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!


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Monday 26 May 2014

Many S'poreans doubt they can retire at desired age: Aviva survey


SINGAPORE: More than half of Singaporeans (54 per cent) say they would like to retire before the age of 60, but only a third (36 per cent) believe they will actually be able to do so, according to a survey by insurance firm Aviva.

The study also shows that there is a gap between how much Singaporeans think they will need for their retirement and how much income they will actually have.

Fifty-six per cent of respondents believe that they will need S$2,000 to S$6,000 per month to maintain an adequate standard of living.

However, 48 per cent say they will actually have less than S$2,000 per month based on their current financial plan for retirement.

The survey also shows that Singaporeans continue to save in great numbers.

More than 90 per cent say they have some form of savings in place, and more than half (56 per cent) say they have started saving specifically for retirement.

Aviva said it is important to be prudent and careful in financial planning.

“Continue on the path in terms of getting adequate advice, start saving early, understand the gap that you have in terms of what your aspirations are, find out where you are, and then decide and prioritise what you want to do in life,” said Daniel Lum, director of Product and Marketing at Aviva Singapore.

The Aviva Consumer Attitudes Survey was conducted in 13 countries around the world, and included 1,000 respondents in Singapore. 

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