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

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



Important Notice and Attention: If you are looking for such ideas; here is the wrong blog to visit.

Value Investing
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Friday, 14 October 2016

Now It Is Alright For Him To Ask


EX-ex-Boss asked Uncle8888 for advice on his CPF OA as he is reaching 55 this year. (Think should be soon or year end). 

 Should he take out all CPF OA balance to invest and close his CPFIS account?

 You know in the corporate world when Bosses asked for something. We don't know never mind; but we must google for some reasonable answer or solution for them. LOL!

 So Uncle8888 suggested (when working we can't advise our bosses) to him to leave CPF OA balance there and not to close his CPFIS as it can be used as war chest which is earning reasonable 2.5% return while waiting for market to come down more. His CPF OA can serve as his asset allocation of 2.5% Bond for fixed income and War Chest.

 Uncle8888 told him that he will prepare some slides for him later.

 All those images in the 12 slides sent to him are already seen in this blog except for this new slide to answer his question.




This action from his ex-boss is encouraging as it is a good sign that he has arrived at his level of competency in financial literacy even boss recognized it. :-)
Posted by Createwealth8888 at 20:03
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2 comments:

  1. Createwealth888815 October 2016 at 07:59:00 GMT+8

    Even boss not shy and step forward to the front and ask. LOL!

    ReplyDelete
    Replies
    1. Createwealth888815 October 2016 at 08:06:00 GMT+8

      If you are curious to know what did I send to ex-ex-boss for his review. I can forward it to you.

      Delete

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