Saturday, 4 February 2017
Save more than 60%. No need to invest??? (6)
Read? Save more than 60%. No need to invest??? (5)
So far if it not wrong; only two bloggers said loud and clear that NOT everybody need to become retail investors to beat inflation.
Good savers who are risk averse and don't want to ride the emotion of losses or even paper losses can choose not to invest.
Good savers can beat inflation by having more than enough assets for draw-down to last their lifetime.
Read? He Has Retired At 58!
His ex-boss told Uncle8888 that he doesn't invest in stock market anymore as he can't afford to lose anymore!
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CW,
ReplyDelete2 groups will do their best to "inspire" others to take up the path to financial freedom:
1) Vested interests. Duh? If not how they earn fees and commissions? Its like those who like to talk about healthy living, anti-oxidants, etc... They are trying to sell you health supplements or recruit you as their underlings in their Multi-level-marketing sales funnel ;)
2) Not vested but started their journeys from 2009 onwards. They have never been through a -50% market meltdown yet... We have.
And that's not something I wish to see people who matters to me go through. Make less is always better than lose money!
Only bei kambings think investing is easy.
temperament,
ReplyDeleteExactly!
Even with all these years of experience, like you, there were times I was this close to giving up!
After our experience and knowing what we know now, how can we tell others to "invest" without sounding "phoney"?