Bank lelong have plenty of fire sale / force sale

most of the time, there's a reason why that property is being lelong

icemanfx found you a target to spend your time

Isnt it better to buy few medium-cost houses then many lowcost one as you need to deal with less tenants?

Wise investors buy when blood is knee deep on the floor. lelong at right price, right location and right units is what property investment all about.
most uuu/bbb herd are blinded by greed; for reasons, the herd is almost always end up in either over the cliff or slaughter house.
Very much depending on individual. some prefer commercial and industrial over residential.

Tq bro,....

Many years ago, I did consider B Rakyat when I was still investing inside PNB. I knew abt the good dividends there. But, well,... being Non-Bumi did not help, having said that, even Bumis are queueing to be members of this,.. I think it's a Koperasi,... and it has its own set of regulations and mandates. Can't remember,... That was my experience with B Rakyat,...

Hmm,... after that,.. I think I joined another bank or Koperasi that gave higher interest too,... can't remember the name now,....

Been forumming too much today. Pls ignore that I said this : I don't think there is any FD in the world that will pay out mnthly interest.

This is TOTALLY WRONG, forummers,... sorry ! 

What is a growth performance (chart?) for a mutual fund ? Can give an eg ? Perhaps I've been looking at the wrong report,...

I know abt the negotiation advantage for large amts of FDs.

So, what's the problem ?

Pretty sure you are not loaded from the way u talk.

Many well known bloggers derived their income from website visit, products/services sold and advertised. Hence, could only take their blogging with a pinch of salt.

Only those wannabe don't believe others could better them and insist others to post evidence/proof.

But there's quite a number of those kinda people here too; blow water kuda. Throw in some high quality bait, kopi pasta materials, plucked some statistic from thin air & kuda all over. Then new users calls them sifu/master. When the account finally ripen, it's ready for aromachong round 2.

Sifu Master,
Hubris -  - Catharsis.

By the way, I appreciated your challenge and reminder that I was dead-wrong.

I accepted it gracefully, but you must also accept that I corrected my error early before you opened your mouth. So,...in answer to your unnecessary repeats abt checking, pausing and thinking, let me say I have done so BEFORE you opened your gap.

You have nothing else to say except to ask me to check, pause and think !

Let me see if you have other similar things to utter after this.

the Passive Income portion truely made many people speechless.

the passive income ------- SGD40K PER MONTH. AND THIS IS PASSIVE INCOME.

Everybody would be impressed. The important point here is the Income-type, let's just limit ourselves to regulated and known income to authorities. Shadow economy income may catch more,...

If yours is Active Income,... then err,... it's not really a big deal,.... but Passive Income ?????

What is the size of your portfolio ? Do you have a blog that charts out your investment journey please ?

I'm sure even fund managers would like to learn from you !!!

SGD40K equates PER MONTH equates to SGD480K PER YEAR. THIS IS A VERY STRONG ACHIEVEMENT.

I'll add the advice that you'll have to keep up your knowledge on investments so that you can continue to generate those Passive Income CONSISTENTLY FOR THE REST OF YOUR LIVES.

,... I almost forgot this VERY IMPORTANT PART : I THINK YOU CAN'T STOP WORKING. BECAUSE YOU NEED THE IMAGE.

Thanks for the tag, but I’m not here to prove to any of the forum users here about the veracity of my statements. I have nothing to gain from the perceived adulation as I have anything to lose from the incredulity of complete strangers.

But I do have this to say about Dd2318 and his “research” on alleged specialists remunerations in Singapore by way of the screenshot above:

My friend, that screenshot and the data is about as accurate as Pakatan Harapan’s ministerial income declaration. If it gives you and your fragile ego a sense of comfort to say that I’m unable to legitimately earn what I said I do, then, please do not let me get in the way of that perception of yours.

Susan Lim, before she got into trouble with the Sultan of Brunei’s sister, made more money in a year than I could muster in 5 ... or 10. The Chinese have a saying: 一山比一山高。what I make in my specialty and for my seniority is about the average others in my field and age would make. There will be others that take home heaps more, and there will be those that don’t. I don’t begrudge those who are in a more favourable financial position than I am, any more than I would patronise those who are not.

Please, don’t lose any sleep over a forum post of mine. Think what you would, how you would - it wouldn’t bother me, any more than what I stated in that post of mine should bother you.

Good night all.

Why do you say I am annoyed if people do not want to learn from me ?

So,... where is the mention of 30Million ? YOU made it up yourself to facilitate convenience in YOUR CALCULATIONS, right ?

I was talking more abt a doc with sgd30mil earlier.
I worked hard to learn all these,... ... today, reached a level whereby I just need to read the headlines and I can do a guesstimate of what is happening outside there.
I think I outperformed many index benchmarks for many years,... ..

Hence, this doc may be able to accumulate 30mil in his career till today, but he must also know how to save this 30mil and not spend it all away, for he may not have learnt how to 'reproduce' more money from this 30mil. If he is to stop working, then his decumulation phase starts.
Under decumulation phase, he will have to be extra careful.
Otherwise, he can NEVER stop working. For he has never learnt to invest on his own.

I’m such an amateur compared to all the gurus and their many different strategies here, and to be frank, at my stage in life, where I stand to lose a lot more than I can recover, I will never be brave enough to rebalance my portfolio -

Everyone's risks appetite is different. if one is comfortable and contented, why need to take unnecessary risk?

Also means the potential return/profit on the 1% is similarly insignificant.

The $300,000 to $500,000 you mentioned may not hurt you one bit but it will me. Every dollar is 血汗钱, blood sweat and tears, and I owe it to myself and wife (and the patients that endorse and continue to support me financially) to be responsible with how I take care of it.

It’s a very conservative philosophy but it ensures that I am a good custodian of that which has been put in my charge.

Isn't this gambling? With the same mindset, everyday lose 1%, you will be in trouble.

Thus the definition of retirement is different, since you term your life is purpose driven yet earning sufficient, that would keep you going for 60-70++ yo and some 90yo still active in contributing. The big question is "why".

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.

Seems like alot of you guys in this thread are much older. So I have a question to seek out your experiences.

Say you had in today's terms a modest figure of RM2mil worth of assets and 2 kids who are already adult and working. (RM2m is net asset position) You are at the age of 50.

What would be your ideal asset mix of that RM2m?

Just wanna hear your opinions as well, cause ive been hearing so many opinions im starting to think some of them are bias smile.gif


Hmm i think i didnt get my point across in the right way, like everyone has different level of expenses and lifestyle choices..
But with RM2m, what do you target to achieve as annual return and how would u do it .. i think this is more accurate of what i want to ask...