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FI/RE - Financial Independence / Retire Early, Share your experience
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Boomwick
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 Sep 8 2019, 04:52 PM
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Actually chucking in FD is very good..
Less troublesome.. confirm get interest.. pidm protected..
I saw a lot of my fren doing alot of investment..
Some made it.. but most busted it.. especially property..
Not only not making money, every mth is negative cash flow and lots of maintenance fee. Rental cant cover..
Those in Unit trust all see unit price dwindling 20% below..
FD one all happy and no stress
Of cuz there r those who made it too.
They put money into their business and grow it.. hands on with it.
Some punted / investee in stock.. and get double / triple..
But how many percent can be in that category? Not much ooo...
This post has been edited by Boomwick: Sep 8 2019, 04:53 PM
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Boomwick
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Dec 10 2019, 06:54 PM
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QUOTE(wongmunkeong @ Dec 10 2019, 06:45 PM) i'm with U on the "till 100 or death" planning but more for "not creating a sandwich" situation for my kids & "leaving something behind". I find it challenging being in a "sandwich generation" - ie. taking care of parents & kids - thus i dont wish such for my kids, let them focus on building their life since my generation has access to info & markets to build our own stash for retirement. just my 2 cents + er. for the fellow forumer @ 50 years young, i'm somewhere there too - younger in physical years but older in wrinkles/worries  Side news. Are u the wong mun keong from rohas tecnic bhd ? Director ? |
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Boomwick
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Jun 20 2020, 09:46 AM
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QUOTE(datolee32 @ Jun 19 2020, 07:08 PM) Thank you for your advise. By looking the house loan, for example interest of 3.5% VS investment return lets say 4-5% pa, may I know is it good to have early loan settlement or use the extra cash in the investment? Best is settle loan first. Becuz loan principal is guaranteed to be there until u settled all of it.. While investment profit is not guarantee, dun even talk about principal guaranteed.. If u go invest, investment bust.. u risk losing ur house when ur cash flow doesnt maintain.. |
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Boomwick
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Jun 20 2020, 09:52 AM
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QUOTE(hksgmy @ Jun 20 2020, 09:49 AM) It's interesting & quite refreshing to find so many with a similar/like-minded strategy! Yea.. eradicated the feel that u owe something.. then life is so much better and peaceful |
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