Uncle8888 sent all his three children for swimming lessons (classes) up to Gold level and his eldest son who was very keen in swimming up to life saving level and qualified to be Life Guard. Uncle8888 himself attended tennis lessons. He paid for all these training but the coaches never advertise that they will swim like Joseph Schooling and Uncle888 will play like a pro! But; for investment training courses; "Gurus" can teach you to reach FI, FIRE or FIRe and then lives off investment income. Did "Gurus" tell you that your desired level of investment income for FI, FIRE or FIRe will depend on your capability to inject the right size of your own capital into the market? Investing is a Game of Capital and our account size really matters! Look at those star bloggers who have impressed you with their six digits passive income. (1) Do you think that they have injected six or seven digitsown capital into the stock market from their hard earned saving from their day job or jobs to generate this level of investment income? or (2) Do you think they have compounded from investment gains from their own capital base of just five or six digits or less? Your answer is (1) or (2)?
In investing, our account size really matters! - CW8888
Last updated : 15 Sep 2018
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd 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.
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