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
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Technical Analysis and Charting
Stock Tips

Sunday 14 November 2021

War Chest As Calibrator To Regulate Cash Flow Across Market And Economics Cycle During Retirement (3)

 Read? War Chest As Calibrator To Regulate Cash Flow Across Market And Economics Cycle During Retirement (2)

What may actually work to generate sustainable retirement income for Panda/Koala retirees in Singapore market?

The commonly recommended 3% to 4% rule based withdrawal by FAs and/or on the ground tested method based on War Chest as calibrator to generate sustainable retirement income across market and economics flowing into Cash Reservoir to minimize any down the road forced assets draw-down during market low.  

Draw-down of assets during market low to support living expenses is a bad investing strategy!

5th year into retirement (2017 to 2021) - Actual outcome


  1. During boom years, the 3%-4% will be much more than budgeted expenses ... these excess should be channelled into cash reservoir.

    The main problem is if there is bad
    & long bear market in the first 5 years of retirement ... this is when cash cushion prepared before starting retirement comes in.

    1. Agreed. Before we retire, it is better to prepare for a sizeable war chest and a few years of cash reservoir.

  2. Thanks CW for sharing your retirement journey. Its helpful for people like me who are near retirement and are looking for role models.

    Since my wife retired in Jan this year, it does get lonely waking up early to go to work each morning.😅

    Think savvy retirees such as Mr Fire Station from the US also practiced setting aside cash reserves of three years expenses to ride out any crisis. Mr Fire Station retired in 2016 at age 49, and he has seen networth grow even in this 5 years.

    For us, I am also planning to set aside about 3 years of cash reserves (~ $400K). Problem is there is no good place to park this cash reserves that can give decent interest in the meantime. So far the bulk of the money is parked into our DBS multiplier accounts where it earns anything from 1 to 3% pa. The rest are earning less than 0.5% pa.

    Would love to move the money into our CPF but is capped by the allowable limits each year.


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