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

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Sunday, 16 February 2014

Upgrading before it is too late???

Real People, Real Story ....

Down-grading at their 60s when they realized it is too late???

One Guy:

 ...   He told me he has no any other investment plan except to leave it in CPF to service his housing loan - another 11 years to go!!!

Read? leave it in CPF to service his housing loan - another 11 years to go!!!

Another guy:

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.

Read? Home for Living and not for profit taking (8)


  1. Folks in my generation have made easy money from their first residential home and may like to think that their second upgraded residential home will also end up somewhere like their first ones.

  2. Haha! ... Sell high also buy high ... how to make money???
    In fact many sell high & buy higher .... sell HDB for $600K but buy condo for $1.5M Hohoho!!

    Even if temporary rent ... also need to rent high at market peaks ... and don't know how long need to rent before property prices drop enough to buy again.

    That's why no point if you're flipping-flapping with your 1 & only prata-ty.

    Unless aiming for big downgrade or migrating to much cheaper countries for retirement.

    I know a few hoping for enbloc Toto for their old condos... Kekeke!!!

    In future with more & more cramped & built-up condos, the possibility of enbloc will lessen. Just like HDB SERS --- what's the point of redevelopment if cannot build higher & squeeze more units to maximize profits in the new development??

  3. Quote: "at 59, He still have another 7 more years to clear his housing loan."

    May be he has enough OA or cash to clear his loan?

    If not, then it is a bad financial decision....Asset Rich Cash Poor. :(


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