Read? Should you follow the 3% or 4% retirement rule? (2)
She is 62 and Uncle8888 is 61+
After every market cycles; we are older; and after a few market cycles we are already or nearly senior citizens. When we have enough net worth to last our lifetime; do we still want to ride the BULK of our net worth in the stock market cycles of vulgarities without the support of earned income from our human asset.
Although, some of us may continue to work free lance, part-time or pastime when our health still allow us to be active; but we are likely to be on lower income which may be just enough to cover our own personal allowances e.g. Uncle8888's One Year After Retirement From Full-time Job As Employee.
His 8 HWW (Hours Work Week) can cover his own personal allowance for daily meals, monthly transportation cost and mobile plan; and hopefully he is qualified for next year Workfare MA top up to cover his Medi-shield premium.
After the last Bull Market in 2007; he has learnt something from Mr. Market about the true value of our net worth. How much of our net worth is exposed to Mr Market's moods and vulgarities?
We can be millionaire at Point X with large exposure to the stock market; but when Mr Market changed his mood after Point X; we may just lose that title in term of months if not weeks!
How do we define our success in investing after Point X in our lifetime of investing in the stock market?
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