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
Technical Analysis and Charting
Stock Tips

Sunday, 26 July 2020

Who Wants To Be A Millionaire in Singapore?


Read? Who Wants To Be A Millionaire host Regis Philbin dies at 88


 Hmm! Last TV show watched was so long ago!

 Also watch the movie Slum Dog Millionaire.

 Who Wants To Be A Millionaire in Singapore?

 Answer these questions throw by investment writers.

 1) Earn more, save more and invest successfully over market cycles of Bulls and Bears.

 2) Taking CPF Top up route and join 1M65 movement 


Still not quite sure of your answer?

 50/50 : Guess yourself

 Ask your favorite bloggers
Ask Trainers in the Investment training academies

 LOL!



Posted by Createwealth8888 at 08:42
Labels:

8 comments:

  1. mysecretinvestment26 July 2020 at 10:52:00 GMT+8

    I think everyone would like to be a millionaire. As your wealth grows, your life options grow and the trade-offs you would otherwise need to make reduce. It would be less of "should I have this and forgo that" to "why not both!?"

    I cannot recall when our networth first crossed the $1M mark. Think this was because much of it was in our property - case of asset rich, cash poor.

    You somehow dont feel rich when you dont have cash in your hands. I still remember with fondness when I collected my rental in cash from my tenant in the early 90s. I felt so happy then even though the rental was only $900 a month. Now that the rental payments are credited into my bank account, I dont feel the joy anymore even though it was above $3,000 a month.

    So same thing, if your wealth is mostly invested, you just dont feel rich, and so you tend NOT to splurge. But if you see a big pile of cash in your bank account, the temptation to spend it is high.

    ReplyDelete
    Replies
    1. CreateWealth888826 July 2020 at 11:16:00 GMT+8

      Temptation to spend on credit cards is also high for those who can't manage their finance on expenses.

      Rich but doesn't feel rich to spend more. Some not that rich but still feel rich to spend more on credits.

      Delete
  2. WTK26 July 2020 at 12:33:00 GMT+8

    Hi all,

    One thing pop up in my mind. Does it matter if one becomes a millionaire? My take is that I will be content as long as the generated dividend covers my annual expense. If it is not enough, I cover the shortfalls by taking the part-time gigs. Whether I am a millionaire is secondary to me.

    My two cents' worth of views.

    WTK

    ReplyDelete
    Replies
    1. The Dreamzola Traveller29 July 2020 at 20:18:00 GMT+8

      Wah! They rejected you?! Part time now also want relevant experience ah,,....,..Like that want to be semi-retire also danger liao.

      Delete
  3. Siew Mun26 July 2020 at 16:10:00 GMT+8

    Crossed the 1 million mark in 2017. I don't feel different. Continue on the present lifestyle. Reached the 2nd million still continue the present lifestyle. Before enlightenment chop wood carry water after enlightment chop wood carry water.

    ReplyDelete
    Replies
    1. Buildingmydream27 July 2020 at 12:18:00 GMT+8

      Hi Siew Mun,

      Able to share what you consider factors that led to a CAGR of 26% in these couple of years?

      #Respect!

      Delete
    2. Siew Mun27 July 2020 at 13:05:00 GMT+8

      Hit Toto - enbloc in 2017. Thereafter combination of having a savings rate of 50-60% annually, equities, bonds and Cpf

      Delete
  4. Buildingmydream27 July 2020 at 12:17:00 GMT+8

    This comment has been removed by the author.

    ReplyDelete

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