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56 minutes ago
Monday, 24 November 2014
Save more than 60%. No need to invest??? (2)
Read? Save more than 60%. No need to invest???
After hearing someone with $5.2M and lost $1m punting in the stock market; she is not wrong in not investing as she had enough to retire with an asset draw down strategy.
How many of us actually feel the sharp pain of inflation impact?
Likely, most of us will get over the price hike after a few rounds of purchase.
Do you feel painful when you eat $3 chicken rice now?
But, when you lost large sum of money, it can be painful for many years whenever you think of it. Some even chop fingers and never ever touch it again!
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Inflation won't make us bankrupt. Moment of greed and stupidity in our financial decisions will!
ReplyDeleteSalary increment usually covers inflation. But moment of stupidity no one bail us out.
ReplyDeleteWhy some foundations and insurance companies are parking large amount of their fund in government bond earning low return and lower than inflation rate?
ReplyDeleteThey are financially stupid? Are they?
LOL!
Sometime it is better to be financially "stupider" to sleep better at nights than trying to be smart all the time to make ALL our money works harder.
ReplyDelete:-)
At times, it is wise to practice some loss aversion... I know where you get that 'story" from ;-)
ReplyDeleteThe Moral of Story ..
DeleteKnowing how much is enough for us. We can side step that greed in us. The moment of greed and stupidity can kill us.
temperament,
ReplyDeleteThat's an interesting hedge!
One opt in; one opt out ;)