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Not sure whether this is the right thread for my question below.

For someone in the early 50s, is the asset allocation of 68% EPF & ASNB fixed price funds, 16% local equities and 16% foreign equities considered too conservative assuming the risk profile is moderate/moderately aggressive?

If it's too conservative, is it wise to sell off fixed price funds as we might not be able to buy it back later?

Ah never thought of seeing EPF and ASNB funds in terms of Allocation that way. Good insights.
Local equities are mainly dividend stocks and local REITS to generate cashflow.

I would say cashflow generated with current portfolio is enough to sustain current lifestyle. I was quite confident with my portfolio prior to 2020 and the sky high inflation which is probably the worst in terms of the speed of the rise of inflation I've witnessed in my lifetime so far. Now, I'm not too sure whether the current portfolio can withstand sustained high inflation, hence the posting of the question over here

For those that aim to retire. RM240,000 cannot already. need 3.9m according to study below. That's about USD1m said many times in this forum.

HSBC survey shows Malaysia’s mass affluent aim to stop working by age 57, need RM3.9 mil for comfortable retirement

https://theedgemalaysia.com/node/689008

5. Turkish Lira
Percentage Decline in Price in 2023: 44%

What should a person whom already FIRE invest in or keep their fund to ensure he will be FIRE status and above throughout his life?

You really think with 10mil, inflation wouldn’t be an issue? I can’t help but think about countries that suffered meltdowns like Zimbabwe and Argentina…..

can i just retire with rm4.3 mil ? 2.8Mil in epf and the rest in asnb?

passive income of rm18-20k monthly

passive around 20k.

Just curious... since earlier you mentioned your passive income... and then mention lean Fire vs fat Fire, i am just wondering if you defined lean fire to mean your current passive income?

Cos usually lean Fire is a supposed to mean frugality and require lowering of one's standard of living, and to be benchmarked to standard of living/income of population. So M40 benchmark is fair, at around 12K rm toppish per household.

20K currently would be way more than FIRE requirement (and the fact that this is most probably T05 household income).

Technically yes. As our official retirement age is 60, since 2012.

Nonetheless, growing up, this stuck in my head. My secondary school teacher shared this info once:
for government employees back in 1990s and before, official retirement age was 55.
Men can apply for early retirement at age 50; while women can apply for early retirement at age 45.
(teachers had incentive to do so, as they can teach tuition and earn better income)

how old r u? actually i also don't have the desire anymore.  but need another new car to replace another. in fact, i dont know what car to buy also 😅

Actually, what you are aiming is technically FAT FIRE, because there is no sacrifice at all to your lifestyle when your passive income became the same as your current active income.

Active income is not your actual clean active income rite? as you have to deduct a certain % for savings/epf/taxes/mortgage payment etc...
At retirement, it is really your spending that counts... by virtual that your passive income is equal to your active income, it actually means you can spend like 2X your current spending at very least.

A simplied example:
a) Currently working earn 20K rm. After tax of like 18%, EPF of 11%, savings of 11% and mortgage&loan of 20%, leftover is 40%. It is this 40% of 20K rm that you spend every month.
b) at retirement, if passive income = active income, that is 20K rm, or 100% of active income. 
    There is no need to save anymore technically.
    hence, what you can spend is 20K/8K = 250% of 8K. that is, at retirement, you can spend 2.5 times of what you normally spend b4 retirement.
c) this is fat FIRE.
While each has own view of retirement, many a times I personally find it confusing why so many think retirement must upgrade one's lifestyle.
Staying same lifestyle is normal FIRE (actually, I think the core FIRE movement expect some sacrifices like no more starbucks everyday), any upgrade is super big bonus.

another thing to consider as right pointed out, if you retire early, what will you do for the rest of your retirement. If retire at 50, thats  up to 30-40 years of life planning.

Apparently there is another FIRE category, called Barista FIRE, which is in between lean and fat. You basically retire from your full time job, but still work part time/freelance whenever you want, as needed.

 

I just finished looking at my networth... dang... down by 10% this week alone.

Still, don't think my monthly spending budget need to be revised yet... Its still way below the traditional 4% SWR....

but still hurts to see a crash of 10%

Yes it is (my house excluded from the calc).
1 week wipe out the gain of a normal year.

Just came across this article this morning on the amount required for retirement. T20 retirement sum for 25 years required 7m

Sos

Hi bro,... emm,... well, it's better to advise the young ones to work hard first and do not sway from this goal. Go out there, see the world,.... go after the big bucks, and we support them in their endeavours.

I feel it's not too good to start teaching them abt investing too early, things like making loads of money from 'investing',... things like this. Then they become complacent, thinking it's better to invest and 'shake legs', money makes money, etc,... looking at how their father did it.