Read? Investing Lessons That You Can Learn From Real Life Veteran Retail Investors
Two phases in his long investing journey since Jan 2000 (23 yrs) towards to the Land of Investing Nirvana where he will be receiving freehold investment income for life!
Pre-retirement - Wealth accumulation phase i.e. capital recycling, reinvesting and compounding his wealth in the Market!
Post-retirement - Wealth decumulation phase i.e. just invested capital/cost recycling and 100% yearly investment income (dividends, interests and realized capital gains) were cashed out as retirement income for life!
With each passing year in his wealth decumulation phase in the Market through 100% yearly investment income cashed out; there will be less and less impact on his future investment portfolio at the next market crash!
Mr Market cannot take back whatever wealth that is not exposed to him.
So as retirees; we may want to play safe! LOL!
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