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.

Think Investing as Tug of War - Read more? Click and scroll down

Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Saturday, 1 October 2011

Investing Made Simple by Uncle8888 (27)

Read? Investing Made Simple by Uncle8888 (26)

Setting Goals ~ Aristotle

First, have a definite, clear practical ideal; a goal, an objective.
Second, have the necessary means to achieve your ends; wisdom, money, materials, and methods.
Third, adjust all your means to that end!

Investing Goals for most young retail investors

Are you at or near the starting point in your investing journey as Uncle8888 who was 30 years ago and who was also keen to get married and setting up home for his family with kids.

That above graphic is no ordinary graphic for you look at and forget. It is graphic of wisdom in investing for most of us i.e. getting married and setting up family with kids. It has guided Uncle8888 well in his investing journey so it may also guide you in your own investing journey.

First Goal - Your First Home???

When it comes to debating on pros and cons of paying up housing loan (your first home for living) as soon as possible, it will be endless. It is like cat and dog debating on swimming and although some cats can swim.

Read these quotes:

"debt-free and that, to me, is richness enough" - Tabitha Wang

"A man is not a man; until there is a house that he may call his castle. A woman is not a woman; until she has a place she may call her home. And neither a man nor a woman can say anything about their house, until they are the masters of it, and own it outright and unencumbered." - Albert Yang.

Read more? Paying up your housing loan

It is best for you and yourself to seek your own wisdom to determine is your first home is truly your first goal.

Second Goal - Your Kids University Fund

Although your kids can borrow from banks; but as investors we should be able to meet this second investing goal; otherwise can we still consider ourselves as savvy and successful investors?

Final Goal - Retirement Income

We will need to build a robust portfolio for retirement that can fight against inflation and provide a sustainable and minimum retirement income stream during bear markets that will happen in between every few years. We want to avoid liquidating our investment during market low and locking in negative returns and making portfolio recovery harder at the next bull market.

How to build such portfolio for retirement needs?

May be ideas for future posts?

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