After the crisis is over, could consider certain REIT in sg, u.s. and London.

REIT is not limited to shopping mall, could consider industrial e.g warehousing, distribution center.

Mind if I ask, have you ever use leverage to build your current wealth? Since no debt was mentioned numerous time, especially when building the real estate/property section.

And to answer your question, no. We’ve never leveraged on our investments but obviously we had to take loans for our Singapore properties purchases. We did as much capital prepayments as contractually allowed and paid off the mortgages at the earliest opportunity. So, we’ve been debt free since 40 years of age.

As I mentioned, my wife and I are not a typical case. We are both professionals earning a very respectable income each (hers isn’t anything to scoff at either) and her income alone is more than enough to sustain our annual expenditures and multiple holiday trips overseas - the latter being the most expensive expense item on our outgoings. We also agreed early on in our marriage that we did not want children (because I didn’t think we could be good parents and still give 110% at at careers - it’s a lifestyle choice and a decision that we arrived at with much soul searching: 30 years later, we still have no regrets whatsoever).

My philosophy is simple - a bird in the hand is worth two in the bush, every penny saved is a penny earned. Leverage can unravel too quickly. Margin trading can inflict crippling burns in the blink of an eye. Those strategies are for braver people with wills of steel and courage of lions.

Multiple mortgages that I don’t have the ability to pay off within a set of strict rules that I’ve put in place for myself are a different cup of tea. These properties are at the mercy of valuations and rental sentiments and tax regime changes and if you find yourself requiring a certain rental return in order to pay off a loan due, then you hamper your ability to undercut the next landlord who might not need to achieve a target rental since he’s debt free on that investment property.

It’s precisely because I don’t have the pressure of a mortgage on any of our investment properties that we chose quality tenants even if they pay a slightly lower rental - and paradoxically, quality tenants more often than not end up paying good rentals and on time! Imagine that.

Thank you for taking your time to reply this message to me, really appreciated it. I am too in the verge of clearing out my last debt of my family portfolio, the mortgage. However, at this time of age with my wife's income reduced due to COVID-19, making me hesitate whether to push forward with the extra cash from annual bonus to being used in mortgage prepayment. Also taking this opportunity to launch some passion project with a partner, which currently generating positive income and making ways to grow and scale it. As for the investment portfolio, indeed there are tenant that not able to make up to the rent, probably will decided to help out by waiving it..

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.

Commonwealth Bank of Australia said its base case is for an 11% fall in home prices, though in a prolonged downturn a cumulative 32% slump is possible. National Australia Bank Ltd. said in a severe downturn prices could plummet 21% this year.

Banks have already agreed to defer payment on more than 640,000 loans worth at least A$200 billion.

https://www.bloomberg.com/news/articles/202...s?sref=bZ8VXc8U

hksgmy Aussie banks have excessive exposure to property, drop in property price will severely impact bank and property market.

yeah, and for someone like @hksgmy that number is too low

if one has huge income and savings there is  nothing to worry about investment returns no matter how low, even 1% return on 100M is already $83+k passive income a month...just how much do we need we cant bring to next world

Thanks to @stoolpresidente #DDTG community, I have earned enough $$$ to retire at 27. Thank you Dave. I am forever loyal to you and the trading community that you built #retailbros #straightwinners
https://twitter.com/cowabungabrew/status/1271508413017731075
https://twitter.com/stoolpresidente

Met a friend working in HARTA glove as senior Manager (12 yrs)
Told me due to Esos, his stock value almost hit RM2million..

The peers who same batch with him all touching few millions ringgit value of stocks.

FIRE unexpectedly.

Trying to prove just make it more dubious on what you really say you have. But if you really want prove it then prove it with your payment to the IRB since you have no problem sharing something so personal here.

Given some of your /k replies I really wonder is it the same person.

if after he did that (above), will someone else asked for proof that that income and payment details are really his/her and not of others? (like client, employer or family members, etc) 

i remember once in one of the thread, there was one forummer mentioned "that could be photoshopped" when trying to dispute the data shown upon challenged

yeah, pointless trying to play piano to cows nor ask for proof of such neh XD

Aiyoh! Good morning Doc?

Why wate time with aspiring MY millionaires?

The showoff thread members already ack you as Chairman already. Not enuf meh?

Come over Clarke Quay lim kopi see lah. I'm pondering whether to transfer $20K to top up KWSP self contribution.

Privately, I know you just using your wife's Iras.... 😜

Bluddy hell, you know I TOO LAN ang mohs....u have to remind me!!!! I go spill coffee onto one now. Logging off.

Nooooh haha the photo is gone

No need to prove anything, bro,...

Sad, I feel motivated hope that I will be a portion of what you have