There is no free lunch in the market. When we leverage or indirectly "leverage" we have to pay premiums or interests.
Premiums or interests have been paid and every year these options have expired worthless for more than a decade and still counting. When we are wrong; we lost the cost of premiums; but when we are right when time comes. Hmm ... next batch of Golden geese that lay eggs for next decade or more! How much do these premiums add up?
Last updated : 14 Sep 2019
I am 63 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.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
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