I started serious Investing Journey in Jan 2000 to create wealth through long-term investing and short-term trading; but as from April 2013 my Journey in Investing has changed to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Since 2017 after retiring from full-time job as employee; I am moving towards Investing Nirvana - Freehold Investment Income for Life investing strategy where 100% of investment income from portfolio investment is cashed out to support household expenses i.e. not a single cent of re-investing!

It is 57% (2017 to Aug 2022) to the Land of Investing Nirvana - Freehold Income for Life!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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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Wednesday, 22 August 2018

Chop Fingers liao!!! (2)


Read? HONOURING THE “MERDEKA GENERATION”

 Read? Chop Fingers liao!!!

 Pioneer Generation and Mederka Generation - Their CPF for retirement?

Many Pioneer generation didn't have much in their CPF due to the nature of job compensation package during their time.

 Many in Mederka Generation have lost money in their CPF account during AFC 1998 as the crisis hit them really hard on their face. 

 HDB housing was cheap so more paper money was available for investing but locked in CPF till 55! 

Why not hoot them all in the stock market and become rich!

 It is stupid not to hoot! Right?

 The Government didn't have wisdom or foresight to protect Mederka generation from losing too much money in their CPF during AFC.

 After AFC, many had chopped their fingers and never touch the stock market ever again.

Again, the Mederka generation got caught in their HDB asset enhancement dream! Property sure huat!

 Many have become "asset" rich and cash poor; but only those lucky few will truly become rich cash from SERS; and the rest of them will just receive consolation money from VERS.

 This is how Mederka generation may pass their life journey from here onward!


Posted by Createwealth8888 at 11:12
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1 comment:

  1. Singapore Man of Leisure22 August 2018 at 12:54:00 GMT+8

    CW,

    Yup, those with long memories behave different from those with short memories.


    There was a time when big daddy thought, with good intentions, CPF "returns" won't be enough... Hence the tacit "encouragement" to unleash the animal spirits in Merdeka generation to chase HIGHER returns OUTSIDE of CPF...

    Even giving away "free" and "discounted" Singtel shares - like they do in supermarkets - so that minions can open their first CDP and brokerage accounts. Look! Not so scary right? Good! Now go chase rainbows!

    We all must chip in to develop our fledgling fund management sector mah! Must dangle our CPF carrot to foreign fund managers, if not how to lure them to set up shops here?

    Then comes's the opps moment...


    Now the pendulum has swung over to the other side. Voluntary CPF contributions anyone?

    But why then do we still have CPF Investment Schemes?


    Eh... Every school is a good school?

    What it really meant is that if you can, of course tap the earn more CPFIS attas school route!

    If you can't make it, then no worries. There's always the save more neighbourhood school route, anyone and everyone can do it!


    ReplyDelete

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