Personal Finance
SRS – Annualized Return Over 3 Years!
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  November 29, 2015
Since Uncle8888 is retiring next year in 2016; and with no more wife and children tax relief for Assessment Year 2015, he decided to open his SRS Account with DBS and top up $12,750 to get some tax relief. He was given $50 SRS Cash Rebate for this SRS Account opening. Together with his small tax saving and $50, he will annualise it over three years as Return since he plans to withdraw the full amount of $12,750 (hopefully more) at 62. At the same time, he will need to look for one yield stock to invest soon as the interest rate in SRS Account is really suck! But ... his real Total Return over 3 years may turn out to be negative so he has to be wise enough not to lose his hard earned money for this SRS Top Up. He observed that people tend to be more eager ......
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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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