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!

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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

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Tuesday, 30 March 2010

Saving, Life Insurance and Investing - 2nd Revist

Someone asked "My mother is thinking of buying a 5 years insurance plan with a single premium of $10,000. She is still in good health and the reason she's buying is to get safe returns that are higher than the bank interest."

It is quite common that people are not clear on the differences in saving, investment, and insurance.

It is good to understand Saving, Life Insurance and Investing - Revist
Posted by Createwealth8888 at 17:58
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1 comment:

  1. Chong Kong Hui23 July 2010 at 12:58:00 GMT+8

    Most people are not savvy financially....
    too lazy or unable to get educated??

    ReplyDelete

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