As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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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

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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


“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.”


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!

1 comment:

  1. Once U have more than enough to spend on the daily necessaries in your de-accumulation why still behaving like an ant?

    Actually ant or grasshopper is not my worry.

    How much I need to have before I am "happy" is.

    Very little, a bit little more or a lot more?

    Or a lot, a lot more?


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