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, 15 October 2015

How to become rich in stocks??? (28)


Read? How to become rich in stocks??? (27)

After 15+ years of trying to become rich from the stock market and the truth is right in front of Uncle8888 everyday when he looked at this updated Pie chart!

It is easier to become rich from his human asset by saving but supplement by his investment return!

But, the truth for most of us is one day, our human asset will yield no return so we really have NO other choice but to depend on our financial assets to build sustainable retirement income for life. 

Like it or not, it is still better to invest and to become really good retail investor. 

But, his Kung Fu in the stock market is not cheem enough. Sianz!




Posted by Createwealth8888 at 19:48
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10 comments:

  1. cookie16 October 2015 at 08:15:00 GMT+8

    Hi uncle
    U rich enough liao lar. Just that maybe u want a little bit more...n maybe leave recurring income for your loved ones.

    ReplyDelete
    Replies
    1. Createwealth888816 October 2015 at 19:17:00 GMT+8

      Leave recurring to my spouse who don't bother with investing. Bo pian. She is the one truly on passive income. See what SMOL will say?

      Delete
    2. Singapore Man of Leisure16 October 2015 at 22:48:00 GMT+8

      CW,

      You good man!

      Now that's sending Buddha all the way to the West!


      Many just buy life insurance and if they went to sell salted eggs; just dump a large sum of money to their love ones - as if they somehow magically will know how to SECURE passive income flows for themselves...


      I would prefer rental properties as bequeath. Its intuitively easier to grasp for bei kambing (white sheep).

      For equities, you may need to leave some "standing instructions":

      1) Explain whether to accept dividends in cash or scrips when offered;

      2) how bonus issues affect share prices so your love ones don't get heart attacks with the price plunge ex--bonus;

      3) and more importantly, know the differences between renounceable and non-renounceable rights offers!!! When to subscribe and when to run for the hills!

      Good luck explaining!

      That's why the savvy wolves can arbitrage against bei kambing during Rights Offers ;)


      Yup, its definitely passive income from MY perspective if you gift your recurring income to your wife.

      Somehow, I have a feeling your wife may disagree...

      She'll count all those years married to you, help you bear children, do the housework, take care of you... She'll probably sneer at me, "Passive your head!"

      LOL!

      Delete
    3. Createwealth888817 October 2015 at 06:59:00 GMT+8

      By default, I think most older folks above 55 can leave behind their HDB flat. :-)

      Delete
  2. yeh16 October 2015 at 18:31:00 GMT+8

    Uncle
    What is your kongfu.
    You haven teach me yet

    ReplyDelete
    Replies
    1. Createwealth888816 October 2015 at 19:19:00 GMT+8

      Go and clean those dirty coffee tables on the right of this blog.

      Delete
  3. Createwealth888816 October 2015 at 19:18:00 GMT+8

    No matter how. Our life must go on and have faith and courage to move on.

    ReplyDelete
  4. Createwealth888816 October 2015 at 19:20:00 GMT+8

    Or pay some course fees to listen to "Gurus". LOL!

    ReplyDelete
  5. Investopenly17 October 2015 at 11:20:00 GMT+8

    CW8888 : Just drop by to say hello! Like your richness in sharing... ;-)

    ReplyDelete

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