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



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Value Investing
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Sunday, 10 October 2021

Unexpected Lesson Learnt In COVID-19 On Fighting Market Volatility As Retiree

How to fight market volatility as retirees who are depending on their investment income?

A practical approach from unexpected lesson learnt in COVID-19 with an unplanned War Chest as one data point case study!

Read? Have you spend enough time thinking on your money management strategies? (4)

We have no control over market volatility!

We either go and fight it or slowly withdraw from it!

How to fight a War against market volatility?

Of course, we need War Chest!

How much is enough?

We have to find out ourselves! No model answer to this question!

















Posted by Createwealth8888 at 10:09
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2 comments:

  1. Singapore Man of Leisure10 October 2021 at 11:12:00 GMT+8

    CW,

    Life after FIRE is not exactly "passive" and everything on "auto-pilot" right?

    How many people after FIRE are on the beach all day chilling out?


    I would like to contribute by sharing all these unplanned injections of war chest funds to maintain replacement income is not without OPPORTUNITY COSTS.

    If STI would to touch 2200 again like during March 2020, you war chest would be a lot smaller...


    That's why I can fully appreciate those old fogeys who have made their money OUTSIDE of CPF find the stable and consistent CPF interests (albeit low and boring) so comforting during retirement - no more corporate earned income to dilute out the investment losses!

    Testosterone loss is another reason (attas language to mean baxxs shrink)


    Cough, cough. I better stop. Wait people think I'm with the 1M65 gang!?

    I'm a trader looking to upskill myself into a speculator; anyone know where I can get my testosterone shots?

    LOL!


    ReplyDelete
  2. CreateWealth888813 October 2021 at 08:56:00 GMT+8

    (Bloomberg) -- The International Monetary Fund warned of the risk of sudden and steep declines in global equity prices and home values as the Federal Reserve and other central banks withdraw the support they’ve provided during the pandemic.

    ReplyDelete

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