Do we know that all these topping up of our CPF Accounts with our "excess" Cash is no different from selling options to Big Daddy and collect one time premiums of $XXX to $X,XXX with maturity date at 55, 62, 65 (soon 67)? Great deals??? For those younger folks who have few dependents; it is going to be a very long expiry date in terms of decades while trading off our liquidity to respond to contingencies that may require us to sell our assets at the wrong market cycles. Once we have to deplete our assets to meet liquidity needs; it will become harder for us to recover in the next market turn.
Emergency fund is never the same as having adequate liquidity to respond to contingencies. Do some younger folks know the significant difference between Rich Assets and Good Assets? Do you have a pie chart of your Rich Assets and Good Assets? Uncle8888 has told (Wa Ka Li Kong) somebody to do this chart fo himself and not sure has he done it to understand his own liquidity position to respond to any contingencies?
I am 61 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and retired @ 60 from full-time job as employee.
Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 2nd year uni in SUTD.
I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild.
I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038.
Last updated: 3 Sep 2017
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