Personal Finance
Way beyond Emergency Fund! (3)
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 16, 2013
Read? Way beyond Emergency Fund! (2) Read? Investing Lessons From Conversation With Uncle8888 (1) Two possible ways to become rich. One Recommended approach for the young ones. This approach has the best chance of becoming rich!
  • Work hard and work smart at your job to get more bonuses and wage increments.
  • Get promoted every few years and climb up your corporate ladder.
  • Save more.
  • Invest but you can afford to take an easier approach with wealth preservation investing strategy which is likely to be less emotional. It is easier to execute with your ever increasing account size.
Two Warning!  This can be highly emotional and difficult path to take to become rich from stocks with some saving from your not-so-high earned income through many market cycles of Bulls and Bears. You have to develop your powerful inner Strength to absorb all the hard punches from Mr Market, the Greatest Grand Master of ......
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By Create Wealth Through Long-Term Investing and Short-Term Trading
I am 62 yrs old uncle living in HDB heartland who has achieved financial independence @ 56 and finally retired @ 60 from full-time job as employee on 1 Oct 2016. Single household income since 1995 with three children. Eldest son and daughter are now working and youngest son still in his 3nd year Uni in SUTD. I have been doing long-term investing and short-term trading in Singapore stock market only since Jan 2000 so I am that Panda or Koala in the investment world; but I am still surviving well in the wild. I am now executing my Three Taps solution model to maintain sustainable retirement income for life till 2038. Cheers!
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