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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Sunday, 22 January 2017

Tax Saving For SRS. She Has Been Happy Until .....


Read? SRS : You open. I open


True Story ....


One day; one woman in her 30s was telling Uncle8888 about how she has saved $300+ in her tax payable for that year and she looked quite happy with her tax saving; but then Uncle8888 poked her with this remark ..

$300 for locking your cash for the next 30 years. One year is $10! Okay. Right? Think about it!




4 comments:

  1. Cannot like that said locking 30 years ma.

    She can invest the SRS money instead of letting it idle.

    ReplyDelete
    Replies
    1. If really keen to invest then should use cash account and has all full liquidity on hand. Why SRS?

      Delete
    2. The objective of SRS is for retirement.

      Tax saving is only a sweetener.

      Inorder to mitigate inflation, one can invest this SRS money to earn adequate dividend and potential capital gain ... in the long run.

      Each of us has different financial objective. SRS is just an option for consideration. No right nor wrong as it depends on individual circumstances.



      Delete

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