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

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Value Investing
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Saturday, 24 October 2015

Life Cycle - Some Dreams And Lots Of Regrets (2) - Count down to 60 in Sep 2016



This blog post on Saturday, 17 October 2009

Read? Life Cycle - Some Dreams And Lots Of Regrets

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.


Read? FIRE!!!

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.)

 


 

Posted by Createwealth8888 at 08:30
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7 comments:

  1. Singapore Man of Leisure24 October 2015 at 10:14:00 GMT+8

    CW,

    You very de good!

    Give 1 year notice :)

    Now sit back and watch the show as your team members jostle for pole position for your job!

    Let's see whether management will replace you with one of them or helicopter a team leader from outside ;)


    So next year can teach me fishing?

    I can return the favour by jio you to Chinatown OG to people watch the China mei meis ;)

    ReplyDelete
  2. Rolf Suey24 October 2015 at 13:29:00 GMT+8

    in view of the aging population, 60 is the new 40.

    Hahhaa...

    ReplyDelete
  3. Investopenly24 October 2015 at 13:34:00 GMT+8

    CW8888 : Agreed with Rolf, age is just a number, you should not stop dreaming even after 60 ;-P

    ReplyDelete
    Replies
    1. Createwealth888825 October 2015 at 08:10:00 GMT+8

      60 is the new 40 is going to screw up many FI retail investors. :-(

      Delete
  4. Sillyinvestor24 October 2015 at 15:38:00 GMT+8

    Uncle CW,

    When u officially FIRe, will u change anything to your portfolio or was it already changed some years back? Please let me know

    ReplyDelete

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