We often hear from those "Gurus" or commercially vested bloggers. Start early and let compounding works wonder for you!
Chun bo? Here in this blog, Uncle8888 will share with you what real life retail investors had shared with him. In the investment blogophere; you are most likely to hear successful investing stories or how much dividend income they are receiving. Oh! How tough can it be? Very seldom do we hear about pain in the ass on their real life investing experience on the ground.
One more real life story: Saving pennies on his tax relief in SRS; but losing dollars in investing his SRS. He is not happy with CPF OA 2.5% compound interests; but losing X times 2.5% negtive compounding return in his CPFIS.
Six years into investing his SRS and CPFIS; and also he has spent his time and effort reading many investment books and daily visits to investing forum e.g. currently IN (Hmm.. it is more like TN) to improve his investing knowledge and skill You can judge for yourself. Investing is tough as we will never believe that we can lose so much when we started investing. Right? Read? Minimum You Have To Go Through One Full Market Cycle: Bull-Bear-Bull or Bear-Bull-Bear. If Not Don't Talk Too Loud! Investing your CPFIS is even tougher. Why not happy with compounding interests of 2.5%?
Last updated : 14 Sep 2019
I am 63 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016.
Single household income since 1995 with three children.
Currently, two sons and one daughter are working.
I have been doing 20 years of long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that so-called Panda or Koala in the investment world.
I am currently executing my Three Taps solution model to maintain sustainable retirement income for life till 2041 @ 85 yrs old.
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