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

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Sunday, 25 December 2011

Year-end budgetting for the next 2 years

Just For Thinking ....

Common advice from financial advisors is to keep 6 - 12 months ready cash for emergency use; but there is no such thing as one size fits all.

You should sit down and do your year-end budgetting exercise for the next 2 years. You must seriously and consciously think through what are the expected expenses that may be coming up in next 2 years and how you are going to fund these expenses.

You should not be thinking that you can easily fund your expenses by liquidating your stocks next year.

Nobody can predict where the maket will be going in the next two years and you might be liquidating near market low. Heart pain hor!


  1. how come i get this feeling that this topic is directed at me (with good intentions though)
    ha. Yes, got the message, its cash is king now!

  2. Hi

    You have 3 children to care with your expenses and I must say that you are and must be really really good to handle your finances :p


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