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
Dividend/Income Investing
Technical Analysis and Charting
Stock Tips

Wednesday, 14 December 2016

Financial Independence : Withdrawal??? Passive Income > Living Expenses???


Financial independence?

How many investment bloggers got it practically right? 

Many of them has failed to recognize this and THIS itself will screw up your withdrawal plan in big way? 

Where is your money for SOME upfront payment?

Read? healthcare insurance

Quote : "At best, if you have private healthcare insurance and intend to make use of the private hospitals or approved clinics, you should view your insurance plan as a reimbursement plan.... you have to pay upfront first and your insurance company hopefully will pay you back ( yes, there will be clauses in your insurance plan to allow them the flexibility of reviewing all charges before paying you back). Payback time is also up to the insurance company."


Why Uncle8888 used Three Taps Solution model as sustainable retirement income for life even he has medical insurance coverage?

Cash is King!

Get it?

Financial independence is passive income > living expenses and safe withdrawal rate e.g. 3% or 4% and investment return beating inflationary rate?

Chun bo?







1 comment:

  1. Many may like to think once they have private medical shield they can enjoy private medical care and have the MONEY to cover them. This blog post may be a wake up call to some of them. Where is the cash for payment?

    ReplyDelete

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