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



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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

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Tuesday, 24 May 2016

Parents And Gifts To Our Children???


As parents, do we bring our unspent money to the coffin?

No. Right?


Should we dispense some of "their" money as gifts to our children and see them enjoying their gifts while we are still alive or wait until we are gone and then let them spend "their" money?

Uncle8888 has budgeted some of "their" money as Gifts for their special occasion like new home and wedding.


How wrong can it be?







Posted by Createwealth8888 at 15:07
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4 comments:

  1. RayNg24 May 2016 at 21:58:00 GMT+8

    Money not spend is not yours. If one can afford to provide some special gifts to children, please do so for the love to children.

    Yes, for my case, I also have some spare money to help my child to pay down payment for their flats.

    ReplyDelete
    Replies
    1. Createwealth888824 May 2016 at 22:42:00 GMT+8

      Agreed! It is better to spend our money as gifts when we have budget or spare for them and knowing that we are spending them. How wrong can it be?

      Our money can't disappear on its own. Finally someone will get their hands on our money and spend them.

      Delete
  2. Createwealth888824 May 2016 at 22:43:00 GMT+8

    Default. May be don't need to care at all. ha ha

    ReplyDelete
  3. Rolf Suey24 May 2016 at 23:49:00 GMT+8

    Just make sure dun spend on China women! Many tycoon in my industry have this Chinese mistress problem and now fighting over their fortune with wife and children.

    ReplyDelete

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