As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

Click to email CW8888 or Email ID :

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

Tuesday, 27 April 2021

The Difference Between Smart Financial Advice and Smart Financial Advice For You (4)

Sharing the truth on example of Rich Assets and Good Assets through real life experience!

So what when you are younger in Rich Assets e.g. CPF Millionaire!  Know the difference between Good Assets and Rich Assets before we realized it too late! The moral of the story, can we just follow the best example of building retirement wealth without seriously knowing the depth of buffering of our Rich Assets and Good Assets in our net worth. Life crisis may happen when we are not expecting it to happen!

With several insurance policies, CPF saving, investment portfolio and a fully paid 4 room HDB flat; the counting of money showed that it was not that bad. His family should be able to "tong" through the next 15 years without too much financial hardship. 

In fact his CPF saving, investment portfolio and a fully paid 4 room HDB flat already made him a Millionaire in assets value; but he couldn't afford to take 1 to 2 months no-pay leave after using up his 90 days hospitalization leaves. This life experience has taught him experiential wisdom to see the difference between Rich and Wealthy.

A million dollar in asset value can make us feel rich; but not necessary we are wealthy enough to afford thing that we want even it is just about $X,XXX in value. 

Read? The Difference Between Smart Financial Advice and Smart Financial Advice For You (3)

Read? Counting So Hard On How Much Money Is Enough? (2)

Read? 15th Year Anniversary


  1. Hello! I have been exploring if i should park cash into SRS to reduce tax. Like to get your guru opnion.

  2. CW,

    I'm very impressed with our 5,000 years of Chinese wisdom.

    Far water cannot save near fire ;)

    That's why "eat oil heavy heavy" women knew instinctively who to "weed" out.

    What's the point if that old goat can't afford a Chanel bag on the spot despite his millions?

  3. a typical sg is asset rich and cash poor

  4. I think those who follow Uncle8888 knows his crash got sound experience emphasises having sufficient access to liquidity when SHTF (no, not for Chanel bag šŸ¤£).

    If you guys have seen the personal finance pyramid, you'll know that investing (including properties) or trading is the least important component. šŸ˜‰

  5. Why use the term Liquidity in financial cash flow or an investment and not ice batu kachang leh?

    My phobia in applying for an IPO is poor trading Liquidity or for that matters Liquidity in any endeavor.

    Have U heard of bridging loan?

    ii never ever want to experience it if ii can.

    See how 4Ks ii am. LOL.


Related Posts with Thumbnails