Today woke up late at 9am.
Teeth haven't brush, face never wash, first thing I did was to see if I can pick a "fight" with my nemesis. Or in K-pop or J-pop's England, my "rival".
(What? If aunties can watch K-drama I cannot meh? )
One thing led to another; I also don't know how it led to me thinking do I still want to be in equities in my 70s to 80s?
I've noticed in my investment/trading journey, I've morphed and adapted to changes in my investment life cycle - if there's such a thing.
For example, I started out (as with most newbies) playing penny stocks. Now I don't.
Equities and cash were once upon a time the only 2 asset class I dabbled in. Now it has expanded to different asset classes and even "instruments of mass destruction".
From paying in full with cash to margin accounts, to now using leverage of up to 10 to 1. (Don't try this at home without parental guidance.)
I was thinking, will I want to be messing with all these shebangs into my 70s and 80s?
OK, trading to achieve that I can keep with a small account. It's like mahjong; to keep my mind active and dementia away. Not to worry.
Is there an asset class that's less volatile and "exciting" to the heart?
Can you imagine me living off dividend stocks in my 80s going through 1997 and 2008 all over again??? OK, maybe you are more optimistic on your heart condition than me...
I think I'm leaning towards a 2nd investment/rental unit that's paid in full during my "happy years" (乐龄 - now that's a good euphemism!）
I mean it can be good exercise to walk every month to my tenant and bang on doors, "Collect rent! Pay up!"
Also, if I move on, I think it's a lot simpler and easier to inherit property - something that can see, feel and touch - than a portfolio of arcane asset classes?
Unless of course you are super confident the persons you bequest to have the same financial literacy and investment acumen as you.
I don't know.
Just saying...
Singapore Man of Leisure (welcome to my blog; just google it!
