Read? Renting a home can be a savvy decision Quote : "I looked to investment guru Robert Kiyosaki's Rich Dad Poor Dad blog, in which he wrote: "Repeat after me, your house is not an asset." His line of thinking is that it matters little how much a property appreciates in price. What matters more is "whether it provides cash flow every month". "The key is to make your money on the buy, not the sell," he said, so that one does not have to worry about whether the asset value goes up. Cash flow from a house would therefore come from the rent. So if you live in your own house, it cannot be considered an asset." CW8888: How about holding a few stocks on good buy for cash flow and does not have to worry about the asset value up or down? Fact or Fiction : The key is to make your money on the buy, not the sell
If you haven't personally experience it through your own investing journey; it is very hard to understand fact or fiction. After more than one decade of receiving cash flow from these free hold stocks and Mathematically Infinity gains; what else could he probably complain or unhappy about? One time investing effort; not good as passive income for more years to come?
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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