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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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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Monday, 20 June 2011

How do you compute your net worth?

Generally, we compute Net Worth = Assets - Liabilities

Generally and globally accepted standard of computation of assets is to exclude your residential home (however, you can choose of your properties and designate it as residential if you have more than one)

I am more conservative and aware that some assets seem to be moving away from my reach e.g. CPF SA and MA as Government likes to put its strong hand in them.  I might as well exclude them as assets and treat them like bonus.

My Net Worth = Assets - Liabilities   (excluding CPF SA and MA)

Currently, I have zero liabilities.

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