“We Spent Just $5k On Reno” Why Some Buyers Are Skipping Big Renovations In
2025
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For most Singaporeans, a huge part of moving costs includes renovations and
furnishing. It’s not just about the money, it’s the time involved: there
are ...
12 hours ago
CW888, can I said that your Tap 1 is only flowing (income) after age 55 and age 65.
ReplyDeleteAge 55 - Interest from OA
Age 65 - CPF annuity
So, prior to age 55, there is no 'recession proof' portfolio lah.
True
DeleteFrom personal experience during AFC & Dot.com Bust/911/SARS, the best recession proof for my portfolio was having a "iron rice bowl" civil service job!! Haha!!!
ReplyDeleteIf a person has to worry about job security and insufficient passive income to replace employment income, then usually won't be psychologically prepared to buy when streets are awash in blood, even if got big warchest.
Think of it. Retirees are in better position to build recession-resistance portfolio since they have no concern over loss of income due to retrenchment.
ReplyDeleteThe real lever to make recession proof portfolio is asset allocation. If you allocate a smaller and yet comfortable percentage of your wealth to the volatile stock market, you are naturally making your portfolio recession resistant
ReplyDeleteTrue but some will feel that they missing out on opportunity cost. No free lunch in the market without affecting our emotions.
Delete