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

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Saturday, 13 October 2012

Home for Living and not for profit taking (8)

Read? Home for Living and not for profit taking (7)

He is 59. Instead of looking forward to his retirement, he is hoping that his boss will recommend him to work till 65.


He took profit on his first HDB home and then took a second housing loan for his replacement home.

He still have another 7 more years to clear his housing loan.

It is exactly what my ex-neighbour did except my ex-neighbour is a taxi driver and can drive his taxi till 70.

Home for profit taking???

In life, we all reap what we sow when we are much younger as we don't think decades away.

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