We must learn to invest, bros,....

Hence,... my statement above, bro Gary,.... we need to start earlier,... starting early gives us an adequate amt of exposure and experience to dive into the proper investments that matched our needed returns and our risk profiles.

One can't possibly turn into an 'expert' investor simply when the time comes to retire. If one is to think like this, he will be too nervous to retire in fear of running out of money.

Again,... hence,... my statements in my captions below,....

For myself,.. I have always focussed first onto dividend stocks, and I must say this move has bode well for me,... of course, prior to taking this step, I have done all the researches needed and some simulations too prior to making this move. I have only recently started on Nasdaq counters, taking opportunity of the dip due to the pandemic.

Yes, it does boil down to risk vs rewards,... but I do insist that the odds favours more towards the person who starts early,... and who starts long before retirement age. Looks like you are that person.

Today,... I am able to say I dare to retire, in spite of going through this pandemic, even with huge responsibilities of children and family on my hands. I am confident that with my investments,... money will never run out,...

As a matter of fact,... investing IN A PANDEMIC has made me even more confident of being able to earn more compared against working in my profession. But,.. well,... that's me.

EDited by adding : I thought I would like to add this point too. I suddenly realized that what the both of us reflected in the above are very useful,.. a comparison of our approaches to investing, both of us started early on in our lives and have amassed many years of investing prior to this pandemic appearing before us. How we view retiring moving forward is by-and-large,... really depends on how confident we are towards this endeavour of ours.

Of course, the amt of responsibility plays a large part too,... the lower the responsibility and with the absence of children on our shoulders make a large difference, but the fact remains that if we view investments in its absoluteness, its success does impact our confidence towards retirement.

This post has been edited by Hansel: Oct 9 2020, 05:15 PM

Bro Gary,... I'll give you some of my opinions and what I have experienced.

Many years ago, when I first started forumming in this forum (and in other forums too worldwide), I asked questions abt this amt and that amt and how to plan, how to apportion,... etc, etc,... things got really complicated,... and I decided to just do my best in investing and not to think too much.

The key to the whole hulabaloo is to make sure the cashflow does not stop today and in the future. And this is what I have been working on throughout my investment life. I just go on day by day and the money keeps coming-in,....

I make sure I have enough knowledge abt the whole investment universe available before me, in order that I am able to convert over if ever an instrument that I'm currently using starts to dim out due to whatsoever reasons.

Appreciated your sharing very much.

Bros,... the AUD dropped because the RBA lowered the OPR by 0.15% two days ago.

The OPR is NOW at 0.10%, and commitments by the RBA for lots of QE actions. Sorry, has not updated here,...

Was updating my forecasts in my Whatsapp groups.

Was updating live in my Whatsapp groups for the US Elections too.

Edited by correcting a critical typo error above. Put 'not' instead of 'NOW'.

This post has been edited by Hansel: Nov 5 2020, 03:47 PM

Yes,... news over the weekend and this morning from the US session seems to suggest that risk-on is back in play. A main contributor to this risk-on mood is the ann;t by Pfizer and Biontech last night that their vaccine tests have had a 90% success rate.

The AUD is a risk-on currency,...

No harm starting something new, bro,.... however, there will always be new challenges and newer 'set of problems' in every new venture,...

On my part,.. the international taxation is my biggest hurdle if need to migrate to a country with worldwide tax issues, but this is a personal circumstance. Everybody has his/her own unique circumstances. Somebody here did say he did not have this problem,... then he has not appeared anymore in this forum.

Actually,... today, it's good to try somewhere new besides here,... the virus has really uncovered so many weaknesses in this place. Aust seems to be managing well in this pandemic.

Jmho, bro,....

There will be infections somewhere at one time or another,.. no ctry is exempted from this,... the secret is if a ctry is able to recover from this infection, and if a ctry is able to help the people and the economy while 'fighting' the infection. Australia seems to have been able to do both of the above (till now), as seen from the Melbourne infections last year and from the Northern Beach infections a few weeks ago.

People are not encouraged to withdraw from their 'Super',... unlike what that is happening with people being 'allowed' to withdraw from their EPF here. These are the cracks that are beginning to appear,...

I hoped Aust continues to thrive and to be safe. She does have other problems,... but against the biggest issue at hand today,... Aust seems to be coping well. Singapore is another,... but community cases seems to be rising again.

China's cases are coming back too,...

Just my global observations, due to my investment requirements...

Edited : Corrected critical grammar errors which may distort the actual message to be delivered.

This post has been edited by Hansel: Jan 25 2021, 01:00 PM

Tq again for all your sharings, bro Gary,... I'm glad my family in Sydney and Canberra....

Congrats, bro Gary,... yeah,... my SG REITs and forex pair has done very well too.

But you got no more good term deposits to earn, bro Gary,.... a good exchange rate only helps you/me to spend in other currencies,.... what do you think?

I think the AUD will strengthen again, bro,... just hold-on to it and don't convert yet. And try to convert at the moneychanger in Msia,...

Don't TT over from NAB or any of the banks....

Good morning, Gary,.. tqvm for your great inputs. I think now is not a good time to migrate into Msia, bro,... Let things settle down first,... get your vaccine shots in Australia first. I believe Msia has a long way before she is able to ctrl the infections successfully, even with the rollout of vaccines.

Gentlemen,.. all the inputs above are valuable and are highly appreciated - thank you. I'd like to ask : is there an app or a website in Australia whereby we can register to take the shots ?

Yes,... thank you for the update too, Gary,...

Tq bro for informing,....

Congrats,... bro Gary,...

I think fro our kids who intend to make Australia their home, FAMA suppport will have to come in for the first hse, and to pay down as large a downpayment as possible to help them start-off.

When the RBA decides the economy is heating-up and they need to ctrl this,... prbs will start because of rising interest rates.

Tqvm bro Gary for your confirmation on my suspicions in the above. Guessed I will have to help my young ones since it is no fault of theirs from the start.

Yeah,... medically-trained specialists ending-up as 1% of top-earners in the ctry,... reminds me of that doc who talked a lot in this forum,.. proven eveyrthing he had or purported to have, showed his IELTS results not once but twice , asked and challenged others in this forum and suddenly kept quiet,...

Must have met with a major accident or something along that line to suddenly shut him up abruptly,... Apologies for going offtrack,.. tq again, bro Gary,...

Just sharing a bit here : my kids have settled down nicely in Sydney today, for now... one is in the arts, participating in the world championship soon in The USA and another scored above 90 for his ATAR. Doing a double major now in the UNSW. Tq again for much of your advice earlier,....

Thanking others too in this forum who have contributed to me and my kids' matters earlier,...

Edited by adding : I have a nephew now who is keen to follow the footsteps of my kids,... do you think Australia is a good place to go to anymore after this, bros ? I'm thinking of helping my nephew too,... of perhaps send him to another ctry which is recovering well,... like The UK ? This nephew of mine is still young, just 13,... sending them out earlier is better,... this has been proven by my own kids who were sent out when they were 12 and 14+.

This post has been edited by Hansel: Jun 10 2021, 11:11 AM