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09-05-2014, 10:48 AM
RETIREMENT GOAL - What is Yours?
Many retirement-advice columns emphasize the importance of “not outliving your money.” But saving up a nest egg and hoping not to outlive it is not a strategy. It’s wishful thinking.
Your goal must be to generate sufficient income with the retirement nest egg so you can cover your expenses, and even save money by spending less than you earn. Invest as if you are going to live forever. Why not? There will probably be at least one other person in your family counting on you not to burn through a lifetime’s hard work. With sufficient income, you will face the wonderful “problem,” when retired, of cash piling up.
NB:-
I think this should be the GAOL for all Retirees and Younger Investors too. (The younger you have managed to have a nest egg for investment the better for you)
Even if you don’t have to leave a legacy for someone.
Why leh?
i am still trying, you know!
Many retirement-advice columns emphasize the importance of “not outliving your money.” But saving up a nest egg and hoping not to outlive it is not a strategy. It’s wishful thinking.
Your goal must be to generate sufficient income with the retirement nest egg so you can cover your expenses, and even save money by spending less than you earn. Invest as if you are going to live forever. Why not? There will probably be at least one other person in your family counting on you not to burn through a lifetime’s hard work. With sufficient income, you will face the wonderful “problem,” when retired, of cash piling up.
NB:-
I think this should be the GAOL for all Retirees and Younger Investors too. (The younger you have managed to have a nest egg for investment the better for you)
Even if you don’t have to leave a legacy for someone.
Why leh?
i am still trying, you know!
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.