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.

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Value Investing
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Tuesday 5 May 2015

My Long Term Personal Financial Goal - Self-insured Fund by 60!!!



Uncle8888's last life insurance policy will mature in Mar 2016 and thereafter he will be self-insured with his own fund and supported by Medisave and Medishield.

He made that decision in his 30s and works towards this 20 over years long-term personal financial goal.

 Now, who says long-term goal is "useless"?
Sometime, Grasshoppers can learn something from Ants. Now, Ants can dance in the Sun and sleep in the Winter.

Posted by Createwealth8888 at 08:13
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3 comments:

  1. Singapore Man of Leisure5 May 2015 at 08:45:00 GMT+8

    CW,

    Eh?

    Sama sama.

    This coming Dec I will cash out of my last remaining Wholelife policy as it has reached it 20th year and it has outlived its purpose.Cancelled my Term plan 4 years ago I think.

    I've no idea that when I bought my Term and Wholelife insurance policies 20 years ago, my networth will exceed the combined payouts 4 years ago... I was taken by surprise more than anything.

    Wow! You very de good! Can plan all this from way before!?

    You win!!!


    By the way, have you noticed you are talking more and more like Grasshopper? What dance in the sun, sleep in winter...

    After crossing the river, I've no longer any need for the sampan. You seem to enjoy carrying the sampan on you even while on land ;)

    ReplyDelete
    Replies
    1. Createwealth88885 May 2015 at 08:54:00 GMT+8

      Inflatable sampan. okay lah. Just let out the air and fold it up. Put it into the backpack. No carrying. :-)

      Delete
    2. Singapore Man of Leisure5 May 2015 at 11:12:00 GMT+8

      Buay tahan. You win again!

      I think I must go down Waterloo Street to Kwan Im Ma there to buy flowers to bath away my bad luck...

      LOL!

      Lucky got you to banter with. Market is boring leh... No action :(

      Delete

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