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.

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Value Investing
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Friday, 22 December 2006

false sense of financial security?

Staying employed may give us a false sense of financial security and we do not realise that being employable is uncertain as we age. We are likely to be the one to be retrenched and will start getting concerned whether we could then support our kids through university and have enough food and shelter over their heads. Some of us may already have witnessed some senior colleagues being sent off.

We need to have other source of passive income while currently being employed and working towards the goal of staying employed as an option and we are ready to be sent off when it comes.

Investing is one way to achieve this goal but it requires us to put in fair amount of effort and time to acquire knowledge, skill and discipline to accumulate wealth. We could start with any amount of capital and slowly add more capital as year passes by and through prudent investing to reach our goal.

Two good books to read: "Rich Dad, Poor" and "Secrets Of Self-Made Millionaires ". It teaches us how to accumulate wealth to achieve financial independence

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