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> 2 mil more than enough to retire

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James1983
post Jun 14 2021, 04:12 PM

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What if… ringgit devalues significantly in the next ten years?

e.g. Turkish lira went from
1 USD = 1.18 lira in 2008 to
1 USD = 8.30 lira in 2020
In a span of less than 12 years

Your RM2 million asset in asb or epf also GG

This post has been edited by James1983: Jun 14 2021, 04:15 PM
James1983
post Jun 14 2021, 04:23 PM

💦kencing lettew💦
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QUOTE(TiramisuCoffee @ Jun 14 2021, 04:20 PM)
Talk of hyperinflation otw. Tenkiu US!  notworthy.gif
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Once US starts to tighten their monetary policy, i.e. reduce their money printing speed/roll back the easing, like they did in 2014-2015, ringgit will plummet again.

James1983
post Jun 14 2021, 09:04 PM

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QUOTE(ozak @ Jun 14 2021, 09:00 PM)
10k is more than enough even for 2.

When getting old, you don’t use that much money.

Make sure have enough insurance to cover your medical and health.
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Depend on the lifestyle you want.

When I’m old, I want to travel the world whenever I like

Like this quarter fly to Paris with wife (at least business class, since so old d), next quarter fly to visit kids studying in overseas etc.

Those cost quite a bit

 

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