She is 59 and her hubby is 60. They are not investing anymore. They have enough of stock market volatility.
These oldies are unlucky lots who were burnt badly in AFC (1997/1998) when Government didn't control CPF Investment Fund. Folks like to think of their CPF money as paper money. Why let paper money rotting in CPF? Hoot ah! Her plan is to downgrade or sell her HDB flat. So far quite a number of oldies have been telling Uncle8888 that they are taking this approach to fund their 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.
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