Read Reaching 55 soon. Another pay cut!
Now, the better part of reaching 55
The Last Investing Goal
Reaching 55 soon in Sep 2011 and it means that I have successfully completed my investing goal for Kids' University fund and now left with the last investing goal for Retirement.
Another good news of reaching 55 is that I no longer need to have any saving goals since I have unlocked money in CPF OA into Cash. It will be the ever largest cash reserve in my lifetime since I have no Bank of Papa or Bank of Mama behind me and not a high income earner too. I am too lazy to monetize my weekends and spare time into cash. So the only option available to me to Financial Independence is through investment. I have chosen investing in stocks and local stock market only. The investing journey is a long one and some painfully experiences along the way and that is the truth that I personally encountered; but unlike what I read in the paper ads that investing can be made easy.
The Last Mile Investing Journey
The last mile in my investing journey may be the most dangerous one as I definitely have no more opportunity to recoup any big losses. I will have to be even more cautious in my portfolio and money management. No more second chance hor!