Your April2025 returns r as impressive esp with the market turbulence due to tariffs.
With your track record, if  capital is 1mil, would return >200k/year, can FIRE already.

There you go. Exactly is the ex banker said. You can bet wrong and still make money. Been there and done that.

Yes, this is the advantage,.........

If the strike position is not reached even though the bet is in the wrong direction,... the same party who is betting in the direction will 'still be winning',... However, in a volatile mkt like April 2nd onwards,... the volatility will definitely 'reach the strike position',... if someone can still choose a position 'strong enough' to survive the volatility,...

Hehe,... then that player must really share his skill with others. No need to talk abt BNM, licencing etc,... just share with close friends and family,... help others to make money too, right ? Sure-win here,......

And,....... surely, some organization will come offer him money to 'invest' too.

👍 Nice

I just try to plan for 120 years age since medical improvements have increased lifespan. I think last 50 years lifespan has prob increased by 30 years anyways

But for the moment I ain't planning to leave anything to my kids. I don't trust this new generation to be able to continue the wealth building, rather will spend it all. I guess I can still change my mind at a later stage

What u guys think? Leave assets to next generation? Will it be built in or spent ? Appreciate your views

Cool

Personally for me,
I'm just very weary of them. Have seen too many stories where the kids get the parents to transfer all then tell them also to sell their house (or transfer the house to their name to cash out a loan) and then ask them to come stay with and take care grandkids, after grandkids start going to school, the wife of the son (usually son) start kicking up a storm and parents get so unformfortable and move out and kids also don't want to support them after having taken away their properties etc

Few months ago also I was at tiger bank and this old uncle next counter came to bank and asked to check for the house and car grant as he previously took loan with them, bank staff said no more redi cos sold last year. The kids ask him to sign etc without telling him for what (old guy so maybe can't see properly to trust kids too much) and he signed. Kids took the money and changed their phone numbers and chao. He himself was telling the bank staff. Now he no house, no car, no epf and wife also passed away, he also said don't know what to do

I see all this and hear all these, haiyo very saddening la. Especially to have that at that age.... So disheartening

understand... very rare to know of a person that is ok to drawdown on principal...

I have been FI for few years, and this week, I have been thinking my child's uni education, which going to happen in 9 years time.

I was wondering, what are the ways u guys are doing for yr child's uni education? Hoping I will be well prepared

Yes, I have more than 5 mil now, but not like alot, did burn my self a bit in KLSE.

A big chunk is in FD yes, cause of the good rates, but now the rates are so low and next year might be lower.

my biggest worry is inflation lor.

I like one of the foruumer's suggestion, " spend like B40" 

Unker is bringing an alternative perspective which wasn't discussed in this Forum.

A lot fella are talking about FIRE.

Unker being through FIRE and came back alive to tell you all the true story.

Try FIRE first, then we can talk.

Talking about FIRE doesn't mean anything without actually FIRE

my issue, can fired but wife dunwan.
because have to take motorbike, now drive SUV.
so continue work corporate slave lorrr...

now M40, if FIRE become B40...
so sacrifice self for family...
i plan can do grab food if boring watch Netflix at home...
consider exercise also...

I've been lucky to have been asked to go garden leave a couple of times before I moved to a new organisation.

I can't even do a month of that, so RE is an alien concept to me. FI is what I'm chasing, as what the famous saying goes, get your f- you money.

Then we can decide what we want to do with our time.

Life would be boring if like that, right?

Many don’t consider work as work. Extreme case is warren buffet that poor fellow have to work until 90 only can FIRE. Can shake leg at 60 also dun want.

For all you know that might have been fire he desired... to him..... enjoying life to the fullest......as long as he feels good who are we to say otherwise ....fire might have lost its novelty if people trying to compare too much....

well.... malaysia did go through this at least once (a version at least) rite? Asian Financial Crisis...

and one may even argue that we are in one currently.... ringgit crash from 2.99xx to 4.2.... is this not a crash?   

pretty much either diversified before the crash, or deep cuts in spending.

If I have 7mil n assuming average annual returns of 7%, I will drawdown 2% for expenses(11667/month) n leave 5% to counter inflation. My child will inherit the plan as I believe it will be hard to accumulate wealth from vocation in the AI n deglobalisation era. Need to pray that MY not becoming like Turkey.

Angmoh do safe withdrawal rate of around 4% which is basically eating into the principal at a survival rate around 20 to 25 years. It is essentially created by CONsultants to steer into their investment thingy as most people are thus convinced that it's not enough for their retirement needs.

In Malaysia we have a so far reliable vehicle called epf which historically has given us maybe +- 5.5% dividen pa. Whats so incredible about this is we do not need angmoh style of safe withdrawal ( principal being drawn down) but implement our own model of withdrawing just the dividends for our expenses. It beats their style in that we are able to withdraw( hopefully) +-5.5% yearly perpetually (100years old) without depleting our principal. By using this model plus using drawdown method also we do not need so high a retirement sum.

How many more years from now to take to reach 55 or 50?

This UM research is the one that EPF use to come up with the 3 tiers of retirement adequacy is it? Where to find details of the research?