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 Investinghas 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!
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.
Feel like eating again! Just go to JB even though he knows very well that during weekends; it will be very crowded. Lots of time will be wasted in queuing and waiting. Ya! Enjoying the present since we have plenty of time to waste nowadays.
Even ta bao fishcakes from another shop; but eat them at the fish soup resturant. :-)
Uncle8888 knows too well that he can't replace his earned income with passive income. No way! But, it is still possible for him to adequately cover his expected household expenses and also to overcome future inflationary impact till 2038 (81 yrs old).
Based on Historical Annual Household Expenses of 5 Members since 2002 ...
The funding for sustainable retirement income for life ....
Getting to the desirable state with three taps solution ...
Uncle8888 still have one year to get it done. No hurry as 5.8% yield is not that difficult to achieve.
Tap 1 : Interests
Tap 2 (Safety) : Interests Tap 3: Dividend Income from Investment Portfolio of stocks from SGX. War Chest @ 54%
Following TGIF lunch break, Uncle8888 met his ex-colleague who went for "early" retirement in his late 40s due to poor health condition.
He is taking a break to see whether his irregular heartbeat is due to work-related stress or not. He then realized that not working is boring but working is stressful!
With his heart problem, he said he can't really do much with his lots of spare time.
To do or Not to do also die!
He repeated a few times during lunch. Health is Wealth!
BTW, he sold his investment property and 5 Rm HDB flat in Bishan and bought one condo for residential before deciding for an "early" retirement or taking a break.
Many financial and investment bloggers are talking about early retirement in their late 30s and 40s; but, not sure how many of them are truly prepared to take out the boredom of their unscheduled time?
At yesterday lunch, this young FT who turned Citizen came to join me. We conversed in Chinese about career and investing. This is Uncle8888 first time talking about investing in native Chinese language. Ha Ha!
He realized the nice thing with Chinese words. It sounds alike and true too!
In our 40s, we should better be wise enough to know where are we heading in our career development and which path to take before we realize it too late to make adjustment for significant future outcome ...
THE National Environment Agency (NEA) on Monday signed a
waste-to-energy services agreement with a consortium comprising Hyflux
and Mitsubishi Heavy Industries (MHI).
The consortium, through
its project company, TuasOne Pte Ltd, will build Singapore's sixth
waste-to-energy (WTE) plant and will provide waste-to-energy services to
NEA over a 25-year period from 2019 to 2044.
Hyflux owns a 75 per cent stake in TuasOne while MHI owns the remaining 25 per cent.
The
plant will be Singapore's largest. It will have a capacity to
incinerate 3,600 tonnes of waste and generate 120MW of electricity per
day. It will also be the most land-efficient, sitting on 4.8 hectares of
land.
Construction work is expected to start in early 2016 and end in
2019.
“When one door closes, another opens; but
we often look so long and so regretfully upon the closed door that we do not
see the one which has opened for us.” - Alexander Graham Bell
CW8888:
Let see when this door closes on Sep 2016, the other door that was opened since Jan 2000 will lead to where?
The FACT: In 2014, Uncle8888's passive income was 64 cts. In 2015, his expected passive income will be $1.21. It is at LEAST 89% growth in passive income!
How often do we read sexy Bikini blog posts like the above?
The three critical points are well covered up!
The TRUTH behind the Bikini blog post!
Invested capital grew by 126% while passive income grew by 89%.
When u officially FIRe, will u change anything to your portfolio or was it already changed some years back? Please let me know
CW8888:
Mr Kiasu and
Kiasu Approach: Three Taps Solution for Sustainable Retirement Income
For Life and not too dependent on crazy Mr. Market for emotional rides.
When we are not too dependent on it; we are likely to be less
emotionally affected.
Most likely Uncle8888 will take this approach and move towards this target to offset inflationary impact over future years.
Bo pian! As Ant, we will have plan and goal to guide our future actions!
When we reach 60's, we usually
will have nothing much to say because the time has arrived and only be
thinking what if we could have dream differently at 30's, or 40's and
pursue our dream and will our life story at the 60's be different.
If you are at your 30's and 40's and there is still time to fulfill your dreams and don't drop them yet.
My dream at 40's after tired of watching the Rat Race is to "Get Out of The Rat Race!". I will tell you again at the 60's.
Today, 24 Oct 2015, after 6 years and counting down to 60 @ Sep 2016. Here is an update to the blog post on Saturday, 17 October 2009
Uncle8888 has already informed his bosses and his Team (He is the Team Lead and Operations Manager) about his planned retirement @ 60 upon reaching the status of Senior Citizen and after receiving 40 Years Long Service Award i.e. spending 67% of his life before 60 as an employee earning taxable income.
FIRE is not without sacrifices or letting go the wealth accumulation from our human asset. After FIRE, we will be in the Land of Decumulation of Wealth in Human Asset and depending on our Financial Assets to maintain sustainable Retirement Income For Life. We cannot afford to make any major financial blunders as it is very hard to turn back.
Uncle8888 tracks everything so knows what have been let go after FIRE @ 60 and into the Land Of Decumulation!
(Current official retirement age is 62 and re-employment till 65.)
1. 3Q 2015 Net Profit down 12% to S$363 million, compared to 3Q 2014's S$414 million. 2. 9M 2015 Net Profit down 3% to S$1,120 million, compared to 9M 2014's S$1,159 million.
3. Earnings per Share was 61.7 cents, down 3% from 9M 2014's 63.9 cents.
4. Annualised Return on Equity of 13.6%.
5. 9M 2015 Economic Value Added decreased to S$456 million from S$1,032 million YoY.
My Market Transactions — Wk12 2023
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Photo by Micheile Henderson on Unsplash Dear Readers, Thank you for
coming here! Transaction for past week: Nil. Have a great week!!!
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Last updated : 24 Sep 2022
I am 66 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 22 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.
Currently, I am on my way to Investing Nirvana - Freehold Investment Income for Life after 23 years of building up Investment Portfolio through long-term investing for growth-dividends and short-term trading on Rounds after Rounds.
I have also achieved sustainable retirement income for life from CPF and Year-on-year Diminishing Bear Market Impact stock Investment Portfolio in local market, SGX! i.e. Beary Safe!
Cheers!
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.