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

Monday 26 June 2017

What is good Financial Planning?


Read? What is good Financial Planning?


Saving is saving

Insurance is insurance

Investment is investment


Know clearly the difference among them - Saving, insurance, and investment and don't start comparing them one to one like Apple to Apple when obviously they are NOT!


Recently; Uncle8888 has read in FB's comment section that some are advocating topping up children CPF OA as children's university fund and making CPF looked like super saver account with the wonder of compounding interests and multi-purpose.


When our financial goals e.g. our children's university fund or retirement are decades away; don't be so naive thinking that we will always be there to top up CPF account to meet the financial goals. 

Financially savvy or prudent ones will first seek to protect against human asset and then save or invest towards financial goals!

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



3 comments:

  1. As long can service comfortably then OK lah.... Just take it as fixed income portion of overall portfolio.

    However nowadays these par insurance not so favourable. Annual bonuses declared very much reduced from previous decades.

    Previously in the 1980s or 1990s, can breakeven within less than 10 years.
    Now takes almost 20 years to breakeven, even if buy at 20+ age.

    For today's generation, can get better returns & protection by buying term and simply invest the rest in low-cost bond funds or bond ETFs.

    ReplyDelete

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