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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Saturday, 29 August 2020

Investment , Tech Stocks, Medical Stocks FOMO and CPF Top, OA to SA Transfer FOMO



What is FOMO?

Fear of missing out is a social anxiety stemmed from the belief that others might be having fun while the person experiencing the anxiety is not present. It is characterized by a desire to stay continually connected with what others are doing. Wikipedia

FOMO

/ˈfəʊməʊ/

Learn to pronounce

noun INFORMAL

anxiety that an exciting or interesting event may currently be happening elsewhere, often aroused by posts seen on social media.

"I realized I was a lifelong sufferer of FOMO"


How to overcome investment FOMO

Hmm .. so investment FOMO is really bad???

Why nobody talks about How to overcome CPF FOMO?

CPF Top Up or CPF OA transfer to SA to become 1M65 FOMO in your 20s or 30s is really good!

CPF FOMO is okay but investment FOMO is not okay? Not biased opinion?

LOL!








Posted by CreateWealth8888 at 18:18
Labels:

13 comments:

  1. Spur30 August 2020 at 00:38:00 GMT+8

    Elon Musk just revealed chip-brain pigs -- cyporks. Supposedly r&d to cure paralysis, dementia, depression. Maybe also fomo, LOL!

    Else just need to channel your inner sloth!

    ReplyDelete
    Replies
    1. CreateWealth888830 August 2020 at 08:23:00 GMT+8

      FOMO is a new way of life! May be can start a new discussion thread in the public forum on How to live with FOMO and still have your own life! LOL!

      Delete
  2. hyom30 August 2020 at 09:22:00 GMT+8

    CPF FOMO won't lead to huge losses like investment FOMO. Too much money in CPF will mean lesser money into higher-risk investments. This is not a bad thing if a person is a lousy investor.

    ReplyDelete
    Replies
    1. CreateWealth888830 August 2020 at 10:57:00 GMT+8

      FOMO in CPF is not bad as it is better to regret not making more money than to feel sorry of losing money if investment FOMO turns wrong.

      Delete
    2. hyom30 August 2020 at 11:16:00 GMT+8

      Agree. Putting more money into CPF is good for those whose human capital is not into investing. For those whose human capital is in investing, it follows that they should put more money into investing to grow their wealth faster. Nevertheless, even for those who have a good investment track record, it is advisable that they have enough money in CPF to meet the maximum retirement sum as a safety net.

      Financial markets are dangerous. Better not be over-confident. Always have enough in CPF as a safety net just in case. That's what I do for myself.

      Delete
  3. hyom30 August 2020 at 09:28:00 GMT+8

    When I see other savvy crypto investors making big money on crypto-currencies, I don't feel the urge to FOMO. They have the knowledge and the edge. They've got more alpha than me in this area. They deserve to earn the profit. Good for them, especially those who take time to answer questions, explain the rationale behind their investments and not simply showing off the returns.

    ReplyDelete
  4. mysecretinvestment30 August 2020 at 11:12:00 GMT+8

    I think it is ok to sock away some money in the CPF. After all, it is not like you can "suka suka" put in any amount you want. The CPF will only allow a certain amount to be deposited into an individual's account each year.

    For those of us already past 55 yo, CPF is an extra avenue for us to park "extra" cash for that 2.5% interest in OA or 4% in SA. Not high, but reasonable enough in this current climate.

    And come 1st January each year, there is this "Joy" of looking at the interest from Ah Gong!

    People in the 1M65 movement are already counting down to the 1st Jan 2021. :-)

    ReplyDelete
    Replies
    1. CreateWealth888830 August 2020 at 11:18:00 GMT+8

      We can like ex Minister. COVID-19 again may have proven it again.

      In the Channel NewsAsia report, “Labour chief says Singapore’s slide into recession unavoidable” (Channel NewsAsia, 11 October 2008), NTUC Chief Mr Lim Swee Say was reported as having said the following:

      “Every month, when I receive my CPF statement, I feel so rich and the best part is, I know the CPF money won’t run away. CPF will still be around for a long, long time to come… Not only is it earning good interest, my capital is protected.”

      Delete
    2. Rolf Suey30 August 2020 at 14:19:00 GMT+8

      Hahaha.. ur CPF money won’t run away bcos even if it runs away, u also dunno!

      Delete
  5. Spur30 August 2020 at 13:36:00 GMT+8

    Balanced approach is better for most. Over contribution into CPF leads to over concentration. Our jobs, properties, cash savings already here. Cpf is a non-liquid futures contract on the future of S'pore for the next 30-50 years.

    I'm biased but for younger people, CPF shouldn't take up more than 25-30% of retirement portfolio.

    Investing doesn't have to be difficult. And it doesn't have to be individual stock picking. Or individual sectors. And it doesn't have to be either stocks or cash. ;)

    ReplyDelete
  6. Siew Mun30 August 2020 at 13:48:00 GMT+8

    To be honest, I am looking forward to 55 in 29 days. I am shielding both OA and SA on 2 Sep. On my birthday I will top up about $190k cash in my RA.

    ReplyDelete
    Replies
    1. Henry31 August 2020 at 10:35:00 GMT+8

      Hi Siew Mun
      Can explain what is shielding and the details how to do it?

      Delete
  7. Rolf Suey30 August 2020 at 14:20:00 GMT+8

    We shouldn’t have fear in anything except one!

    ReplyDelete

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