(CreateWealth8888: This is an alarming fact)
Singaporeans are still focusing on practical short-term finances rather than on retirement needs that call for disciplined savings and investments over a span of 20, 30, 40 years.
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CreateWealth8888:
- To plan well for retirement; we have to save regularly to provide more investing capital
- To invest well - We cannot be either The Tortoise Or The Hare. We have to be both Tortoise and Hare at the same time.
- The truth: The Tortoise will never win the Race
- To win the Race: The Most Dollar in the Least Time; but Hare can run too fast, become too tired and lost the Race.
- To succeed in investment and grow our wealth, we need to be both the Tortoise and the Hare at the same time. You only have finite time to complete your Race so you need to understand why you can't just be the Tortoise alone.
The moral of the story : Long Term Investment (Tortoise) and Short Term Trading (Hare)
Posts
Bit shocking for me,to read the recent poll in this post,Retirement planning is all about knowing what you want and being disciplined towards achieving it.Planning for life after work is not so difficult once you follow a few simple steps:
ReplyDelete1. Determine an amount that is required.
2. Determine how much additional is needed.
3. Allocate investments.
4. Wait, review and reallocate.
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