Risk appetite must be seen in perspective.

Taking a 100% risky investment  out of 1% portfolio is nothing

Throw a $300-500k in the highest investment vehicle no need to blink an eye
it wont hurt a bit even if it ends in  total loss.

the same cant be repeated for your ordinary Jones.

This is very true. The opportunity cost of high income earners retiring is high. Perhaps lower income earners can take solace in knowing they did not give up much. The “worst” ones are profitable business with ongoing debtors ... if they can’t find buyers for their businesses (not easy), then they have to continue to slog it out...I think for professionals, it is slightly easier in that you can reduce your consultation time, and there is no uncollected debt...still, to really fully give up 100% is not easy too, I think.. more often than not, will not be early retirement

True but for the oomph a little investment indulgence
Wow so attached to it.... cant bring it to next life...
No, unlike gambling not easy to lose them all, i mean no need waste too much time
for this portion of money, get rich quick scams excluded.

My farewell post to all respected contributors,

Company approved my posting to Singapore. Gonna be foreign  worker there by end Dec, n family stay back Malaysia.

Thank you all for the sharing n daring. I wish everyone a safe n meaningful journey.

Money is not everything in life, although no money cannot live.

There is something called family as well.

If money is everything, no wife is even better, less one liability. 
Can always change new fresh girl friend..   

When you old time, and see friends' family and kids so cute, then it is like missing something in life.

Most forumers discuss about FI/RE but what about living life after it. In general most lump it in travelling and social work . In reality there is more to it as everyday life consists of 24hours daily, so what is the routine consist of ? Its also why some dread of retirement as they are really unsure of things that could captivate their daily life interestingly. In our lifelong career spanning many decades, things that occupy most of our waking moment will consist of work, family and some period of recreation. But upon retirement, career which for some people filled nearly 50% of their daily life is suddenly missing. A friend of mine , a former University professor upon retirement, felled into depression. As most people suggested  he travelled to quite a number of countries and even climb to the peak of a mountain. Its sort of trying to complete his bucket list. In reality, retirement is how we occupy the periods in our daily life that is the most important .

Does anybody set aside a certain fund for sickness? to my knowledge most older insurance policies only cover up to 80 years old.

I think he is talking about private medical costs which is not covered by medical card because those above 70 usually cannot get medical card. My mum at 74 broke her arm and we kids paid for her surgery. Costs us close to 80K including metal plate, surgery and stays at the hospital.

this. my grandfather kena ruptured appendicitis, stayed in ICU and operation also more thaan 80k. No insurance coverage.

Private medical costs are really high. My mom fell from a mango tree (yes she climbed up the tree!) They had to do xrays, order the metal plate from overseas, staying in the hospital for a week. Every single item in the surgical theatre costs money.

Just last week my BIL went into a hospital for a stent. Just stayed one night and it cost him 25K!

Yes, very much agree. Just because a colonoscopy or a CT scan, chemo or angioplasty is covered under our medical policies doesn’t mean it is in our best interest to utilise it...medical evaluation must be done independently...

Hence 3 things comes into mind :-
1). Commodities (gold, silver etc)
2). Health ( healthcare)
3). Consumer discretionary (Consumer consumables)

This would be a good general portfolio to focus as a base on any stocks or ETF investments.
Why the above 3? Well

Point 1 (Commodities), the actual product has hold it's value by itself even without a need to have others dictate the value because gold itself inherently has value. (Anything which is originated from the ground has inherit value). And humans has been using it for ages as barters from silver/gold coins till bartering a kilo of carrots etc.

Point 2 (Health), Improvements of researches and big pharma's involvement in racing for cures like Cancer , AIDS etc, would increase the need for health and medications. Also the earth with it's global climate changes will severely impact human population in the next 30-50years. It's already affecting us in asia where population of China is expected to decrease by 31mil from now till 2050. Ebola (found in circa 1976), Aids (1983), were all within 5 decades in some of our live times. There are more deadly strains which is slowly creeping up around the corner and for this period is the H1/H5 strain and also MRSA superbug which the next generation would need to come up with a cure.

Point 3 (Consumer goods), 2050 there would be about 11Billion people in the world. Are there enough food to feed the population. Thats why scientist are coming up ingenious ways to close these gaps through verticle farming and repopulating deserts , creating fake meats as a substitute. etc. Do you think there is enough food to go around for 11bil people during that time?. Not factoring climate changes and already crops and foods grown are beginning to take a tol due to climate changes. Not only scientist and farmers need to supply food to the population but they also need to ensure their current production yield is not impacted.

RM150,000.00 per year looks  like very big amount but in actual is not much. Its equal to RM416.00 per day. For a couple in retirement in Malaysia is just so and so, middle class lifestyle. Living abroad especially in Europe, i would say not enough.

not an issue if one's passive income covers the monthly mortgage

How is accomodation paid for ?
I think if 1or 2  person if simply moderate lifestyle then should be okay.

Retired at 42 but could have done it at 39.  Practised FIRE without knowing it. 

Would sum it up to
- hard work which is worked like 10 hours a day
- saved 70% of my income which means up to 34 only 2 foreign holidays
- invested my money wisely
- high salaried stressful sales job
- lots of luck

I'm thinking of starting a blog on this do you think you guys would be interested in
this type of blog?

Thanks.

Sifus, tq for all the information. Currently my assets are divided into below :

Unit Trust
FD

Im looking at mitigating risk with additional income by investing out of the country. Im not looking for high risk and high return but same passive rather safe investment.

But lookin at FD rates in the UK, i find that ours is higher. Any recommended place to do some digging.

I was tempted (because REITs in Singapore have fallen quite a lot since COVID), but given how we might be looking at a structural change (in terms of social habits), I am a little concerned about how the REITs will perform post pandemic.

very practical approach.
i have come across plenty of people declaring that they would need no less than rm20mil or more for FIRE.
and if simply based on your 4% approach, i was thinking what the hell does someone needs to spend RM66.7k per month on???? 

and life is always unexpected. one can plan all they want but somehow may end up a complete opposite to the plans.

so while FIRE is important, one must also know how to live their present life imho.

why not?

different people have different needs.

Some need 100m to FI/RE, some need 1m.

who are we to judge

Sounds like a scam?