sleeping point, your age and the sources and dependability of your noninvestment income


It is more than investing for income.

That is the reason for Uncle8888's preferred model to build up sustainable retirement income for life - The dependability of your noninvestment income i.e. counting interests with partial asset draw-down strategy.

His Three Taps Solution

Lesser wealth but will likely to sleep better and worry less over future market cycles. This is the trade off! No free lunch in the market.






5 comments:

  1. Actually this is a principle to adhere to from day one.
    Never envy what others get from the market.
    The 1st time i faced the Crashed market was 28 years ago when i just started to invest my "all".
    Maybe i did lose some sleep but i bit my teeth and lasted through the Bear market -- Not selling in panic.
    My poor wife might had lost more sleep, though a passive investor.

    So your temperament counts a lot.
    Some people no matter what their IQs are not just suitable for investing in the market.
    No offence intended but i know this is the truth.

    Now?
    30 to 40 % of my cash rotting in the banks.

    4 Ks liu. (Kia Si, Kia Boh, Kia Su, Kia Cheng Hoo)
    Really 4K because i did not buy anything in Jan. 2016.
    Really not like me in the past.
    Must go and wash my face when the next opportunity comes around.
    But really no regret, can sleep better at our age is the most important like what CW said.

    ReplyDelete
    Replies
    1. Another 30 to 40 % in CPF (wify's) as Bond really.
      But CPFIS is active.

      Delete
  2. CW,

    Does your Tap 1 include CPFLife which will be kick in 5 years later?

    ReplyDelete
    Replies
    1. I am on minimum sum for obvious reason. CPF life is not for me. :-(

      Delete

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