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 30 yrs old Msian Investor on SG Business Times, Portfolio worth MYR10m (SGD4m)

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cockee
post Feb 20 2013, 10:26 AM

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Joined: Apr 2008
QUOTE(JamesPond @ Feb 20 2013, 09:32 AM)
nice sharing.....
I just wonder when are you going to give up your daily job?
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I dont quite get it why people has to think 'quiting your daily job' as a sign of success. biggrin.gif
Sometimes, the 'day job' can be equally as financially-rewarding as being a 'full time investor'.

Just like taking up to RM8mil of debt to earn RM7.5k nett.. while some high performance employees can earn more than at the same age.
Of course, there are upside to it like capital appreciation and more personal time.
But there are also big risks and headache that an employee would not likely to face; like increase in interest, bubble burst etc. Also if you manage so many property you still need to spend time 'working' for your tenants. You dont get shit from the boss, but you get it from the tenants, or sometimes from the bank manager or ah long when times are bad.. tongue.gif

During my younger days, I kept hearing people saying that 'dai kung chai' (employee) cannot get rich. Now, I realized how mistaken those 'wisdom' is. There are many millionaire employees out there, actually.

 

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