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.

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Value Investing
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Friday, 15 September 2017

Two Bank Accounts? No, You may need Four! - (6)


Read? Two Bank Accounts? No, You may need Four! - (5)


 Four bank accounts are for ease of tracking and monthly downloading of Excel file; and particularly the Investment account is important for us to PHYSICALLY and MENTALLY separate our investment from all other needs and wants. This setup will help us to ride the emotional roller coaster rides across market cycles without worrying too much about meeting living expenses.

 Uncle8888 over the last 17 years hasn't touch a single cent in his investment account; but next year onward will be different as he is now a retiree depending on sustainable retirement income for life!

 Where are the money taps to fund four bank accounts?


Posted by Createwealth8888 at 20:42
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1 comment:

  1. sleepydevil15 September 2017 at 23:44:00 GMT+8

    While I did not realize, this is already the 6th installment for the post!! Truly, the different account for different purposes do seperates us from financial breakdowns. Spending within the limit of each is equally important.

    The right allocation into any is essential as well. These accounts will in turn be a tap to sustain each and every of us when we've retired

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