Just For Thinking Uncle8888 is getting tired of keep repeating it to some of his younger colleagues around him whenever they talk about passive income in retirement planning. Passive income is a direct function of Account Size!
Larger our account size. The easier to reach that level of passive income required to sustain our retirement life.
How to grow our Account size to reach that large size?
1. Earn more and save more 2. Can consider growth-dividend and capital appreciation strategies. 3. For long only retail investors, can consider capital recovery strategy to build up War Chest for the next market cycle.
It is through higher earning, higher saving, higher capital appreciation and higher re-investment gains; then we may reach that large account size sooner and then change our future investing strategy to generate passive income required to sustain our retirement life.
Last updated : 14 Sep 2020
I am 64 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 21 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.