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.

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

Sunday 17 November 2019

I Am Not Afraid To Draw-down My Net Worth To fight Future Decades Of Year-on-year Inflation For Spending


Read? Don’t Save Too Little, or Too Much

Read? http://createwealth8888.blogspot.com/search?q=Ants

“I use the analogy of the ant versus the grasshopper,” Dr. Guo said. 

“When I tell that story to my kids, I always praise the ants for working hard all summer, saving for winter and being prepared.” 

When he talks to retirees and people planning for retirement, he is less enthusiastic about industrious ants. “What we found in our study is that, if people behave like ants, it can be very problematic. 

Once they get into the habit of saving, it’s very hard for them to break it. The behavior becomes sticky.”


CW8888: 

Ant has been planning in the Summer and preparing for the Winter.

Knowing that he has enough to survive through the Winter; he can now go and dance in the Sun and the Land of Decumulation without worrying to suffer the fate of Grasshopper in the Winter!


















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