The RETIREMENT thread

[bart12]

Not quite passive as you think. You still got to manage. And there is always the fear that your investment might drop, tenant may not pay rent (if you in SG is ok but not so much in country like Canada where laws favor the tenant rather than landlord).

Those of you already made it liao enough passive income to stop work - good for you. Well done! Of course retire. Go enjoy life.

The majority of people including myself will never be able to retire in our lives.

Personally I will work myself to the bone till I die to try to get a trust of some sort to help my children and future generation so that they might have a shot with retirement. I will definitely die trying.

Not this Canadian who invested in diversified dividend etf ..

 

[bart12]

Doesn't look like he is retired to me. He still buys and sells. And looks like he has to manage still and make youtube videos. He might make money active income with his youtube videos. Trader.

My training is not in finance. It is in medicine. And I make way more than $5k a month.

Doesn't make sense for me to stop working. Particularly so since I don't have anything I want to do if I stop working! If I stop working I might as well die.

Thanks for the video.

https://www.sammyboy.com/threads/im-shopping-on-the-stock-market-tomorrow.280519/post-3062214

I do try to invest as well. But I don't have so much cash lying around. Not as rich as this Canadian dude.

I have put up a house for sale so hopefully can get some cash again. I also spent some cash buying a F&B business in June 2020.

I retire is really no point lah. It is dumb if you ask me. Might as well keep working, build up the cash so that my kids can be like this Canadian dude, all 4 of my kids.

As long as you enjoy your work...otherwise there is always some alternative

 

[nayr69sg]

Not this Canadian who invested in diversified dividend etf ..

Hey @bart12

Thank you very much for posting the video.

Actually I looked more into his strategy. At first I thought it is just high management fee growth funds or something like that.

I was honestly not aware of something called covered call ETFs. But it makes sense and is something that fits my profile.

Do you follow this guy much and do you also use covered call ETFs?

I looked at his record https://passiveincomeinvesting.ca/wp-content/uploads/2021/05/660k-Portfolio-May-2021.xlsx

There was a massive jump in his dividends from 2019 ($11,714.91) vs 2020 ($47,844.26). Why? Maybe he is correct that during down market and extremely low interest rate environment there is much more demand for the call options and covered call ETFs.

 

[bart12]

Hey @bart12

Thank you very much for posting the video.

Actually I looked more into his strategy. At first I thought it is just high management fee growth funds or something like that.

I was honestly not aware of something called covered call ETFs. But it makes sense and is something that fits my profile.

Do you follow this guy much and do you also use covered call ETFs?

I looked at his record https://passiveincomeinvesting.ca/wp-content/uploads/2021/05/660k-Portfolio-May-2021.xlsx

There was a massive jump in his dividends from 2019 ($11,714.91) vs 2020 ($47,844.26). Why? Maybe he is correct that during down market and extremely low interest rate environment there is much more demand for the call options and covered call ETFs.

I am learning about covered ETF myself..I only bought a small amount of 2 etfs he recommended to try out because I am not sure about the tax implication yet as Canada impose 15% withholding tax on foreigner like me. However,t it should be straight forward for you to invest them in a Canada retirement account tax free. ZWC.TO is a Canadian bluechip etf I bought which comprise of all the big Canadian banks, energy giant like ENB and one of the largest asset management company Brookfield.. This ETF itself is delivering 4% yield from its holding and another 4% from its options..I feel it is safe for conservative investor than to put money in the bank. I hope you can learn something in your free time .. Who know it might enlarge your family trust and leave something bigger for your kids.

 

[nayr69sg]

I am learning about covered ETF myself..I only bought a small amount of 2 etfs he recommended to try out because I am not sure about the tax implication yet as Canada impose 15% withholding tax on foreigner like me. However,t it should be straight forward for you to invest them in a Canada retirement account tax free. ZWC.TO is a Canadian bluechip etf I bought which comprise of all the big Canadian banks, energy giant like ENB and one of the largest asset management company Brookfield.. This ETF itself is delivering 4% yield from its holding and another 4% from its options..I feel it is safe for conservative investor than to put money in the bank. I hope you can learn something in your free time .. Who know it might enlarge your family trust and leave something bigger for your kids.

Thank you @bart12

Yes I have been watching the videos. I also purchased his spreadsheet. I do like the Canadian banks so I will definitely be looking to get some of the ZWC.TO as well. I also think I will get NXF.

With the Canadian banks stocks it is quite true that for the most part they usually give a dividend yield of around 3%. If the stock price moves up they will raise the dividend. And this is across the 6 big banks. So yes the 4% dividend from holding is definitely real even when you just buy the stock today. Well maybe 3%. The secondary income strategy of selling call options is very good as well.

This guy probably lost out on some of the growth in the last year and he admits it. However, his dividend passive income did jump a lot in 2020.

 

[bart12]

Hey @bart12

Thank you very much for posting the video.

Actually I looked more into his strategy. At first I thought it is just high management fee growth funds or something like that.

I was honestly not aware of something called covered call ETFs. But it makes sense and is something that fits my profile.

Do you follow this guy much and do you also use covered call ETFs?

I looked at his record https://passiveincomeinvesting.ca/wp-content/uploads/2021/05/660k-Portfolio-May-2021.xlsx

There was a massive jump in his dividends from 2019 ($11,714.91) vs 2020 ($47,844.26). Why? Maybe he is correct that during down market and extremely low interest rate environment there is much more demand for the call options and covered call ETFs.

I just watched his earlier video and I know why his dividends jump drastically in 2020 vs 2019.. He sold his property and invest 95% proceed. This is what I call conviction..

 

[nayr69sg]

I just watched his earlier video and I know why his dividends jump drastically in 2020 vs 2019.. He sold his property and invest 95% proceed. This is what I call conviction..

View attachment 113920

Yeah I asked him the question and he directed me to his video.

He sold his condo and used the money to invest in these high yield stocks. However I think he bought before the March 2020 market crash from covid. So he is probably underwater capital wise for most of his portfolio.

I did ask him some questions about NAV regarding the Split share corps and I was not too impressed with his answers. I asked what happens during wind up. Do you get the NAV predistribution? Eg if NAV (usually 1 Preferred share and 1 Class A share) is $15 on wind up do you get the NAV ie $15? And he said yes.

Well the things is he buys usually only the Class A share and not the PR.A. And that's what he refers to as the high yield cos it pays $0.10 monthly for example. But he was not clear in his answer to me that you can buy Class A or PR.A. ie the split share corp is not ONE stock symbol but 2 different ones.

So I think he has an agenda to try to promote his holdings. He wants to give the impression that split share corp is ONE stock symbol ie the Class A share one only.

 

[bart12]

Yeah I asked him the question and he directed me to his video.

He sold his condo and used the money to invest in these high yield stocks. However I think he bought before the March 2020 market crash from covid. So he is probably underwater capital wise for most of his portfolio.

I did ask him some questions about NAV regarding the Split share corps and I was not too impressed with his answers. I asked what happens during wind up. Do you get the NAV predistribution? Eg if NAV (usually 1 Preferred share and 1 Class A share) is $15 on wind up do you get the NAV ie $15? And he said yes.

Well the things is he buys usually only the Class A share and not the PR.A. And that's what he refers to as the high yield cos it pays $0.10 monthly for example. But he was not clear in his answer to me that you can buy Class A or PR.A. ie the split share corp is not ONE stock symbol but 2 different ones.

So I think he has an agenda to try to promote his holdings. He wants to give the impression that split share corp is ONE stock symbol ie the Class A share one only.

It is good to be skeptical and ask question on investment.. However,I don't think anyone can really move a fund single-handedly just by promoting online.

 

[nayr69sg]

It is good to be skeptical and ask question on investment.. However,I don't think anyone can really move a fund single-handedly just by promoting online.

Well the reddit groups literally have done that. You never know.

It was interesting though to learn that there are all these very high yielding financial instruments for retail investors. Opens up a different viewpoint.

I got 500 Class A DFN shares at 8.34. Will see how that goes.

 

[bart12]

Well the reddit groups literally have done that. You never know.

It was interesting though to learn that there are all these very high yielding financial instruments for retail investors. Opens up a different viewpoint.

I got 500 Class A DFN shares at 8.34. Will see how that goes.

For individual stock,yes..However for a fund with >10 large cap stocks , you need a lot more capital. I am learning about these high yielding financial instruments as well..I will take it slow to understand since I am in no hurry in investing anything right now. DFN is interesting and I am trying to find out what is the catch..

 

[malpaso]

I just watched his earlier video and I know why his dividends jump drastically in 2020 vs 2019.. He sold his property and invest 95% proceed. This is what I call conviction..

View attachment 113920

Like that can retire at 34? It's not enough. 88k is a lot meh? Made 15k profit on stocks , how about the losses? etc. Why are so many people so taken up with these kind of stories? To contribute to the nation and to society by working is a privilege, don't squander it.

 

[Leongsam]

This is my currrent retirement fund :

#	Name	Country	% of Portfolio
1.	Contact Energy Ltd	New Zealand	2.53%
2.	Spark New Zealand Ltd	New Zealand	1.80%
3.	Telstra Corp Ltd	Australia	1.48%
4.	National Australia Bank Ltd	Australia	1.37%
5.	Meridian Energy Ltd	New Zealand	1.34%
6.	RE1 Limited 5.12%	Australia	1.30%
7.	Fisher & Paykel Healthcare Corp Ltd	New Zealand	1.05%
8.	Woolworths Group Ltd	Australia	0.96%
9.	Goodman Group	Australia	0.91%
10.	Transurban Group	Australia	0.90%
11.	Mainfreight Ltd	New Zealand	0.86%
12.	Infratil Ltd	New Zealand	0.81%
13.	Summerset Group Holdings Ltd	New Zealand	0.75%
14.	Atlas Arteria Ltd	Australia	0.72%
15.	Charter Hall Retail REIT	Australia	0.68%
16.	Santos Ltd	Australia	0.65%
17.	Virgin Money UK PLC DR	United Kingdom	0.64%
18.	CSL Ltd	Australia	0.64%
19.	Alphabet Inc Class C	United States	0.63%
20.	Getlink SE	France	0.63%
21.	Aena SME SA	Spain	0.62%
22.	Kiwi Property Group Ltd	New Zealand	0.59%
23.	Microsoft Corp	United States	0.59%
24.	Shopping Centres Australasia Property Group	Australia	0.58%
25.	Mirvac Group Finance Limited 3.62%	Australia	0.57%
26.	ASB Bank Limited 5.25%	New Zealand	0.57%
27.	Charter Hall Long WALE REIT Stapled Secs Cons of 1 DIF + 1 FSPT + 1 Finance	Australia	0.57%
28.	Arena REIT	Australia	0.53%
29.	CSX Corp	United States	0.52%
30.	Coles Group Ltd	Australia	0.52%
31.	Aventus Capital Ltd 24/01/25	Australia	0.52%
32.	Westpac Banking Corporation 4.7%	Australia	0.48%
33.	Ebos Group Ltd	New Zealand	0.47%
34.	CNH Industrial NV	United Kingdom	0.47%
35.	Westpac Banking Corp	Australia	0.47%
36.	Mirvac Group	Australia	0.47%
37.	American Water Works Co Inc	United States	0.46%
38.	AusNet Services Holdings Pty Ltd	Australia	0.45%
39.	D.R. Horton Inc	United States	0.45%
40.	Telefonaktiebolaget LM Ericsson (publ) 1%	Sweden	0.44%
41.	HCA Healthcare Inc	United States	0.43%
42.	Victoria Power Networks (Finance) Pty Ltd 1.6%	Australia	0.43%
43.	Evolution Mining Ltd	Australia	0.43%
44.	New Zealand Local Government Funding Agency Ltd 1.5%	New Zealand	0.43%
45.	Norfolk Southern Corp	United States	0.43%
46.	Charter Hall Social Infrastructure REIT	Australia	0.42%
47.	Northern Star Resources Ltd	Australia	0.41%
48.	Australia and New Zealand Banking Group Ltd	Australia	0.41%
49.	Westpac New Zealand Limited 5%	Australia	0.40%
50.	Commonwealth Bank of Australia	Australia	0.40%
51.	Ardagh Packaging Finance plc / Ardagh Holdings USA Inc. 4.12%	Ireland	0.40%
52.	Santos Finance Limited 5.25%	Australia	0.39%
53.	ASB Bank Limited 1.65%	New Zealand	0.39%
54.	Collins Foods Ltd	Australia	0.39%
55.	JPMorgan Chase & Co. 1.09%	United States	0.39%
56.	Ball Corporation 1.5%	United States	0.39%
57.	BHP Group PLC	United Kingdom	0.38%
58.	Lend Lease (US) Capital, Inc. 4.5%	Australia	0.38%
59.	Investore Property Ltd	New Zealand	0.37%
60.	T-Mobile USA, Inc. 3.38%	United States	0.37%
61.	Amazon.com Inc	United States	0.36%
62.	Ampol Ltd	Australia	0.36%
63.	Coles Group Treasury Pty Ltd 2.2%	Australia	0.36%
64.	Charter Hall Group	Australia	0.35%
65.	Vodafone Group plc 6.25%	United Kingdom	0.35%
66.	BP Capital Markets plc 3.62%	United Kingdom	0.34%
67.	Cooperatieve Rabobank U.A. 0.88%	Netherlands	0.34%
68.	Citigroup Inc. 5%	United States	0.33%
69.	Anthem Inc	United States	0.33%
70.	Cooperatieve Rabobank U.A. 4.62%	Netherlands	0.33%
71.	Westpac Banking Corporation	Australia	0.33%
72.	BHP Group Ltd	Australia	0.33%
73.	Apple Inc	United States	0.32%
74.	Charles Schwab Corp	United States	0.32%
75.	Intercontinental Exchange Inc	United States	0.32%
76.	Virgin Money UK PLC 5.12%	United Kingdom	0.32%
77.	United Utilities Group PLC	United Kingdom	0.31%
78.	The Home Depot Inc	United States	0.31%
79.	Nintendo Co Ltd	Japan	0.30%
80.	ANZ Bank New Zealand Limited 3.5%	New Zealand	0.30%
81.	Taiwan Semiconductor Manufacturing Co Ltd ADR	Taiwan	0.30%
82.	HSBC Holdings plc	United Kingdom	0.30%
83.	Danaher Corp	United States	0.30%
84.	Morgan Stanley 0.41%	United States	0.30%
85.	Ryman Healthcare Ltd	New Zealand	0.30%
86.	PayPal Holdings Inc	United States	0.29%
87.	Barclays PLC	United Kingdom	0.29%
88.	Chorus Ltd	New Zealand	0.29%
89.	Bank of America Corporation 3.46%	United States	0.29%
90.	Citigroup Inc.	United States	0.29%
91.	NatWest Group plc 5.12%	United Kingdom	0.29%
92.	Seagate HDD Cayman 4.09%	United States	0.29%
93.	JPMorgan Chase & Co. 5%	United States	0.29%
94.	Visa Inc Class A	United States	0.29%
95.	TransUnion	United States	0.28%
96.	Nationwide Building Society 5.75%	United Kingdom	0.28%
97.	LVMH Moet Hennessy Louis Vuitton SE	France	0.28%
98.	NatWest Group plc 8%	United Kingdom	0.28%
99.	Verisure Holding AB (publ) 3.88%	Sweden	0.28%
100.	HDFC Bank Ltd ADR	India	0.28%

 

[Leongsam]

 

[bart12]

Like that can retire at 34? It's not enough. 88k is a lot meh? Made 15k profit on stocks , how about the losses? etc. Why are so many people so taken up with these kind of stories? To contribute to the nation and to society by working is a privilege, don't squander it.

Go and google F.I.R.E. It is new lifestyle choice to retire early by balancing your expense and passive income..No right or wrong.. some people just don't love their jobs

 

[bart12]

Maybe sign of possible stock market crash coming. Ala 1929.

I always fear a stock market crash so i keep a high amount of crash and that limit my return severely.. well better to SWAN

 

[bart12]

Me too. Haha.

What is SWAN?

sleep well at night

 

[bart12]

Yeah that one is important. Haha.

The FIRE movement seems more like the age of self indulgence. What about children? Dont bother about them?

I was telling my father my generation and his is different. The baby boomers had pension plans. They also saw 900% growth in property price in SG.

My generation has none of those.

For me I will just keep working.

Because I am not salary based and only get paid when I work and bill I think of retirement like when I think of going on holiday. I have no leave. No vacation pay. So on holidays not only do I spend money on the holiday i also lose out on the income that would have been earned had i been working. Double whammy.

Maybe big company CEOs should also be paid like that. They take holiday can take substantial chunk off their annual earnings!

LOL Now young generation YOLO ..u dunno meh.. Even China youth is catching up with their 躺平 "do nothing in life' movement which is even worse

https://www.bbc.com/news/world-asia-china-57348406

 

[bart12]

I think 1929 style crash coming.

Remember that the Spanish Flu was in 1918. The years after the Flu problem resolved were very good economically. Lots of excesses until 1929 crash.

I see some of that now. I think this time might be sooner. Maybe 2024.

I don't want to speculate about a crash but I know I will stop working in 2024 ...

 

[bart12]

How come?

I have been a permabear for a long time and become a laughing stock myself, so I stop speculating. I have no debt , invest in money I can afford to lose , enough emergency fund that I can afford to stop working and start living the way I want for my remaining life .

 

[bart12]

Congratulations! I am happy for you. Do you know what you will be doing when you stop working?
I stopped working for a few months in 2017 and i kept thinking about going back to work. Lol.

If I am in Spore, my retire life will be bored to death..However, living in a big country really broaden my horizon that there are plenty of things to do. My situation is different from you..You have a few kids, you can't really do anything with them off your mind