As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

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

Thursday, 15 November 2018

What is good Financial Planning? (2)

Wednesday, 15 June 2011

Read? What is good Financial Planning?

Uncle8888 has been following the current hot debate on financial/retirement planning arising from this news article

SINGAPORE - New financial advisory firm MoneyOwl, as its name suggests, wants to help Singaporeans make wise financial decisions that include integrating schemes such as the Central Provident Fund (CPF).

Hmm .. so Uncle8888 has made wise financial decisions with his
Three Taps Solution model for sustainable retirement income for life! LOL!

The Golden Formula for a good financial planning

Good Financial Planning = Saving + Insurance + Investment

Tap 1 : Savings in CPF OA & Cash

Tap 2 : Self-insured medical and health care fund on top of Medishield Life. ( His last life insurance matured at age of 60 as planned donkey years ago in his 30s to retire from full-time employment latest by 60. Since he is no longer human asset generating income after 60 so there is no need to cover human liability with life insurance after 60)

Tap 3 : Investment

Read? Three Little Pigs Net Worth - Assets & Wolf

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