Is SRS fit for its purpose i.e. to secure our retirement fund? Super low interest rate at 0.05% and some tax saving will quickly corner most retail into investing ASAP to beat inflation and grow their retirement fund at faster rate. Compounding wonder! Wonder any statistics on SRS investment performance like CPFIS statistic? Another real life investing story on SRS, trading and investing to show that it is not that easy as we often hear those success stories presented in previews, conferences, talks or seminars. Armed yourself with sufficient trading or investing knowledge; you are on your way to compounding wonder??? Where are the missing parts? How come after many years you are still losing money? Did you ever wonder why?
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 2038.
Disclaimer: Stock trading involves significant risks. Create Wealth trader is not a licensed Investment Adviser and will not be responsible for any losses which you incurred. You are advised to always do your own homework before making any trading decision.