Hey guys, Just to update and share that when there's a will, there's a way!

I'm happy to report that I've managed to settle one card already based on my above enquiry. Next month will start paying the second card.

I even almost didn't celebrate Hari Raya Was deciding either to finish paying next month and enjoy raya or pay everything this month for that card and have a simple raya with family (I mean really simple, just cook some rendang, photoshoot and that's it. No visiting relatives and new baju raya etc.). End of the day I chose the latter and and after a week, I felt it's the better choice!

Hey guys, Just to update and share that when there's a will, there's a way!

I'm happy to report that I've managed to settle one card already based on my above enquiry. Next month will start paying the second card.

I even almost didn't celebrate Hari Raya Was deciding either to finish paying next month and enjoy raya or pay everything this month for that card and have a simple raya with family (I mean really simple, just cook some rendang, photoshoot and that's it. No visiting relatives and new baju raya etc.). End of the day I chose the latter and and after a week, I felt it's the better choice!

Very nice to be able to retire in Singapore comfortably. I am envious.

Perhaps, but we will be migrating over to Sydney soon, to enjoy our (semi) retirement.

Which part of Sydney? I was there 2010-2015. Stayed around maroubra/eastgardens. Very nice place - quiet, close to beach, nice people. Sorry for being off-topic.

how much $$$ do uu guys play in the stock market

trying to get ref on how much capital should i allocate to stocks before going into other forms of investment

We have a couple of properties there - one at the Lower North Shore, another at Double Bay and the third in the Inner West suburbs, over looking Rozelle Bay. As it stands, I’m leaning quite heavily towards our house in the Inner West, but my wife is keen to renovate the house at Double Bay. We still have a couple of years to sort out the final decision, besides, all the properties are currently tenanted.

High five!!  You have made it in your life ..

Hi, I started a stock trading account on m2u. May I enquire how to determine the optimum amount for each transaction so that the fees paid are minimized?

At my age (nearly 50), I would like to think that I've worked hard all my life to get here. There's still a lot of insecurity - I guess it's just my nature - what with impending (semi) retirement, and what if we fall ill (outside of whatever the insurance can cover) etc, but I'm naturally a worrier anyway. Just need to learn how to worry less.

Every broker has the fee structure.. better check your broker if not mistaken min for Mbb Rm8 excluding clearing fees and stamp duty

LHDN: Offshore worker need to pay tax if work offshore in Malaysia Water.

If you work offshore outside Malaysia water, no need to pay tax if you are out from Malaysia for 180 days.

Foe seaman special rules. to encourage Malaysian to join the seafarers industry, regardless you sail with Malaysian Companies ships or foreign ships companies, if sailing more than 180 days, you are exempted from LHDN.

However, regardless you are exempted, you need to have an account with the LHDN and every year you need to fill up the BE form but declared no income in Malaysia and also keep the supporting documents from your company.
I just highlighted that makan gaji can also become millionaires provided even though my academic is not good. Only SPM with grade two:-

you choose the right career. Usually, job that people don't like and for somebody to replace you it is difficult, they need to undergo the same process of certification, seatime (like pilots collecting fying hours) exams, modular courses, etc etc.

To emphasize that you need to control your spending even if you have high salary.
This what I observed from my colleagues during our young days working:-

1. Most of my friends (mostly the malays) starting work already bought the new Perdana V6. That time V6 and the new honda civic were hot selling cars. Some bought AMG cars.

2. Buy house more than a million loan. Then renovated and furnishing the house by the designer at a cost of 200K and above cash.

3. Every year came back from sailing, renovated kitchen for 60k cash. holidays in fie stars hotels and taking business class flight.
I am ok with the above, if you dont kacau me, i dont kacau them. But unfortunately it is not true. This is what I encountered during my working days as a seaman and overseas:-

1. I drove wira and later myvi.

2. During gathering, teh tarik or during modular courses, my colleagues always kutuk made jokes such as.

Duit tak boleh bawa ke mati, you need to enjoy life, u mati nanti somebody else will enjoy your money.
Now how? with this covid-19, no job, we nee to have savings to survive. Furthermore as seaman or working offshore, stringent medical check up is required yearly. Kantoi and you are grounded. If you are luck to find another office job the pay will be lower and unable to pay the loans.

I still remember there was on teh tarik session at mamak, mostly came with big cars, but when come to pay all look busy looking at the phone. The owner of myvi lah yang pergi bayar.
Yes is is true duit banyak-banyak tak boleh bawa ke mati tapi masalahnya duit dah habis tapi tak mati-mati lagi. So how?

I assume everything else all cleared eg children grown up independent/adequate coverage of properties which you mentioned fully paid off and avoid major scammer which will ruin you financially/emotionally..you are in great shape

Yes, we have no outstanding loans or mortgages on any of our properties, and we have no kids (DINKs) - so, in that sense, no worries about education costs etc. Since we became debt free about 10 years ago (at 40 years of age), there's a kind of satisfaction to be able to count every day as a profitable day - whenever a bond coupon is paid, that's profit. Whenever a FD interest payment is due, that's profit. Whenever a tenant pays his rental, that's profit.

Interestingly, that's also when we stopped purchasing residential properties for investment purposes - partly also because of the realization that properties come with quite a lot of additional costs (stamp duty, seller duty, additional stamp duty, property tax, maintenance fees, land taxes - not to mention that the income is taxable in both Australia and Singapore), but also because we discovered that IG bonds (senior subordinated, good quality, rated bonds) pay an equivalent amount in %, as are tax-exempt (in Singapore). Since then, our property portfolio has remained more or less stagnant - apart from one house purchase in Sydney for our personal use, and a couple of commercial investments in Sydney as part of our company there - whilst our bonds portfolio has grown exponentially.

When we move over to Sydney in a couple of years' time (provided the plans remain the same), we will begin to draw down on the interests/coupons/dividends/rental returns - the capital is expected to remain constant, and God willing, should outlast our lifetimes.

Won't the SG bonds turn sour over the years or during tough times?

No risk no money will come lo.