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
CW, your Tap 1 able to cover 89% of your projected expenses... technically you should be shield off from any market volatility. Your tap 1 starts in age 65?
ReplyDeleteMarket up, net asset and cash increase --> bonus
market down, deploy your 21.4% war chest to increase networth and cash flow --> bonus
So, win win liao.
enjoy your trip to Taiwan. :)
This year, 2016 will be covered by earned income but from 2017 onward will be funded by Tap 1 and Tap 3.
ReplyDeleteTap 1: Bulk of it coming from assets drawn strategy from CPF OA and FDs
Tap 2: CPF RA, SA, MA, Medishield Life, and $XXK in emergency cash accounts. This self-funding method will motivate me to focus more on personal well-being.
Tap 3: Cash flow (Dividends & net short-term trading P/L) from Investment Portfolio