As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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

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Thursday, 4 June 2015

Baby Boomers in 1950s are going to sell their house for retirement!!!

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.

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