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The RETIREMENT thread
- Thread starter Leongsam
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4th - shake head!
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Hahaha. All Have lah because that's human need lah.
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Back to retirement topic, what is your idea of reasonable retirement lifestyle? and how much per month are you willing to spend for such lifestyle?
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it depends where the person is staying and also what sort of lifestyle fits him.
If the person stays in sinkieland and love to go to hotel lounge to hang out and loves fine dining, i think about 8k per month for spending is ok.
for humble lifestyle in sinkieland, maybe about 4k is enough.
if you stay in a place where cost of living is modest, maybe sgd 2k to 4k is enough liao.
provided after spending the 4k, you will get back the 4k from your passive income from various investments.
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It's a very personal thing. Different people have different expectations. Some could well get away with a very comfortable life spending only $2000 to $3000 per month.
However, my current lifestyle consumes about $250,000 a year mainly because of I've decided I want to travel comfortably and stay in nice surroundings when I'm away from home.
For example, whenever I'm in Queenstown, my hotel of choice is the Sofitel. It's expensive but it pampers all the senses.
If I switched to budget travel and accommodation, I'd be able to save a shit load of money but then I can't take it with me so what's the point.
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Jangan bedek lah !:o
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It's a very personal thing. Different people have different expectations. Some could well get away with a very comfortable life spending only $2000 to $3000 per month.
However, my current lifestyle consumes about $250,000 a year mainly because of I've decided I want to travel comfortably and stay in nice surroundings when I'm away from home.
For example, whenever I'm in Queenstown, my hotel of choice is the Sofitel. It's expensive but it pampers all the senses.
If I switched to budget travel and accommodation, I'd be able to save a shit load of money but then I can't take it with me so what's the point.
Maybe u can use some of that dough u fling around ur luxurious lifestyle to fund this stupid forum,seeking funding from 3rd party underworld gambling triad could land u in trouble with the law.
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I have not sought funding from any triad. Where did you get that idea from?
If you're referring to banner ads they're all aboveboard. They are paid for via the banking system and I pay my taxes on all the income.
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Just wait till you see the rest of my luxurious pursuits.
Still waiting ..........
Give you a bestest tip, purchase a 5 rooms flat here, rent it out for $3,500/- (105,000bath), you can live like a king in Bangkok. I talk to court furniture salesman, he say good idea.
Twit, try in the grass root first slowly climb up to reach PAP's MP level, work 2 terms make above 10 millions, retire and leech on the pension. give the residual to your daughter for her to purchase properties overseas and keeping the ang mohs. Bestest retirement planning!!!
No comparison to working with LKY. it shown on TV how well the Lee family treated her ( 媽姐 )!
Do you get money from customer to get girl of your recommendation - Do you want the pimp of the white skin bungala girl to contact you? quietly tell you the cost is $30/fook, condom, water, paper, room inclusive, you can charge at least $50/fook for your NZ frens, good margin right?
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Investing for the Long Run: Marketing Timing and how you can use it
Market timing is viewed by many to be risky, hazardous, "best left to professionals", and so on. The layman however can use very simple rules to greatly enhance their portfolio returns.
During the boom times, do not invest all your money at once. Keep a portion in cash or in safe, investment grade bonds. That will enable you to invest heavily when the recession hits and everyone has panicked out of their positions.
You don't have to buy at the exact bottom. No one can. All you have to do is to start averaging in bit by bit over a period of, say, 12 months.
When the market starts to top out again after several years (we are currently at that juncture), you can then sell some of your holdings and wait for the next correction to come. Better still, as the market rises, you should actually be disciplining yourself to take partial profits on the way up. For every 30% rise in the market, sell 5% of your portfolio, or some methodology that you feel comfortable with.
Buying low and selling high is hardly rocket science but it is seldom practiced because people act in herds and give in to the emotions of both greed and fear.
Market timing is viewed by many to be risky, hazardous, "best left to professionals", and so on. The layman however can use very simple rules to greatly enhance their portfolio returns.
During the boom times, do not invest all your money at once. Keep a portion in cash or in safe, investment grade bonds. That will enable you to invest heavily when the recession hits and everyone has panicked out of their positions.
You don't have to buy at the exact bottom. No one can. All you have to do is to start averaging in bit by bit over a period of, say, 12 months.
When the market starts to top out again after several years (we are currently at that juncture), you can then sell some of your holdings and wait for the next correction to come. Better still, as the market rises, you should actually be disciplining yourself to take partial profits on the way up. For every 30% rise in the market, sell 5% of your portfolio, or some methodology that you feel comfortable with.
Buying low and selling high is hardly rocket science but it is seldom practiced because people act in herds and give in to the emotions of both greed and fear.
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this is what happens when you trust your financial advisor too much and put all your eggs in one basket....
http://www.sfgate.com/business/netw...Fargo-broker-banned-from-industry-5511548.php
10 to 14% roi? sounds like a ponzi scheme? your fears are most likely justified.
http://www.sfgate.com/business/netw...Fargo-broker-banned-from-industry-5511548.php
10 to 14% roi? sounds like a ponzi scheme? your fears are most likely justified.
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this is what happens when you trust your financial advisor too much and put all your eggs in one basket....
http://www.sfgate.com/business/netw...Fargo-broker-banned-from-industry-5511548.php
10 to 14% roi? sounds like a ponzi scheme? your fears are most likely justified.
temasek holdings claims annual returns of well over 16% over the past 20 years.
It's a very personal thing. Different people have different expectations. Some could well get away with a very comfortable life spending only $2000 to $3000 per month.
However, my current lifestyle consumes about $250,000 a year mainly because of I've decided I want to travel comfortably and stay in nice surroundings when I'm away from home.
For example, whenever I'm in Queenstown, my hotel of choice is the Sofitel. It's expensive but it pampers all the senses.
If I switched to budget travel and accommodation, I'd be able to save a shit load of money but then I can't take it with me so what's the point.
Wah sam leong is http://richkidsofinstagram.tumblr.com/
minus the kid part
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Is 2 million for 2 enough to retire? My partner and I are working towards that. After we get there, maybe stop working altogether, live anywhere we like in the world. Medical fees for serious illnesses will be taken care of by our current government.
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