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!

Click to email CW8888 or Email ID : jacobng1@gmail.com



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

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Saturday, 10 December 2011

Home for Living and not for profit taking (7)

Read? Home for Living and not for profit taking (6)

 



Warren Buffett's Home

Warren Buffett the Worlds 3rd richest man with $ 47 billion dollars still lives in the same house in the same Happy Hollow neighborhood where he bought the home in 1958 for $31,500. It has 5 bedrooms, 2.5 bathrooms and is 6234 square feet, the house was built in 1921. In 2005 it had a taxable value of $ 690,000.

Createweath8888:

This man teaches the greatest lesson in the concept of  "Home is for Living". A home is for personal and family comfort living; it is your nest and anything beyond that is just for showing off. 



Posted by Createwealth8888 at 11:36
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4 comments:

  1. AK7110 December 2011 at 12:05:00 GMT+8

    Hi CW,

    Certainly, we cannot invest like Warren Buffet but we can aspire to keep a home like him. ;)

    ReplyDelete
  2. Singapore Man of Leisure10 December 2011 at 17:38:00 GMT+8

    Ouch! LOL!

    Different strokes for different folks.

    As for me, home is not bricks and mortar.

    Home is where I find warmth, love, and peace.

    Since we can't put a "value" to these emotions, hence no need to mark to market.

    Apologies; but I poisoned by Buddhism...

    ReplyDelete
  3. Createwealth888810 December 2011 at 19:27:00 GMT+8

    True. Home is where you want to go back. Even E.T. wanted to go home. Anyone know who is E.T.? LOL

    ReplyDelete
  4. AK7110 December 2011 at 21:48:00 GMT+8

    Hi SMOL,

    Well said. ;)

    Hi CW,

    "E.T. phone home." ;-p

    ReplyDelete

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