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!
"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
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?
8 things I learned from the 2021 Suntec REIT AGM - Suntec REIT owns a portfolio of properties which include retail malls and office buildings located in Singapore, Australia, and the United Kingdom. As of 3...
2 hours ago