Why Uncle8888 didn't hurry his children into investing and rather OK to let their money rotten by inflation?
Investing is all about market timing and time in the market.
Up to you to believe!!!
Investing near market top can be depressing even we keep telling ourselves we are steady.
Don't worry!
We are investing for long term.
BS!
There is one thing he did it right! He never at any time doubt himself and gave up his Investing Goals but keeps learning, DE-learning and re-learning...
Your discipline in staying the course, haha….( time in the market) enables you to be where you are today. For 40 years, even if you leave it in CPF OA for the measly 2.5%, the end state will be tremendous, what more you leave them in the stock market( blue chips, please)for the same duration.
Leaving it in stock market for forty years requires a lot of discipline. For CPF, it is enforced discipline, so it is easier to keep them. On our own, discretionary discipline to stay the course requires humongous effort. Stocks are elastic as it requires only T +3 days to liquidate. After cash, it will be the next tier to succumb to contingencies.
Enroute in life, there will be many distractions; from temptations to sell out to buy a property, a car, sponsoring your children overseas education, or lending a needy kin or love one or even for a parent’s operation/hospitalization. So those using share investment for retirement saving can be fraught with much difficulties.
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Many things in life are not written in our script. Many exigencies are not fore-seeable, hence not forestall able. No one budget a loan for a close friend or love one in financial hardship.
Investing in property assets are easier, once it is committed, it is inelastic. So when a sobbing love one comes a-begging, we can’t take ten pieces of bricks from a wall as love money? In stocks, we can!
Just my 2 cents. Cheers!
Fred.