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.
Think Investing as Tug of War - Read more? Click and scroll down
If you are retired , the only source of income will be from the portfolio (assuming you have no rental properties or other sidelines).
ReplyDeleteSo , that makes it tougher huh? You have to somehow get into dividend paying stocks and bonds to create the minimum "passive" income for monthly expenses (can be drawn-down lump sum at start of year).
Would love to hear how you are going to structure it for your upcoming retirement! :)
Still got time to do many calculations. LOL!
Delete"The general who wins a battle makes many calculations in his temple before the battle is fought. The general who loses a battle makes but few calculations beforehand. Thus do many calculations lead to victory, and few calculations to defeat; how much more no calculation at all! It is by attention to this point that I can foresee who is likely to win or lose." - Sun Tze
Ha! Ha!
ReplyDeleteAfter all the calculations, do you think you can control the outcome? i don't think so. Therefore "asset allocation"(diversification) even in a total stock/bond portfolio is necessary. i hope i stick to what i believe, always. And not to be blinded momentarily by Greed.
Ha ha!
Delete2 qian beis sharing their own opinions and experiences.
One is the classic: If you fail to plan; you plan to fail.
The other is more like putting a gun at every flower pot ala Chow Yun Fat's Xiao Ma Ge - you never know when and where you will run out of bullets and guns!
One believes we can decide our own destiny; the other believes - in his heart a man plans his course, but the LORD determines his steps.
That's the power of the Mind portion in the 3Ms.
It has nothing to do with right or wrong. It's about harmony with mind, body, and soul.
Can't be the rest of the week I chant "if I think I can, I can"; then come Sunday I sing "I submit to you as I have COMPLETE faith and trust in you my LORD"!!!???
Somebody is doing some "hedging"....
As an agnostic, I am surprisingly spiritual!?
LOL!
Ha! Ha!
ReplyDeleteSMOL, Do you think if you don't believe in any GOD but yourself, then you can control the outcome of investing in the stock market? Another words, it makes no difference what ever we think.
temperament,
DeleteThat's why an agnostic and a believer can shoot the breeze together ;)
We are aware of hubris.
Certainly, SMOL.
ReplyDelete