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
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Wednesday, 3 October 2018

For how long can we control our mind? Don't need to talk about investment! (2)


Read? For how long can we control our mind? Don't need to talk about investment!


 Read? Retiring in overseas at much lower retirement costs??? (2)

 How does FI or FIRE investment bloggers think about this?

 What is their plan on it?

 Still financial savvy to manage passive income?


Have we started to think that what if I can't think on my own?

 Read? One Uncommon Act Of Kindness! (4)


Posted by Createwealth8888 at 08:17
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4 comments:

  1. Singapore Man of Leisure3 October 2018 at 09:46:00 GMT+8

    CW,

    This is the time when the rubber hits the road :(

    When we discover who will stick with us till the end...

    Or just pack us off to some attas 5 stars nursing home...

    Hey! Anything that money can resolve, its not a problem right?

    Isn't that's why we have X amounts in Y years goals? To achieve financial "success"?

    Money can solve everything :(


    ReplyDelete
  2. Spur3 October 2018 at 10:42:00 GMT+8

    Govt is well aware of this with more & more elderly singles, those without children (or children working overseas) & simply those with weak family ties. Which is more & more the case due to shrinking family sizes, breakdown of extended families (how willing people are to help relatives/in-laws etc), and high costs of living (sandwiched generations etc).

    Since 2016 the Mental Capacity Act has been amended to help better protect the financials of those with cognitive decline .... allowing use of "professional" deputies & donees to manage financial decisions .... more oversight by courts & Office of Public Guardian.

    Now even got course to teach people like lawyers, doctors, accountants to become professional deputies & donees. Additional revenue stream for them?!? But these type of people are probably geared towards those elderly with substantial portfolios, else the "reasonable" annual fees (say 1%) won't be attractive for these pros!

    So far the most practical scheme is the Community Kin Service where elderly with cognitive decline work with VWOs & the courts (court order) & OPG to manage the finances, together with the healthcare & daily living needs. I only know Touch Community Service and AMKFSC Community Services provide this. But I suspect govt will push this model more aggressively over the next 1-2 decades.

    The VWOs (or other administrators) need to provide annual reports of the individuals to OPG. But there is always potential for abuse e.g. ownself pay ownself as the administrators can bill themselves (or their subsidiaries) for various "services & products". OPG has to maintain close oversight to ensure spending is necessary & reasonable.

    ReplyDelete
  3. Createwealth88884 October 2018 at 08:24:00 GMT+8

    Dr M after crossing the River still carrying the Sampan and then put back the Sampan and continue rowing.

    See who is laughing? Good reason to carry Sampan. Don't poke okay! SM Goh said he will threw away Sampan and will not do Dr M.

    ReplyDelete
  4. Singapore Man of Leisure4 October 2018 at 10:58:00 GMT+8

    CW,

    LOL!

    Now everyone confirms know what button to press!

    ;)



    ReplyDelete

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