My Mum, Photo taken in Oct 2014, New Zealand, South Island, Hobbit Village
Many Singaporeans like to attend seminars in regard to Investment and money growing strategies like :
- Value Investing – Millionaire Investor Program
- Get Rich Slowly, The Income Investing Way – Blue Chip
- Creating Income Through Property Investment
- Income Creation Using Option
Most Seminars – Don’t Work Closely with you to create Your Retirement Plan.
Indeed, most seminars do product selling, they only want you to invest ($50,000 or $100,000) in their products or pay for their courses which promise you high returns.
After you invest your money, attend their courses and some still require you to DIY your investment, going through all the stress of buying and selling stocks, Futures or Options etc… And I tell you, this is hard and stressful work.
I met a client Age 45, in 2017, he said 3 years ago, he had attended a course which taught him to trade Futures at night. Thinking that it should be ok because he can still concentrate on his fulltime job in the day.
The course promised possible high returns which he was very excited about. If the returns are true, he can retire at Age 50 or even become a fulltime Future Trader in 2 years-time. He did it for one and a half years and lost $30,000. On top of that, he had missed an opportunity for promotion due to his poor work performance because of his night trading which left him with insufficient sleep. He also has some minor kidney issues now because of sleep deprivation.
Another client of mine, Age 65, told me that he retired at Age 63. Wondering how he could retire, he attended a course which taught him how to trade option and promised he that he can easily earn more than enough to take care of his retirement needs. He spent a lot of time every day doing trading for 1 year and lost near to $100,000. And he told me, what he experienced is a very stressful full-time job. Thus, as a Retiree, please do not retire from your fulltime job and get into another Retirement Fulltime Job.
What is the greatest loss from the above 2 examples I shared?
Besides losing money, it is the time that is being wasted doing all the trading. Furthermore, the 45-year-old guy would have neglected his Spouse, Children and Friends. The 65-year-old would have wasted 1 year of his prime retirement time which starts from Age 55 to Age 75. And more importantly they neglected themselves, and that is upsetting.
Today I am going to share with you, the importance of Retirement Planning :
How Retirement Planning can help to Improve your LifeStyle Now while you are still working and more so during your retirement.
Retirement Planning is a process which requires you to work closely with a Trusted Advisor to list out the Goals of your Retirement Needs and work towards realising them.
This process will take years (not months) to achieve the Goals you set. Challenges may come along the way for which you and your Trusted Advisor may have to make constant changes to your Retirement Needs.
In our Retirement Planning, you do not need to attend courses or go through all the stress of buying and selling your investments daily or weekly. You will receive a comprehensive retirement planning strategy that is specially tailored to your needs and desires in which we will work closely with you to achieve your Retirement Objectives.
Thus, planning your Retirement with us allows you to concentrate on building your Fulltime Career and leave you with more time to spend with your family and friends. And when you are retired, then you just retire and enjoy life, spending time and money with family, friends and love ones as well as hobbies and holidays.