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!


Click to email CW8888 or Email ID : jacobng1@gmail.com



Welcome to Ministry of Wealth!

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



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Thursday 18 December 2014

Can you put a $ value FOR a good night's sleep???



We need to know ourselves what keep us awake at nights?


After close to 60 years of sleeping across economics, financial and market cycles, Uncle8888 knows well enough what will keep him awake at nights?


1. Lack of money to pay bills.

2. The thought of being retrenched and out of job for a long time.

3. The thought of having to sell his stocks at market low to fund his family living expenses



That is why he tracks his family living expenses of five and forecast what is the likely future living expenses for two unemployed @ 2.5% inflationary rate for reasonable cash flow to fund his lifelong living expenses and put a $ value FOR a good night sleep.
















  








If you have a worry problem, do these three things: 

1. Ask yourself: “What is the worst that can possibly happen?” 

2. Prepare to accept it if you have to. 

3. Then calmly proceed to improve on the worst.” 

(Carnegie 49)



Just do it!

We will regret on things we didn't do them rather on things that we have done to keep us sleeping at nights.


10 comments:

  1. Uncle, I am one up, I have a family of 6.

    ReplyDelete
  2. Uncle, I am unemployed, my wife is also unemployed, and I have a son in kindergarten and two daughters in poly.

    ReplyDelete
    Replies
    1. The company that I set up for my futures trading shows an income number in a bracket last year - (21,527). For this year, that income number would still be in a bracket, perhaps twice that amount. Still have 8 trading days left before the end of 2014. Anything can happen. I live with the risk that my trading account can be wipe out in a single day.

      2012 income, can buy 2 Mercedes S-class I think, if I had not lost it in a single day.

      Next year? Won't know until the end of the year but I do know I still have a 100K capital to trade futures, as of now.

      Delete
  3. CW,

    There you go!

    We make a good tag team in Wrestlemania ;)

    Like Mancho Man and Hulk Hogan?

    Then we tear each other's' eyes out when there's no worthy opponents.

    LOL!

    ReplyDelete
  4. temperament,

    You grasshopper you!

    That prayer by an unknown Christian is indeed a universal "truth". It's same wine just packaged differently in other spiritualities

    This is the essence and secret sauce of planning ;)

    ReplyDelete
  5. For married guys with kids eating your money in big way and you are already financial independence or on your way to financial independence.

    Give yourself a big pat on your back and High 5.

    You have done it with so much LESSER.

    You deserve that respect!

    Well done!



    ReplyDelete
    Replies
    1. You are not juggling two balls but 3 to 4 balls into the air.

      Amazing!

      Right?

      Delete

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