As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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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.

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Value Investing
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Sunday, 23 October 2016

The Three Matters On Personal Finance: Saving, Insurance, and Investment!!! (3)

Read? The Three Matters On Personal Finance: Saving, Insurance, and Investment!!! (2)

We will know we have arrived at high level of competency on personal finance and investment when we are able to build up our own self-insured fund in addition to our existing medical insurance coverage to replace those expensive premiums in our 60s and above. 

Once above 60; the premium is just too costly to transfer those risks to insurance companies. So, can we underwrite those risks on our own terms since many of us are aiming to be competent retail investors? Can right?

Younger ones while you work on your investment portfolio to reach your Financial Independence stage; you may want to think about self-insured funding in your 60s too.

Read?  Articles Relating To Insurance


  1. This comment has been removed by a blog administrator.

  2. Hi uncle cw 8888 when you say self insured fund you mean investment portfolio with dividend yield?

  3. My self insured fund consists of RA, SA, MA, Medishield life and $XX,000 cash for quick payment.

  4. Self insured means you have no more financial liabilities to housing, child education, etc.

    We do insure for medical cost via Medisheild.

    If you own a car, even if it is fully paid, we still require to buy insurance (min 3rd party).

  5. Minor to not so minor sickness perhaps can be self insured for retired average working class.
    Major dreaded diseases i think most of us can't afford to self insured.
    If unfortunate then........


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