As from April 2013 my Journey in Investing is to create Retirement Income for Life till 80 years old for two over market cycles of Bull and Bear.

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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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

Friday, 25 December 2009

Home for Living and not for profit taking - Part 2

Read? Home for Living and not for profit taking

I happened to meet this ex-neighbour again. I am not surprise that he was retrenched last year, and now he is a full-time Taxi Driver.

I believe now he will have a harder time keeping up with his housing loan. The lesson learn:  Never under-estimate the risk of losing your job in the future; and it is not wise to use your residential home as a profit taking financial instrument or product.

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