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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Sunday, 19 November 2017

Where Did You Make Your FIRST $1M In Your Net Worth?


For those who have reached their net worth of $1M mark and above; where did you make your FIRST $1M in your net worth.

(1) All saving including CPF from your earned income or salaries 

(2) Profits from business entities

(3) Net investment gains from properties

(4) Net investment gains from stocks


While many personal financial investment bloggers love to chant on investing, investing and investing; how many of them really make their FIRST $1M from stocks?




Posted by Createwealth8888 at 19:51
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6 comments:

  1. B19 November 2017 at 20:56:00 GMT+8

    Wah $1m dream so far away...

    $10k first maybe can hahaha

    ReplyDelete
  2. RayNg20 November 2017 at 07:16:00 GMT+8

    ...
    5. From inheritance or give.
    6. From lottery
    7. From scamming or cheating


    ReplyDelete
  3. RayNg20 November 2017 at 07:20:00 GMT+8

    @late 40.

    via
    1. Gain from properties
    2. CPF

    ReplyDelete
  4. Siew Mun20 November 2017 at 08:13:00 GMT+8

    1. Gain from enbloc property
    2. Job
    3. CPF

    ReplyDelete
  5. Siew Mun20 November 2017 at 08:13:00 GMT+8

    This comment has been removed by the author.

    ReplyDelete
  6. Singapore Man of Leisure20 November 2017 at 09:18:00 GMT+8

    CW,

    You are the few "millionaire next door" who didn't reach it through property in Singapore ;)

    Anecdotally, its property for the majority of Singaporeans.

    Just look at the resale prices of HDB 5 room in mature estates. Actually, being an "asset millionaire" in Singapore is quite "common"; once you've gone private property ;)

    Those who bought HUDC and en-bloc to private are the super lucky ones!

    But HDB 2 bites of the cherries also not so far behind. Capital gains of $500K and above not unheard of ;)


    Stocks? Lots of sound and fury in percentages. In money terms, most of the portfolio "growth" comes from earn more and save more.

    The more honest and transparent bloggers will reveal their monthly or yearly capital injections ;)

    If one can earn and save $50K per year, we can be a millionaires in 20 years' time. Why risk -50% drawdowns in 1997, 2000, 2008 to switch the goal of investing to "I breakeven one day if I hold long enough"?

    The real reason?

    People don't want financial freedom at 65; they want it at 35 ;)

    Investing is speculation.


    ReplyDelete

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