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
Naughty uncle 8888
ReplyDeletelol
You mean I miss the chance to be naughty if she want to learn investing?
DeleteLOL
Inflation will erode that savings. After 20 yrs, $100 becomes $50 with an inflation of 3.5%. No buffer leh, dangerous..
ReplyDeleteHer salary will increase every year to help offset inflation. She may have another 2 to 4 promotions over her career with 10% to 15% salary adjustment. Not forgetting her year end bonus saving of 50% for another 30 years.
DeleteHuman Asset and High Saver is doable!
How to fight inflation?
DeleteBest way to get promotion every few years by climbing corporate ladder and save more from monthly income and year end bonuses.
But that's for current income. I think if you have more money, you have more to worry about inflation. Those money that you locked up in bank in fixed d are losing progressively more money as you earn more. Not sure if it'll turn out alright. It's like compounding in a reverse manner.
ReplyDeleteThink you are thinking of preservation of wealth?
DeleteSome is just thinking of doing asset drawn to last their lifetime and not too worry about wealth preservation.
I am planning for asset drawn too for retirement income for life and less worry over investment return. No need to leave behind too much money. LOL!
See 3% inflation adjusted asset drawn strategy? Liquid asset drawn down
DeleteAiyah...傻人有傻福。sometimes we make things complicated. You win some, you lose some.
ReplyDeleteMore dangerous than inflation is lifestyle inflation. This lifestyle inflation is very difficult to catchup or offset. LOL!
ReplyDeleteAh, things are much clearer now. If asset draw down, indeed no need to care much about inflation. Thanks for clarifying :)
ReplyDeleteHi Uncle 8888,
ReplyDeleteNot everyone is comfortable with money in the stock market.
And since it appears do-able for her, why not? Better than put in the market and everyday can't sleep. =p
Can get higher returns by pumping into CPF after drawdown (65) since Minimum Sum will keep increasing. 4% interest rate. Otherwise, can consider SGS bonds. ~3% also good!
Nothing is impossible. No right no wrong but no harm learning something new too.
ReplyDeleteLike my ATM wife. My investment plan for her is to continue to do ATM withdrawal instead of asking her to learn investing and later tio con and asset draw down even faster. LOL!
ReplyDeletelol
DeleteShe got pretty face!
ReplyDeleteYou can see in Singapore there is growing number of rich, single old men. Right?
These rare super savers can survive in hard times. Good times they are super savers. Bad times they are super survivors. Little doubt about it. Right?
ReplyDeleteby World Financial Group
ReplyDeleteYour savings, believe it or not, affect the way you stand, the way you walk, the tone of your voice. In short, your physical well-being and self-confidence. A man without savings is always running. He must. He must take the first job offered, or nearly so. He sits nervously on life’s chairs because any small emergency throws him into the hands of others.
Without savings, a man must be too grateful. Gratitude is a fine thing in its place. But a constant state of gratitude is a horrible place in which to live. A man with savings can walk tall. He may appraise opportunities in a relaxed way, have time for judicious estimates and not be rushed by economic necessity.
A man with savings can afford to resign from his job if his principles so dictate. And for this reason he’ll never need to do so. A man who can afford to quit is much more useful to his company, and therefore more readily promoted. He can afford to give his company the benefit of his most candid judgments.
A man with savings can afford the wonderful privilege of being generous in family or neighborhood emergencies. He can take the level stare of any man ... friend, stranger or enemy. That ability shapes his personality and character.
The ability to save has nothing to do with the size of income. Many high-income people spend it all. They are on a treadmill, darting through life like minnows.
The dean of American bankers, J.P. Morgan, once advised a young broker: "Take waste out of your spending; you’ll drive the haste out of your life."
If you don’t need money for college, a home or retirement, then save for self-confidence. The state of your savings does have a lot to do with how tall you walk.
CW,
ReplyDeleteYou are right! No need to invest if one can earn high and save most of it ;)
Even better if we marry well!
In my next life, I'll like to become an expat wife. Let that mule work and invest his ass off to pay for my lifestyle ;)
DeleteHope readers here are not that mule.
:-)
ReplyDeletenever let your/a woman know how much $$$ you have. It will spell trouble one .
Bias statement!
DeleteNot all women are spendthrift, men have destructive behaviour too!
If we are not publicly known that we have money then we should act poor and don't show off.
Deleteya stay low profile
DeleteWell said by:
ReplyDeleteMr Tan: Then also don't need money mah. Why the need to invest for money if there are no other wants?
Guess her reason for not investing? Not that many wants. LOL!