but singapore's 3.5 usd dollar for their T01 is also a bit too low...

I would have also thought that 3.5 usd would be T01 of Malaysia.

That's why i mentioned that we have no idea how Knight F calculate these stat.

but the real question is what is the cutoff to be T10 and is that number really enough to survive for 20 years?

here many already saying 2 million ringgit is not enough to retire... so I guess T10 is destined not to retire also.

decide on what??

if suddenly there is an extra 0 in my networth, my long term mean spending pattern also won't change.
But sure heck I would take the opportunity to cut out 10% (ie current one now) of the new networth, divided it by 12 and forced myself to spend that amount each month. That should be fun.... oh wait, I think got movies out about forced spending already.

haha.

This post has been edited by Wedchar2912: May 20 2023, 01:11 PM

no way... a bloody useless nobody local politician also can get away with couple of hundred millions and this is not even minister level yet. A umno minister also 1 billion type in court case.
we must not look down on our PMs, and I mean all of them..... 10 billions usd also is nothing to them.

we are like ants to them.

what you have is the best geographical arbitrage for a employee.... like you said, the exchange rate advantage is like having a 3X special item multiplier effect in attack points for retirement...

Any better would be to the olden days full expat package when being posted overseas.

it is not as fun as you think... especially if you are a producer and there are actual work that you actually contribute to completion. the weekly traveling is extremely tiring; based on actual experience and I was like in my 20s.

But I guess if the post is the useless management type role where you just fly here and there and meet the actual local heads and just talk, then maybe it can be fun.

don't worry... I think Ramjade is not using any local broker (i don't know any that offers such facility) to sell options.

legally no need to declare anything as long as not bring the premium back to Malaysia

haha... well, actually leading and/or overseeing a project is very different from what I mentioned about useless management... go and talk cock is not leading, so I am sure that is not what batman is doing (the talk cock part).

yeah, you also experienced the same it seems... flying at night across continents and heading into office immediately to work after clearing immigration. not fun at all... although get to accumulate nice flight miles to use for personal vacations.

edit: to add the "not" word... else the statement is opposite of what I wanted to state

This post has been edited by Wedchar2912: May 20 2023, 08:52 PM

if this is all you plan to spend, 3 million is more than enough. this is barely 2% drawdown.
you have 1 times buffer if u have faith in the 4% rule.

imo, if he is not sending money to Malaysia, then it should be ok.
ie, I am sure he has funds in Malaysia and by utilizing said funds, he can prove he is drawing down on his own assets in Malaysia and that is fully in compliance with tax code. nothing illegal.

of course, if flashing spending like getting a 5 series, that may attract more effort by LDHN.

fully agree.

hence why I mentioned as long as he didn't remit his funds back to Malaysia, which naturally means he is spending his savings here, ldhn will not waste too much effort.
these spending he can prove the source of funds, so no issue at all to withstand any casual queries by LDHN. Just need to show them his bank accounts/FD/EPF/etc drawdown and no one cares.

Luckily (only lucky for those who are prepared to retire) with covid/MCO, not too unrealistic for many to lose their jobs... can hide as part of statistics...

Only if your direct manager/boss can be trusted... and if there are precedence that your firm allow such arrangement.

else, you may soon find yourself at the wrong end of the wrong type attention.

if your wife is fine with working (better still if she is enjoying her work) or the work load is decent, let her continue... Also does this mean you don't need to give her any monthly allowances? hehe

if it has not happened yet, she would be very relief the day her epf can generate dividend higher than her yearly expenses

nice.... u make me envious....

in the context of whole Malaysia, T10 average salary is only around 8K rm per month.

so, working backward, around 1.5 to 2 million in EPF generates T10 lifestyle without working. good enough?

the scary part is T10 only 8Krm salary per month.

what to do.... i just use what is official available for us to view in terms of stats... given by dosm.

also I picked the one for whole Malaysia... KL's T10 is 11K rm pm.

that's the scary part... if the stats is true... what does it mean?
if the stats are false or outdated, it just means gov skewing the data...

definitely not easy for many of us...

I know many is basically cutting down eating out in order to prioritize on spending that is important. Not great when some even said there were no increment thanks to wfh (of course the bosses won't outright mention it)

What you are trying to say is diversification... real estate is just one type of asset, and there are ways to gain exposure to it.
real estate has its own risk (and reward).

Don't focus too much on whether 5 million is a lot now or a lot later. The key is whether one can accumulate 5 million now or what is the equivalent (today) of 5 million value in the future. And then invest properly based on one's risk appetite.

(if you want to be stricter in your criteria, then choose a few developed countries you prefer such as SG or AU or US and see if your accumulated networth allows your to retire there comfortably. if can, then it should be quite safe)


btw, never ever believe that a particular asset class for sure will do something. In your case, you are fixated on real estate as the sure win asset. Always diversify to ensure appropriate risk mitigation. (working for salary is also a risk mitigation activity).

btw, I never invested in real estate for rental income, and I am glad to say that my networth has only ever seen a drop in 2008. The subprime crisis was really scary that even active income also cannot compensate.



This post has been edited by Wedchar2912: May 25 2023, 05:42 PM