You DON'T believe you can really recognize future market cycles. You DON'T think you can wait patiently to profit from the next few market cycles; then you should move on to become STRONGER passive savers. There is No free lunch in the world of investing! You have to trade off something for something else. For your young children's ang pow money; how many market cycles will their ang pow money likely to go through?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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