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!


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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

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Sunday 15 January 2012

S'pore economy already starting to see slowdown: PM Lee

SINGAPORE: Prime Minister Lee Hsien Loong said Singapore's economy is already starting to see a slowdown, particularly in the electronics sector.


But he sounded a note of confidence, saying that Singapore is prepared for the uncertainties ahead.

"The economy... probably will grow slower than last year. We're projecting 1 to 3 per cent growth. We have to take that in our stride, and accept that. But within Singapore, we should continue to build, we should continue to develop, we should continue to prepare ourselves and our next generation for the future," said Mr Lee.

Mr Lee said what the government can do is to improve the education and public transport systems, and build more homes so that young couples can start their families.

He made these points at a Lunar New Year event on Sunday morning in his constituency of Teck Ghee, which is part of Ang Mo Kio GRC.

He also officiated the re-opening of a wet market and food centre at Block 409, Ang Mo Kio Avenue 10, which had recently been renovated.

He said more of such markets will be built over the next few years, with the aim of keeping food prices affordable.

The prime minister also distributed red packets, each with S$150 in cash and supermarket vouchers to low-income residents.

It's a small gesture that brought a smile to housewife Haslinah Mahmood, who said she's concerned her Malaysian husband will be affected by the downturn.

"I'm more worried because he has a work permit. Who knows... if one day he can't carry on working with the work permit, what will happen to us?"

Madam Haslinah has two young children, and she plans to use the money for school fees and transport fares.

- CNA/cc

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