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Reliable conglomerates in an unreliable world
By Create Wealth Through Long-Term Investing and Short-Term Trading  •  January 20, 2021
Read?  Reliable conglomerates in an unreliable world WHAT must it be like to own a business that could do well under any economic condition? It could be a bit like running an ice cream stand that also sells umbrellas. It does not matter whether it is sunny or pouring with rain - the tills should keep ringing, regardless of weather conditions. Owning shares in a conglomerate is a bit like being a shareholder of that canny ice-cream vendor. Conglomerates are made up of unrelated businesses in which they have stakes - and often quite significant stakes. The key is that these separate subsidiaries should operate independently. That said, the parent company, often because of its considerable ownership in them, will probably want to have some input into how they are run. There is something else that is appealing about conglomerates. They can access capital, even when market conditions might be unfavourable....
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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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