Cheat Sheet For Long Term Investing

We have all heard that one needs a lot of money to retire in Singapore.  The truth is, it is possible to retire with less (money), if you can moderate your expenses and have passive income.  My wife and I are in our 50s and are now semi-retired. We can afford to retire fully but, we still have energy to work so we work part time. In case it may help others, below are the things that have helped us go into retirement. 1) I am a Singaporean and my wife is a permanent resident. We enjoy subsidies from the government. 2) We bought an HDB flat (public housing) that we have  paid off fully before retiring.  3) We rented out a spare room to give us passive income. 4) As much as possible, we eat in hawkers and kopitiams where the food is cheaper, and we sometimes cook. We reserve eating in restaurants for special occasions. 5) We go to GPs, polyclinics and government hospitals, where healthcare and medicines are cheaper. 6) We don't buy goods and services because...

At different stages of our adult lives we will have different levels of disposable income as well as different needs. Hence, what we spend our disposable incomes on will depend on the stage of life that we are at. How much to spend on a particular item depends on how much you can afford. At the beginning of our careers, it would be prudent to buy health insurance unless you are working for somebody and your employer provides insurance.  If you plan to have a family in the future, it would be good if you buy life insurance beforehand as the premium is cheaper when you are younger. Note, life insurance has a cash value. When you don't need a life insurance anymore such as when all your kids have grown up and you have enough savings and investments to support you for the rest of your life, you can surrender your life insurance for its cash value. After insurance, the next thing that you should save for is an emergency fund. The size of the emergency fund depends on how muc...

One way to become rich is to emulate those among the rich who have been able to amass wealth and maintain it. Below are some of their common characteristics: - the rich value profits above almost everything else - the rich are always on the lookout for new opportunities including opportunities during declines - every transaction/relationship must provide, lead to, or protect profits -  the rich do not give anything for free - the rich grow their businesses and investments - the rich invests other people's money (opm) such as loans, largely in profitable businesses - the rich invest opm in property, which appreciate in value over time and can be rented out to generate income - the rich invests their wealth in assets that appreciate over time like gold, jewelry, art,  etc. - the more they have the more opportunities are available to them to increase their wealth - the rich have no loyalty - the rich are not attached to their businesses and assets. They switch busines...

For those looking to invest in financial products for the long-term, or those who want to maximize the returns on their savings, but don’t know where to start, I have compiled a straightforward set of tips of what to buy, when to buy and when to sell to help achieve those goals.  Safest Stocks to Buy    The safest stocks to buy are blue chip stocks. They appreciate in value over time and pay dividends.    Blue chip stocks are shares of very large and well recognized companies with a  long history of sound financial performance.       Dividends are a sum of money paid regularly  by a company to its shareholders out of its profits (or reserves).  These are typically distributed annually.  Examples  *   The 10 biggest blue chip stocks  Stock Market Cap 10-Year Total Return  Microsoft (NASDAQ:MSFT)  $1.06 trillion 690%  Amazon.com (NASDAQ:AMZN)  $985 billion 2,490%  Apple (NA...