The RETIREMENT thread

[learninsin]

Retirement - what does it mean?

In my books, retirement isn't doing nothing. It's doing what you want to do rather than because you have to earn a living performing a task which may or may not bring you any satisfaction.

In order to do as you please, (within the boundaries of the law of course) rather than what you are being paid to do, you first need to achieve financial independence. This term causes much confusion too. I take it to mean what it says... ie that you no longer have to depend upon regular employment in order to fund your lifestyle. You are independent of others and are not beholden to any organisation or person when it comes to money.

Everyone is different so there's no fixed threshold that defines what financial independence is. What's enough for me may well be far too little for you. More of that later.

How is financial independence achieved?

1. Saving as much as possible with the hope of achieving your goal. (very difficult to achieve in this day and age)

2. A combination of saving and investing in the enterprises owned by other people. (better than just saving but not ideal)

3. Investing in yourself and creating wealth on your own. (The best method of all and in my opinion, less risky than investing in 3rd parties)

Totally agree with ya. Any tips on high potential industries to focus in the next 3-5 years?

 

[Leongsam]

Totally agree with ya. Any tips on high potential industries to focus in the next 3-5 years?

I'm out of touch. I've been retired too long to be up to date on the latest trends. You have to ask the Millennials not an OK Boomer.

 

[Asterix]

One retirement tip - look out for the brand of car this fella drives. Leongsam will like it.

 

[Leongsam]

One retirement tip - look out for the brand of car this fella drives. Leongsam will like it.

Nothing but the best!

 

[nayr69sg]

One retirement tip - look out for the brand of car this fella drives. Leongsam will like it.

Lazy ass Canadian in Regina! LOL!

 

[Asterix]

Nothing but the best!

This girl will be my ideal soulmate - day trader, straight talking, pole dancing lesbian, frugal and drives the most reliable car in the world ...

 

[Datingafter35]

Nothing but the best!

Hi. I would like to ask you about your opinion in holding on to US airlines stock. Correct me if I'm wrong. You did bought NZ airlines? I have a small stake in DAL because Warren Buffet invested. Recent AGM reveal that he is now all out of airlines shares.

Should I too swallow my pride and take my losses?

Regards

 

[Leongsam]

Hi. I would like to ask you about your opinion in holding on to US airlines stock. Correct me if I'm wrong. You did bought NZ airlines? I have a small stake in DAL because Warren Buffet invested. Recent AGM reveal that he is now all out of airlines shares.

Should I too swallow my pride and take my losses?

Regards

I bought Air New Zealand because it is 51% owned by the NZ government so there is no way it can go bankrupt.

DAL may be a different story altogether but I am no expert and Warren Buffet certainly is a lot better at investing than I am.

Taking losses is fine if you can then use the money to buy something else which should help your recover your losses and then some.

 

[Datingafter35]

TSLA stock split by August. Good or bad?

 

[rushifa666]

If you had bought delta people already sold off after that one burst. Why follow buffet? He has money to wait . Do you? Before this twitter was the fast break

 

[kulgai]

This girl will be my ideal soulmate - day trader, straight talking, pole dancing lesbian, frugal and drives the most reliable car in the world ...

Actually day trading is a very stressful and risky job. Might as well buy some crypto coins, sit back and watch it explode within a few years. She would be able to retire in no time.

 

[tobelightlight]

This girl will be my ideal soulmate - day trader, straight talking, pole dancing lesbian, frugal and drives the most reliable car in the world ...

are you a woman too?

 

[revengeriches]

are you a woman too?

Lesbian then can fulfill 3some fantasy with woomen ma

 

[revengeriches]

Buy insurance for your siao san, wait 2 years. Kena cancer (very easy if you know how). Retire in 2 years. Move into landed and can have small four small five. Want? DM me

 

[bart12]

 

[bart12]

 

[Eisenhut]

What you guys think of setting up another family far away from Singapore? Like in europe , South america and usa?

While local family don't know. Its a genetic inclination for men to spread seed right?

 

[bart12]

https://blog.seedly.sg/retirement-planning-age-income-sources/

This study looked into Singaporeans’ views towards retirement, and it surveyed 1,000 Singaporeans who were aged 21 and above, with minimum monthly incomes of S$3,000 and owned some form of investment.

Some key findings by the study include attitude shifts towards the idea of retirement, and the expectations of top retirement income sources.

Age That Singaporeans Think They Can Retire At​

How Much Singaporeans Think They Need for Retirement​

Top Singaporean Retirement Income Sources​

 

[nayr69sg]

Retirement is over rated.

Don't think so much. Just accept that you work till you die. Problem solved.

Got work got money right?

The best retirement plan is to NEVER retire. Work till you die. Seriously.

 

[bart12]

Retirement is over rated.

Don't think so much. Just accept that you work till you die. Problem solved.

Got work got money right?

The best retirement plan is to NEVER retire. Work till you die. Seriously.

Why work when one has enough dividend ,cash to do SWR and properties to rent ? Unless you consider managing these passive income as work