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.

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Sunday 9 August 2009

Parents can be an Asset or Liability to the children?


Bill Gates said: "If you born poor it's not your mistake. But, if you die poor it's your mistake."

La Papillion once said: "Parent can be an asset or liability".

How true!.

My deceased parents were definitely not an asset and more of liability. My mum died from cancer at age 42, and my dad was unable to carry on working as a painter due to chronic asthma as the smell of paint made his illness worse so I have no choice to give up going to the University after NS and have to start working to support the family.

So as parents, it is definitely important to start as early as possible in our financial planning to ensure that we have adequate retirement fund to take care of our own living expenses so that at least we are not liability to our children.

I foresee our children are going to have real tough life slogging very hard to earn enough money to purchase a home for living.
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