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

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

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Sunday, 31 July 2016

How To Let Your Spouse To Become Passive Investor Even When He/She Is Not Interested In Investing?



1. Open Joint Bank Account with your spouse.

2. Open Joint CDP Account with your spouse .

3. Open Joint Brokerage Account with your spouse

4. Transfer all your investment holding in your personal CDP to this Joint CDP account.


Bravo! You have made your spouse passive investor!

Now, who is still saying that there is no such thing as passive investor with passive income? LOL!





Posted by Createwealth8888 at 13:48
Labels:

11 comments:

  1. SMK31 July 2016 at 14:29:00 GMT+8

    lol and the sun moves from the right to the left.

    ReplyDelete
  2. RayNg31 July 2016 at 15:18:00 GMT+8

    Walau ... like also can.

    Getting passive income not only doesn't need any work nor money.

    ReplyDelete
  3. Createwealth888831 July 2016 at 15:31:00 GMT+8

    If we think about it when we receive one large lump money as gift or tio ToTo JAcktop and dump the money into ETF and forget it. Same effect! Passive investor with passive income till death.

    ReplyDelete
  4. Siew Mun31 July 2016 at 17:10:00 GMT+8

    Yes, I initiated to have a joint bank account and joint CDP account with my wife to introduce her to equities. Thereafter she also created her individual account to invest our children's saving.

    ReplyDelete
  5. Yaruzi31 July 2016 at 17:17:00 GMT+8

    I did just that recently ... Lol

    ReplyDelete
  6. InvestingWolf1 August 2016 at 05:25:00 GMT+8

    Totally agree with you... My gf is not interested and "assigns" me to settle it...

    ReplyDelete
  7. Singapore Man of Leisure1 August 2016 at 12:02:00 GMT+8

    LOL!

    temperament and CW both your marriages stood the test of time. All the power to you both!

    I must play the fly in the ointment. Too good to let this opportunity slip:


    1) Its fine and dandy for those in the honeymoon stage, that's until things turned sour and divorce... Eh? Who wiped out our joint accounts???


    2) Women, joint bank accounts are in your favour. That you keep. CDP harmless, keep also. Don't worry about declaring dividends for your income tax returns if you are working. Talk to your hubby, its all taken care of by big daddy. You can go back to sleep honey.

    Ah! But for joint brokerage accounts... This one you must make sure its not a margin or leverage trading account. Wait your hubby bust this joint account like Nick Leeson; and he "run road"...

    Leaving a huge mountain of debt behind for you!!!

    See if the brokerage will listen to your excuse, "But I'm passive! I cannot be held responsible!"



    But of course you know all these already. Continue to act dumb. Let the mule do all the work. Got time jio me out for high tea. Shh...

    ReplyDelete
  8. Singapore Man of Leisure1 August 2016 at 13:32:00 GMT+8

    temperament,

    I guess property and car are 2 things most people can't pay in cash entirely :(

    Give chance ;)


    ReplyDelete
  9. Siew Mun1 August 2016 at 18:10:00 GMT+8

    I am celebrating my 20th wedding anniversary next year. Moreover monetary cost of divorces are super high with at least half of the wealth will go to the other party.

    ReplyDelete
  10. Singapore Man of Leisure1 August 2016 at 20:39:00 GMT+8

    Siew Mun,

    Some wives have money; in a fit of rage, they will sell all your share holdings at the worst prices just to spite you!


    There's such a thing called will. That should suffice.

    Unless all these "loving intentions" are just a cover for cheapo men unwilling to pay lawyers to draft a will...

    Just joking!

    Don't hit the face!

    ReplyDelete

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