Read? Renting a home can be a savvy decision Quote : "I looked to investment guru Robert Kiyosaki's Rich Dad Poor Dad blog, in which he wrote: "Repeat after me, your house is not an asset." His line of thinking is that it matters little how much a property appreciates in price. What matters more is "whether it provides cash flow every month". "The key is to make your money on the buy, not the sell," he said, so that one does not have to worry about whether the asset value goes up. Cash flow from a house would therefore come from the rent. So if you live in your own house, it cannot be considered an asset." CW8888: How about holding a few stocks on good buy for cash flow and does not have to worry about the asset value up or down? Fact or Fiction : The key is to make your money on the buy, not the sell
If you haven't personally experience it through your own investing journey; it is very hard to understand fact or fiction. After more than one decade of receiving cash flow from these free hold stocks and Mathematically Infinity gains; what else could he probably complain or unhappy about? One time investing effort; not good as passive income for more years to come?
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
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.