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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Value Investing
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Thursday, 3 September 2020

If My Children Kept Asking Me How Much Money I Have? I Will Feel Like F.....


Lucky; they never ask and Uncle8888's spouse too. They just know those money in their joint bank accounts. CPF OA, they may know if they bother to read his blog! RA is a known fact! The rest is unknown but roughly they will know at least how much money he has.

Why should children and spouse be so concerned over his money?

Month after month and year after year; they didn't run out of money and have to borrow money to live on!

Uncle8888 doesn't announce his Reserve! LOL!





Posted by CreateWealth8888 at 08:29
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10 comments:

  1. Spur3 September 2020 at 08:39:00 GMT+8

    Think they should be happy that they aren't being asked how much money they have LOL!

    ReplyDelete
  2. hyom3 September 2020 at 13:11:00 GMT+8

    Your children must have read one of your top posts.

    Why need to ask if they already know how much you have in CPF? LOL.

    ReplyDelete
  3. CreateWealth88883 September 2020 at 13:58:00 GMT+8

    Ha ha!

    So Opposition kept asking how much is SG Reserve are innocent teenagers. Time for them to grow up! LoL!

    ReplyDelete
  4. Siew Mun3 September 2020 at 14:55:00 GMT+8

    Kill the goose that lays golden eggs !

    ReplyDelete
  5. hyom3 September 2020 at 15:07:00 GMT+8

    I don't see any advantage of letting other people know how rich a person is unless he is a snake-oil trying to project a rich and successful image. Some people feel that a rich/successful image impresses people and helps to sell.

    ReplyDelete
  6. CreateWealth88883 September 2020 at 16:53:00 GMT+8

    Really true! Snake-oil needs to project rich and impress. That is the power of showing off to impress. Another snake-oil who is still selling trading courses once posted a photo of himself against the background of one Sentosa Cove property and claimed that he made the down payment already.

    Real People. Real Excitement. Unbearable Temptation.

    This colleague was sitting beside Uncle8888 in the meeting room and after reading one of his FB's post he briefly mentioned one trader became rich by trading binary options and showing off his Ferrari!

    Read? MAS: Don't trade in binary options on unregulated platforms (2)

    ReplyDelete
  7. hyom4 September 2020 at 19:58:00 GMT+8

    Out of 10 trading course sellers, most are snake-oils looking for bei-kamping victims to get rich. Out of the remaining who started off as good eggs, many will eventually turn to snake-oil techniques to drive their sales. Bad incentives drive this industry. One of the bad bad eggs(probably the most successful among them) even got listed in Australia stock exchange.

    I've already done my part to warn people on my blog, forums, telegram. There will always be a ready market of bei-kampings to enrich this industry. I cannot control them but at least I have done my part.

    ReplyDelete
  8. Createwealth88885 September 2020 at 11:17:00 GMT+8

    May be there are two types of Bei Kambing - One believing in paying token sum in promise they will inherit the Secret to green and easy grassland; while the other type is putting in time and effort to cultivate their own grassland. Richer or poorer? Only got themselves to be blamed.

    ReplyDelete

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