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



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Showing posts sorted by relevance for query dementia. Sort by date Show all posts
Showing posts sorted by relevance for query dementia. Sort by date Show all posts

Tuesday, 4 November 2014

Retiring in overseas at much lower retirement costs??? (2)

 

Read? Retiring in overseas at much lower retirement costs???

 

CW8888: These folks also never read news on dementia? Come on folks. Seriously read it. Seriously think about it. You still advocate on the part of much lower costs?

 

Dementia Crisis Roils Japan as 10,000 Seniors Go Missing

By Kanoko Matsuyama
November 03, 2014 3:07 PM EST

Asayo Sakai, a former nurse and housewife, drinks a glass of water in her apartment. Asayo was diagnosed with Alzheimer’s disease, the most common form of dementia, almost 10 years ago at 77.
Asayo Sakai banged on the front door, demanding to be let out. She was at her daughter’s apartment, where Asayo has lived for the past six years. She has no memory of how she got there or what she’s doing there. 

As her daughter, Akiko, blocked the way, Asayo, 87 and suffering from dementia, lashed out, hitting and biting. The scene repeated itself with agonizing predictability for a solid year until one day Akiko, exhausted, gave in and opened the door, letting Asayo wander the streets of Osaka’s busy financial center in western Japan.

“I thought, get out of here, if that’s what you want,” Akiko said. “Mom turned into a monster and I couldn’t handle her. I thought my life was over.” 

What happened next taught Akiko things she never knew about her mother -- and herself. Asayo’s walks lasted hours upon hours and into the early morning. At first, her daughter followed from a safe distance. When police assured her they’d try to keep an eye on Asayo, she let her mom roam around the city alone.

It was a risky act of desperation. Yet Akiko soon discovered within her own neighborhood how Japan is trying to become more dementia-friendly. In 2013, the government started a program that helps families and communities deal with dementia sufferers on their own. Businesses are helping as well.

Asayo’s story provides a glimpse of where Japan’s policies may be headed, how far the country still has to go, and the extent to which it is providing a roadmap for other countries.

Akiko is among the tens of thousands of Japanese grown children and other caretakers who, lacking access to nursing homes or sufficient help at home, have been pushed to their psychological limits. 

“People are desperate to find ways to handle dementia patients,” said Hiroko Sugawara, who runs a government-funded educational campaign on dementia.

Elderly Care Crisis 

 

That dynamic has given rise to a growing elderly care crisis in Japan, where an estimated 10,000 seniors with dementia go missing a year. Some disappear for years, others never return or are eventually found dead. Caretakers have snapped, injuring or even killing their loved ones. In 2012, 27 seniors in Japan were murdered or died from neglect, although it’s unclear how many suffered from dementia.

The number of seniors abused by family members jumped 21 percent to more than 15,000 in 2012 from 2006, half of whom suffered from the condition, according to a Japan Health Ministry survey.

While other countries are aging, none have done so as rapidly as Japan, where an estimated 8 million people suffer from dementia or show early signs of developing the disease. That’s about 6 percent of Japan’s population. By 2060, 40 percent of Japanese will be over 65, up from 24 percent today, according to National Institute of Population and Social Security Research. And as the population ages, the proportion of tax-paying workers will decrease relative to the swelling ranks of dependent seniors.

Funding for the stay-at-home program, at just $31 million this fiscal year, is low compared with spending on the disease by other developed countries. At the same time, the government has been raising premiums and reducing access to state-funded services as part of a broader effort to reduce spending, adding to caretakers’ difficulties. Yet the concept of care that is more humane and less expensive than locking up patients in nursing homes is one that experts say holds promise.

Support Network 

 

As families struggle with their loved ones at home, businesses are also striving to adapt as shoppers age. Dementia patients tend to buy the same products over and over again, said Kimika Tsukada, a manager of social affairs at Aeon Co. (8267), Japan’s largest retailer. They open food packages in stores, eat without paying, and get lost in shopping malls, Tsukada said. 

Banks also pose a challenge for forgetful seniors. Elderly customers forget PINs for ATMs or where they’ve put passbooks, said Yuriko Asahara, for two decades a Tokyo suburban branch manager of Japan Post Holdings Co., the country’s biggest holder of bank deposits. Asahara recalled a 76-year-old woman who lost her passbook nine times in a few weeks. She has been regularly accused over a 20-year period of stealing money by another woman now in her 80s. 

The growing number of elderly with dementia wandering Japan’s stores have resulted in some unusual caregiving arrangements. Asahara sometimes helps customers who’ve lost their way get home. Or she helps them replace missing keys, or decipher complicated utility bills.

Both Aeon and Japan Post Holdings have programs to teach sales clerks and staff how to handle customers who show signs of dementia. Retail and bank employees are among the 5.4 million Japanese who have taken the government-funded courses.

Aeon’s training program, which began in 2007, has trained about 10 percent of the retailer’s 400,000 employees, Tsukada said. Mizuho Financial Group Inc. (8411), among the country’s largest banks, required all of its 1,400 floor clerks to take a class in dealing with customers with dementia. Sumitomo Life Insurance Co. had a quarter of its 40,000 employees learn about the condition.

“It’s time for communities to step in and help out,” said Sugawara, the government program’s director.

As the years have passed since Asayo first began her walks, her Osaka neighborhood of Kitahama has become an informal support network. When Shigeo Asai, 75, the building manager of Akiko’s apartment house, spots Asayo in an elevator on his monitor at, say, 6 a.m., he invites her into his office for a chat. The small talk makes her smile and she then often returns to her apartment, he said.

Asai has also taken to telling other tenants about Asayo’s dementia. He encouraged youngsters in the building to greet her and spread the word to their parents, who now also help if necessary, he said.
“Akiko let everyone see how hard it is to live with her mom,” said Asai, whose elderly sister was recently diagnosed with Alzheimer’s disease. “That’s why we help. That’s the way to go. It can happen to anybody.”

Keiji Hori, 67, who owns the Rivoli cafe a block away, looks out for Asayo when he opens to serve breakfast at 6 a.m. He often sees her by herself with a bag on her shoulder.

One recent morning, he invited Asayo in for a cup of coffee and toast until her daughter came to look for her. He took an interest after spotting Asayo yelling at her daughter, whenever Akiko tried to follow her.

“I see her daughter does a lot for her mom and I came to respect and support her when I can,” said Hori, who has run the shop for more than 30 years.

Other locals are also keeping an eye on Asayo. The area has bars, cafes and restaurants open from 6 a.m. to as late as 3 a.m.

“You’d think people in cities are busy and cold, but they are so heartwarming and helpful,” said Akiko. “They watch out for my mom.”

Asayo’s Life 

 

Asayo, a former nurse and housewife in an Osaka suburb, was diagnosed with Alzheimer’s disease, the most common form of dementia, almost 10 years ago, at 77. Her husband, Masao, had died six years earlier and she had become depressed, stopped cooking, and lost weight, Akiko said.

For four years Asayo managed to live by herself. Then her condition worsened. She constantly rang her neighbors’ doorbells, searching for random children and her dead husband. She restocked far more mayonnaise and bananas than she needed, making piles in her kitchen. A tidy person all her life, Asayo cluttered her living room with cardboard boxes. When she tried to withdraw cash at her bank, she lost her temper, ripping apart her passbook in front of the teller. 

In 2005, when Asayo was diagnosed with Alzheimer’s, Akiko was so distraught she bought a pack of cigarettes, lighting up for the first time since quitting smoking six years earlier.
“Mom would tell me she was fine living alone and that she was eating well, so I believed her,” Akiko said. “That was wrong. I shouldn’t have believed her.”

‘Felt Ashamed’ 

 

Asayo at first refused to move out of her two-story house in a suburb of Osaka, where she had lived for more than three decades. When Akiko finally convinced her mother to move in, she locked Asayo in the apartment to keep her safe.

That didn’t keep Asayo from sneaking out in the dead of night. Asayo could never remember where she lived, but she could always give her name to police.

“I felt ashamed to pick up my mom from police stations,” said Akiko who works at home as a freelance editor and runs an art gallery above her living quarters.

Asayo’s dementia had progressed to the point where many Japanese doctors would prescribe medication and send her to a hospital. In Japan, about 12 percent of dementia patients live at mental hospitals, partly because general practitioners, nurses and even nursing homes don’t have enough knowledge or resources to handle them. That compares with less than 1 percent in the U.K. and France.

Physical discomfort, large crowds or unfamiliar faces can make dementia sufferers aggressive, according to the Chicago-based Alzheimer’s Association.

Doctors prescribe treatments such as antipsychotic drugs including Bristol-Myers Squibb Co. (BMY)’s Abilify and AstraZeneca Plc (AZN)’s Seroquel. They’re used to prevent patients from harming themselves or their caretakers, said Ronald Petersen, director of Alzheimer’s Research Center at the Mayo Clinic.

Asayo had been turned down by two daycare centers because of her urge to go outside and her tendency to slap people. On a third try, she was accepted into a three-day-a-week program. That still left long evenings and nights with both mother and daughter holed up in Akiko’s duplex apartment.

The day Akiko relented and opened the front door started out in the usual way. Asayo had been jiggling the door, wandering around the apartment, demanding to be let out for an hour. After Asayo dashed out, she walked for four miles nonstop, said Akiko, who followed her.

Rediscovering Freedom 

 

After that first walk, something remarkable happened. As Asayo rediscovered her freedom, her anger disappeared and her mood lightened. She was laughing, flirting with strangers and regaling her daughter’s friends with tales of her youth.

“Letting her wander saved us and made us happy,” Akiko said. “It was unbelievably disturbing and stressful to keep my mom in the house.”

Akiko shut her gallery for several months and followed Asayo everywhere. Life, if far from perfect, was immeasurably better than during the endless afternoons and nights when both felt trapped inside.

“We got exercise, we were around other people and we stopped driving each other crazy,” Akiko said.

Then Akiko took another chance. She cut out many of the drugs her mother took for Alzheimer’s, diabetes, hypertension, high cholesterol and thinning blood. Asayo became more tranquil.

“There was a risk that her disease would progress,” Akiko said. “But I thought it would make both of our lives much easier if she calmed down, even if her memory were lost.”

Asayo is down to a few pills for hypertension and elevated cholesterol levels. She no longer takes Aricept, commonly used to slow the progression of the memory loss. It has side effects, including nausea and diarrhea, in 20 percent of people who take it, according to the Mayo Clinic.

Side effects may have also played a role in Asayo’s agitation and violence, said Steve Iliffe, professor of Primary Care for Old People at University College London.

“Patients can’t understand or express what they’re experiencing,” Iliffe said. Akiko “was right to do that,” he said. “That’s quite bold.”

There were still bad days, like when Asayo wandered in and out of the house for 12 hours before entering a high-end Italian restaurant. In front of the other diners, she called her daughter “a smuggler” and demanded a waiter call the police. Akiko grabbed her 5-foot, 99-pound mother, who fought back, and dragged her outside the restaurant. 

“You can’t imagine how much energy she has and how robust her physique is,” Akiko said, pointing to her and her mother’s calf muscles, fit from all the walks together. “She looks refreshed and walks the same distance the next day. She’s lost her sense for pain. I find it really hard to keep up with her.”

Wandering Alone 

 

Wandering is common in dementia patients, experts say. About six in ten people with dementia may not remember names or addresses, and they can become disoriented, said the Alzheimer’s Association. While it can be dangerous if unsupervised, walking helps calm down agitated patients, Iliffe said. 

“Walking is therapeutic and helps reduce disturbed behavior and sleep,” he said.

Wandering alone, though, remains controversial. Many doctors don’t like the idea that patients are at risk of physical injury. Social workers counter that everything should be done to allow patients to safely do what they want to do.

“The best interest may be you do lock the door,” though not necessarily always, Iliffe said. “We all take risks in some way and are managing risks, so it’s about how much risk can we tolerate for somebody who can’t remember where they live.”

Teaming With Police 

 

Asayo has tried to walk to the port town of Moji, 260 miles west, where she grew up, the youngest of four children. Later she moved to Kasugade, three miles west of Osaka, where she was a live-in nurse as a young woman and helped to treat wounded World War II soldiers or prostitutes infected with syphilis. She has tried to walk there, as well.

To get to these places of her past, Asayo has asked businessmen and teenagers with punk rock hairstyles to point her in the right direction. She has also hailed taxis: Akiko estimates she paid as much as 5,000 yen ($48) for drives that often end at the police station.

Teaming with police was another turning point. Akiko no longer considers it demeaning to end her day with a visit to the police, upon whom she’s grown increasingly dependent. She feels comfortable letting her mother wander knowing police are keeping an eye out for her, she said. Asayo has been brought to all of the eight police stations within a 1.5 mile radius of their house.

No Protection 

 

In Japan there are no laws protecting people who lack the capacity to make decisions. Both they and their caretakers can be sued for damages. About 115 dementia patients died in train accidents in the eight years ending in 2012 and some of the victims’ families have been forced to pay damages to the railroads, according to an investigation by Mainichi newspaper, based on government statistics on train accidents and police records.

In 2007, a 91-year-old man suffering from dementia in Aichi prefecture in central Japan slipped away from his wife and his daughter-in-law, wandered across railroad tracks and was struck and killed by a train. The family was sued for 7.2 million yen ($67,000) in lost ticket revenue by the Central Japan Railway Co. (9022)
 
The court ordered the family to pay the full amount, because the family failed to prevent the man from wandering, according to court records. The case was appealed to High Court, which reduced the payment by half, holding only the 85-year-old wife, and no other relatives, accountable.

New Phase 

 

Asayo hasn’t sustained any serious injuries so far, though she has cut and bruised her face after tripping and falling on the street.

Though her memory isn’t returning, Asayo is reveling in a new phase of her life. When she isn’t wandering, she’s regaling shopkeepers and restaurant workers with yarns about her relatives, and the doctors and nurses she once worked with. She talks about her daughter’s love affairs, real or imagined, and asks about the husbands or boyfriends of any woman listening.

Whether true or not, her stories make people laugh, encouraging her to talk even more, Akiko said.
“She is like an actress or clown on stage. She loves getting attention,” said Akiko. “I am horrified to think that I might never have known this side of my mom.”

On a recent day, Asayo was at daycare from 9 a.m. to 5 p.m., coloring pictures, solving quizzes, bathing and eating meals and sweets with 20 other elderly people. About 90 percent of the cost is covered by the government’s universal long-term care system. The out-of-pocket bill, which comes to about 60,000 yen a month, is paid by Asayo’s pensions and her savings, Akiko said.

Asayo refused to have lunch with a group of elderly women and sat at a corner table with a man in a wheelchair who held his lips and turned his face when he was spoonfed by a nurse. As Asayo munched her sautéed pork and a bowl of rice with her chopsticks, she encouraged the man to eat -- to make his mom proud.

The next day as soon as she returned from daycare, Asayo started jiggling the door, going up and down the stairs from the living area to the gallery, mumbling and calling for her dead cat Jeff. She wanted to escape to a friend’s place in the mountains. No one should worry, she said, because she’s a skilled worker and can get a job.

After Akiko opened the door at about 6:40 p.m., Asayo stormed out into a heat wave of 34 degrees Celsius (94 Fahrenheit). Humidity and heat filled the air as businessmen dressed in white shirts and suit slacks queued in front of bars for after-work drinks. She roamed around, calling her daughter a thief, demanding she go away, and crossed busy roads against traffic.

After 40 minutes, Asayo finally agreed to sit down at a restaurant. She sipped a sweetened ice coffee through a straw and ate the toppings of a margarita pizza with chopsticks. She pointed at two waiters and insisted they were Akiko’s boyfriends.

At about 8 p.m., she followed Akiko home, took off her top, and changed into a yellow, cotton pajama dress, which she wore inside out. She tossed two butter ball candies into each cheek, put four more in her pockets, sat on a red leather couch and waved a paper fan.

Asayo fell asleep without brushing her teeth, her trousers and glasses still on and the fan in her hand.
Akiko doesn’t press her to do things differently and leaves Asayo alone for the most part.
“Her remaining life is short. She should live happily as her mood dictates,” Akiko said. “I try not to stress us both by caring for her perfectly.”

Enriched Life 

 

At 8 a.m., Akiko wakes her mother up, and sends her to the daycare. Akiko works, cleans the house, shops for groceries, and, when Asayo is back, she cooks dinner and listens to her mother’s constant banter.

“It was really hard at first, but I gained a lot from having her around. I’ve somehow lost a desire to do things for myself,” Akiko said. “She forced me to become an adult. I don’t really want to admit it, but my mom’s illness enriched my life.”

One of the many unexpected benefits of the new arrangement: the new friends in Akiko and Asayo’s lives -- neighbors, restaurant owners and policemen.
Akiko hopes to keep her mother home for as long as possible, she said. And she has learned to let go of the day’s tensions.

“You fight one day, Mom forgets it all the next day, turns into a charming lady and makes me feel silly for letting it get to me,” Akiko said.

“She lives in the present, forgets the past and can’t think of the future, so I try to be that way too.”



Wednesday, 26 May 2021

Dementia Is Scary!!!

This morning read the case of police officers and dementia woman at Yishun and reminded him that dementia is scary and can be unavoidable!

Uncle8888 has been through with his late parents-in-law with Dementia and more understanding and alerts to elderly folks and try to help whenever he could help.

More folks should watch out for those dementia and try to help them if possible. 

Hopefully; when Uncle8888 is one of those dementia folks and kindness may come to him.

Uncle8888 is paying forward!

Read? Blog posts relating to Dementia


Thursday, 17 November 2011

For how long can we control our mind? Don't need to talk about investment!

Just for Thinking ....

Dementia is a loss of brain function that occurs with certain diseases. It affects memory, thinking, language, judgment, and behavior.



Read? Dementia

I saw what can really happen to a person who has dementia; and for older folks like me should include it as part of financial planning. How can a family member take over my portfolio when sign of dementia is showing up.

This is what happened today.

My mother-in-law tapped her ezlink card at MRT gate and went out first. I followed closely behind her. As she was slow in walking through the gate but I was quick to tap my ezlink card and caused the card to fail. I tapped again but still failed. So I went to the control room but the staff was busy on the phone and I have to wait for him.

I could see my mother-in-law looking quite lost from a distance when she realized that I was not behind her. She nervously looked around and searched for me. At last she realized that I was inside the MRT station. She tapped her ezlink card and came in again.

Dementia can happen to any old folks so we need to consider it as part of financial planning.

Wednesday, 31 July 2013

For how long can we control our mind? Don't need to talk about investment! (5)



Read? For how long can we control our mind? Don't need to talk about investment! (4)



Three in 20 elderly Singaporean Chinese suffer from dementia or cognitive impairment

 

THREE in 20 Singaporean Chinese over the age of 60 suffer from cognitive impairment or dementia, according to a new study by researchers from the National University Health System (NUHS).

In particular, those with high blood pressure, diabetes, and high cholesterol levels were at risk of developing cognitive impairment problems, the study found.

Researchers studied about 1,200 people for dementia. They also looked out for signs of cognitive impairment, which includes symptoms such as memory loss and difficulty in executing simple tasks like following recipes or keeping track of bills.

A similar study will also be done on Malays and Indians, to provide a better understanding of dementia in Singapore as a whole.





Saturday, 26 August 2017

Dementia : Financial Planning???


Read? Application forms for Lasting Power of Attorney simplified, registration fees waived


Once into dementia stage; we will slowly and slowly don't know how to count money anymore. What is money har?

Uncle8888 knows very well as both of his late parents-in-law were dementia.

Read? Blog posts on Dementia


The question is for us to seriously think and ask ourselves. 

Who will be your trusted and younger ones who will be there to protect you?

No trusted and younger ones?

If you are rich enough to have some money lying around; it is matter of time; some strangers will become close friends to help you to spend your money. That stranger may be your domestic helper in your own home.






Thursday, 30 July 2015

Dementia: Lost and Found Again and Again!!!


Until you have personally witnessed yourself; you will never want to think for yourself.


Dementia: Lost and Found Again and Again!!!


The only reason ...


They still have their loved ones with them to take calls from the kind strangers who have noticed them wandering around and care to check on them for identification and contact numbers.


Once dementia; no amount of money can help you as you don't know what is money.

Watch? Going Home (A short film on Dementia)

 

Monday, 3 November 2014

Retiring in overseas at much lower retirement costs???



Probably those folks talking about it don't have personal experiences living with parents or grand-parents who are dementia so they think that they will NOT become dementia one day.

Anyone think that when they are dementia they can survive in overseas without any next-of-kins with them?


Saturday, 24 August 2019

When the pursuit of wealth does not bring happiness


When the pursuit of wealth does not bring happiness

The original goal of a happy retirement free from financial worry is replaced with a host of other concerns

IN almost three decades of managing money, all our clients had targets to grow their wealth by multiples. Clients with $2 million targeted about hitting $10 million and retiring. The ones with $10 million had ambitions of retiring with $200 million. The ones with $200 million wanted to become...

Read? Dementia : Financial Planning???

Now we as investors or traders ....





















When we become dementia ...













The question is for us to think ...

Can we voluntarily "dementia" and stop checking the market?


No more mental or emotional stress over falling portfolio value.























































Saturday, 12 July 2014

Application forms for Lasting Power of Attorney simplified, registration fees waived


Read?  Book: Mental Healthcare Of The Elderly


CW8888: Dementia is real and can happen to us.

Even you have $XXX,XXX or $X,XXX,XXX passive income also no use as you don't know what is money. How to manage your money?



We need  Lasting Power of Attorney (LPA).

After seeing my late FIL and now my MIL in the state of dementia. It can only get worse. It is terrible scary!

 
Don't just pray, pray! 

Take action in Sep this year.





SINGAPORE: The government is trying to encourage more Singaporeans to make an application for a Lasting Power of Attorney (LPA).

That's when one legally appoints another person to make decisions and act on his behalf, in the event he's mentally incapacitated.

Forms have been simplified, taking away legal and technical jargons, and the $50 registration for applications have also been waived for the next two years.

Applicants though will still need to pay professional fees charged by LPA certificate issuers, such as accredited General Practitioners and lawyers.

Fees for this cost at least $50.

However, registration fees still apply if an applicant needs to customise his LPA.

To make it more convenient, SingPost will offer free postal service for the submission of forms, also over the next two years.

The changes come after feedback about the LPA, since it was launched four years ago.

The new initiatives kick off from September this year.


So far, over 6,000 people have made applications.

The LPA was introduced as part of the Mental Capacity Act, taking into account Singapore's ageing population.

The aim is to get people to plan ahead, while they still can - to identify a trusted person they can rely on, to settle their affairs, should they ever lose their state of mind.

This could be if dementia strikes, if a person has a stroke or if he suffers head trauma, as a result of an accident.

Without an LPA, there is often a long and cumbersome court process involved, when decisions on personal welfare or assets have to be made, for a person who's lost his mental capacity.

Sunday, 25 March 2012

For how long can we control our mind? Don't need to talk about investment! (2)

Read? For how long can we control our mind? Don't need to talk about investment!

What we see in our TV ads on dementia may be quite mild. This is what I see in my dementia mother-in-law ..

  1. She went out for a stroll in the nearby areas and came back home bare-footed without her shoes and not even knowing that she was not wearing shoes.
  2. How about wearing three socks on one leg and two socks on the other leg and at same time wearing two long pants.
How can we prepare ourselves? Scary man!!!

Wednesday, 2 April 2014

Book: Mental Healthcare Of The Elderly

Mental Healthcare Of The Elderly



In recent years, Asian countries have begun to rethink, reorganise and introduce innovations to improve their mental health services. Mental Healthcare of the Elderly contains some of these new ideas and is a primer for health professionals who are involved in the care of elderly people with mental health problems like depression and dementia.

Read? For how long can we control our mind? Don't need to talk about investment! (5)
 


CW8888:









Lucky, we are Asian!


Uncle8888 has been reading more books on aging and researching into the next phase beyond financial planning for retirement income for life.

The Mind.

The same Mind in the three M's of investing - Method, Money Management, and Mind.


Dementia is scary as the mind is failing at the rate that we are not even aware. It can only be pick up by our family members.

Body is still working but mind is failing. When Body is failing and Mind is still working, we can use our money to buy help. 

When Body is still working but mind is failing; we may not even know how to get help. Lots of money in the bank also useless.


Nowadays, Uncle8888 has realised that his three children are actually "hedges" for his spouse and himself.

Hedge can end up with good value or worthless. That is the nature of hedging; but at least, he and his spouses has more hedges than the norm.

The risk of failing hedge will be lower.









Friday, 4 September 2015

100% in your investment for passive income - stocks or properties???


Not for Uncle8888; he is super kiasi and kiasu he follows Singapore's National Water Taps solutions!

His Three Taps solutions for his Sustainable Retirement Income for life. He can sleep without nightmares over market cycles. He doesn't depend on his investment income for survival for long, long time till his 80!

Dementia. How?

Hope his children will learn from him as he has set good example of taking care of his mother-in-law during her dementia life.


Thursday, 26 February 2015

No Kids? Better to be nice to your nephews or nieces!!!


 Another case that was exposed by their nieces!

Read? Cleaner, 70, conned into handing over salary for 15 years


No Kids? 

Better to be nice to your nephews or nieces!!!


One day, many of us will become dementia. How can we stop those evil eyes on our money?

Get it?


Thursday, 23 March 2017

Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk) - 2


Read? Roaming The Streets Of Singapore With BMW (Bus, MRT, and Walk)


Read? Financial Independence : Withdrawal??? Passive Income > Living Expenses??? (2)

With this surgical operation to fix the Hernia; Uncle8888 confirmed this thinking as below:

With Uncle8888's eyes wide open with an unhurried mind; what he actually saw and got him thinking and thinking ...

What is physically external to our body; we can do something preventive to at least slow down the weakness; but what is internal in our body; we can't really do much. Even with stronger financial resources; it doesn't really help.

Our organ and tissues inside our body. Our mind - Dementia!!!

Scary thought!


Doctor told him that it is hard to pin-point the root cause of his Hernia. It could be due to his earlier than expected aging of tissues; his daily pull-up; sit-up; leg-up exercise; carrying of heavier weight or due to the two weeks of chronic cough before he began to notice something was not right. The difficulty of detection of abnormality when there is no pain present to sound an alarm.



Sunday, 21 April 2013

Tuesday, 18 October 2016

8 in 10 Singaporeans worry about growing old: Survey


Read? 8 in 10 Singaporeans worry about growing old: Survey


SINGAPORE - Eight in 10 Singaporeans are worried about growing old, a survey has found.

Topping their worries is whether they can look after themselves when they are old

Financial worries of running out of savings is next, 

according to a survey released on Tuesday (Oct 18).

Nearly 1,000 Singaporeans aged 30 to 75 were interviewed in the survey commissioned by insurance cooperative NTUC Income and philanthropic organisation Lien Foundation.


CW8888 is quite right. Younger ones now, of course can sing song about selling their residential home as retirement fund. May be these folks haven't been talking to their parents or older relatives on feeling of their home of decades.



The survey also found that nearly eight in 10 Singaporeans prefer to grow old in their homes, consistent with the government push to encourage Singaporeans to "age in place", or spend their twilight years in their homes.

About half the respondents were willing to stay at a nursing home, but only two in five were willing to send a loved one there.

The survey found that for those willing to stay in seniors' homes, an overwhelming nine in 10 prefer single or two bedded-rooms that currently do not qualify for government subsidies.

"Aged care facility providers can take heed of the varying preferences shown by the different age groups," said Lien Foundation programme manager Gabriel Lim of the findings.

NTUC Income also launch on Tuesday in conjunction with the survey findings release a new insurance plan that covers senior diseases like Parkinson's disease, dementia and Alzheimer's diseases. The new plan covers policyholders until age 100.



Thursday, 6 March 2014

Book : The Warmth of the Heart Prevents Your Body from Rusting: A French Recipe for a Long Life, Well-Lived



Retirement planning is more than just financial planning - Money Management

Minding part is also critical.

3M's in retirement planning: Method, Mind and Money Management is applicable too.

Uncle8888 has been reading more books relating to ageing.

Dementia is scary!

Got plenty of money also no use!

Hope we have one























Sunday, 12 August 2012

For how long can we control our mind? Don't need to talk about investment! (3)

Read? For how long can we control our mind? Don't need to talk about investment! (2)


Book available from NLB

Reducing Your Risk of Dementia by Dr Tom Smith

Happy reading for retirees!

Tuesday, 1 January 2013

Donkey, Dog, and Monkey years! (2)


May be it is not for Laugh ....


Read? Donkey, Dog, and Monkey years!


That is reality check!!!

Our Life Cycle

We all start of as DEPENDENT, later become INDEPENDENT, and finally the curse of old age will bring us back to DEPENDENT (The second childhood)


But, the second childhood is hopeless and not hopeful!

In our childhood, our parents are seeing HOPE in us. Each passing day, each passing month, and each passing year, our parents are hopeful as they are watching the strength growing in us and expecting better time will be ahead of them.

But, in our second childhood, it is totally different.  Our caregivers  (provided you have caregivers; Singles and DINKS, have you thought about it earlier?) are just watching hopelessness growing in us. In each passing day, it can only be worse. How is worst?



What is the difference between Baby and Adult pamper?


What is your answer?



scroll down for mine





















Baby Pamper: The baby pamper will stay with the baby until you change it.


Adult Pamper: Somehow, it will not always stay with the adult (Dementia) and disappear somewhere and you may have a hard time looking for it.









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