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
how is it? any key points?
ReplyDelete:-(
DeleteThe last and hardest plan. What happen if we lose our grip e.g dementia or a have a stroke and lose the good judgment we have 10 or 20 years ago. Worse for those without closest kins.
Can consider Lasting Power of Attorney (LPA).
Deletehttps://www.publicguardian.gov.sg/opg/Pages/The-LPA-The-Lasting-Power-of-Attorney.aspx
Those have more children may not have issue with LPA as they have an option to pick their favorite and trust ones at time of decision making.
Deletevery true, uncle.
ReplyDeletei see 2 problems
1. people change. how do you know the kid won't change?
2. no kin, the most jialat, especially for bachelors.
Not sure how many factor this "last and hardest plan" in their retirement and financial planning.
Deleteyou can count the childless and the pamperers.
DeleteWe must not under-invest on relationship and kinship as dementia or stroke is real.
ReplyDeleteEspecially true for stroke which can hit even when we are younger. Tio brain stroke. We cannot think over financial matters anymore.