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 Investinghas 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!
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.
In the name of Passion or chasing the Big Dream, some may have over-worked or over-stretched themselves like a candle burning horizontally at both ends; which would cause the wax to drip and burn out quickly. It will not last through the night!
SMART GAOL sounds O. K. But how to know you are heading in the right path, practically? You have to do it first then you will know. Then you learn to adjust as you go along. There is no two ways about it. You have to do it first then you will know. Right?
Once we reach a certain point in our life, the life candle is now held HORIZONTALLY instead of vertically when we are younger and now causing the wax to drip off into the thin air.
See the clue when the candle is held vertically and burning, see what happen to the dripping wax?
"Cheem" is becasue I don't understand why we must hold the candle holizotally. We don't have to hold the candle holizontally lah... life is short and be relistic what we want and what we can achive. We still can hold the candle vertically and let it burn naturally lor.
It is the matter of choice. Why must overwork and/or overstretch?
Yes! But we still try our best to leave at least something behind for my only son. With this mindset, we can spend without worrying so much of our taps running dry. Of course, we can upgrade our living standards if we decided to leave less for him. We are in our "De-accumulation phase" But you will never know that we are still trying to "accumulate" whenever there is an opportunity. It's not easy for a leopard to change its spots Ha! Ha!
NB:- Anyway, my son start real trading for real money in his online game. i told him he is making money in in his trading because he knows his game market well; at least more then those gamers who are willing to buy from him.
So i told him it is the same with the stock market . In order to make money you have to know the stock market well; at least more than those who are willing to buy from you.
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I am 66 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 22 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
Currently, I am on my way to Investing Nirvana - Freehold Investment Income for Life after 23 years of building up Investment Portfolio through long-term investing for growth-dividends and short-term trading on Rounds after Rounds.
I have also achieved sustainable retirement income for life from CPF and Year-on-year Diminishing Bear Market Impact stock Investment Portfolio in local market, SGX! i.e. Beary Safe!
Cheers!
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.
CW8888,
ReplyDeleteVery "Cheem" philosophy.
What I know is SMART Goal.
S - Specific
M - Measurable
A - Attainable
R - Realistic
T - Timeline
SMART GAOL sounds O. K.
DeleteBut how to know you are heading in the right path, practically?
You have to do it first then you will know.
Then you learn to adjust as you go along.
There is no two ways about it.
You have to do it first then you will know.
Right?
Temperment is right.
ReplyDelete"For the things we have to learn before we can do them, we learn by doing them." - Aristotle
Once we reach a certain point in our life, the life candle is now held HORIZONTALLY instead of vertically when we are younger and now causing the wax to drip off into the thin air.
ReplyDeleteSee the clue when the candle is held vertically and burning, see what happen to the dripping wax?
"Cheem"?
"Cheem" is becasue I don't understand why we must hold the candle holizotally. We don't have to hold the candle holizontally lah...
Deletelife is short and be relistic what we want and what we can achive. We still can hold the candle vertically and let it burn naturally lor.
It is the matter of choice. Why must overwork and/or overstretch?
Yes!
ReplyDeleteBut we still try our best to leave at least something behind for my only son.
With this mindset, we can spend without worrying so much of our taps running dry.
Of course, we can upgrade our living standards if we decided to leave less for him.
We are in our "De-accumulation phase"
But you will never know that we are still trying to "accumulate" whenever there is an opportunity.
It's not easy for a leopard to change its spots
Ha! Ha!
NB:-
Anyway, my son start real trading for real money in his online game.
i told him he is making money in in his trading because he knows his game market well; at least more then those gamers who are willing to buy from him.
So i told him it is the same with the stock market .
In order to make money you have to know the stock market well; at least more than those who are willing to buy from you.