Wow, I just realised other than GOLD, BTC had also doubled up by alot since 2021.
If only I hv the foresight and guts to liquidate all my other savings/assets/saving plan insurance into them.
Bet BIG to WIN BIG. 👍👏

This post has been edited by MUM: Sep 17 2025, 10:56 AM


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Hawker food also double up ma

How many dare to all in? That requires huge convictions and balls of steel....!
Especially for Fire retirees... Scary one eh...

While the minimum wage was also "almost" doubled too from RM900 in 2013 to RM1700 in 2025.

just at a different rate
😇


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True in a sense, it is just that I am not comfortable with stocks.

True what you said, a well paying job is the essential enabler here, else I wouldn't have the capital to go into gold.

Also, you brought up an interesting point. For those people who are passion-driven in their career - artists, teacher etc. It's sad that they will have a much harder journey towards FI, although I believe they will be happier and derive more satisfaction from their career.

told my kids to pursue their passion... they all pick vocational careers... they will not be able to FIRE unless they start their own business...

but they can already all FIRE because of their parents wealth...

Seems to be out of touch with reality. Teachers makes more side income and more likely to achieve FI.

Hmm... assuming you are earning rm100k per month from a 4% fixed return from bond, FD etc... Would you still liquidate them to invest? Some goes investment by ratio etc, in the end I guess it's what makes one able to sleep well at night. Especially those who have not seen their portfolio drop by 75% etc to say why I never buy before.

I know of people who have stable jobs, nothing financially to worry, they put their savings into high yield stocks and got lucky. Earning enough to retire comfortably (say above rm4m). You think how many of these people will put their rm4m all in or into a ratio into yet high risk assets? Assuming they are around retirement age already with no pending financial committments aside from medical or emergencies.

When one FIRE already, I think the kick to chase more money would be lower especially knowing your current assets enough to substain you comfortably (say rm4m and above).

Side question, I still don't know how to buy BTC in Malaysia. Anyone to recommend trusted platform to buy BTC like IBKR?

side hussles dun count lah... since we just talking about main pay...

a lot of o&g rotation folks have own business on their month off..

and my business lecturer was ceo of maypack... he comes to class with 2 atur phones on the table... lol...

Vocational jobs AI-proof, that's a big plus... have you check out the rates plumber charges nowadays???

What about with robotic advancement?

U can buy a BTC etf from ibkr or other stockbrokers. eg stock symbols: IBIT, GBTC etc.

Congrats!

If i may, can you share how you navigate your kids inheriting your assets (if u plan to that is)? Do your kids know your current net worth and know they dont have to work for the rest of their lives?

Congratulations and salute your bravery going all in. Did you have a contingency plan if your all in didnt work out?

Now that your NW has more than doubled, will u still wait for another double from now, or you scaling out?

Thanks for info I go check it out. I guess need to let ETF managers earn some. lol.

have started moving funds into their epf... this way their retirement is secured... this money cannot be scammed away when we gg

since got some usd outside... gonna ask them open broker account and move some funds there buy etf before we gg...
this way no need to move money in and out...

kids know we got money but dunno how much... they follow the parents quite frugal... they also hussle and work part time when they can...

so i think they will be ok... will have a family meeting to discuss money for sure and talk about FI, our will, etc...

am not against them RE... but they need to accomplish some life goals while we are still alive...

1.2m pa at 4% is like a 30 million pot rite? (assuming no cap gain from the FI instrument)
If its me, this is highly inefficient if bulk of wealth. Should diversify out to other assets and optimize a bit.

Small amt BTC for fun, I use luno. It's really for fun as the value is lesser than 100K rm. Big amount, etf better.

This post has been edited by Wedchar2912: Sep 17 2025, 04:26 PM

I think Machine Learning is a viable field going into the future but I still believe nothing beats a pair of hands....

When I have time at the cashier (when doing shopping), I opt for cashier-in-person rather than self-check-out. Keeps a person employed, and having social interaction is better for daily living, especially for mental state of health.

About contingency plan - well, gold never fell to zero, unless you loose it. So carefully storing it (opt for private vaulting) and having it insured is one thing. Also, it is free from capital gain tax. Gold as an asset class is MONEY itself. Have a great track record for 5000+ years. No financial planner would advise you on it, because they won't earn any commission through that advice.

Ever since 1971, all currency are essentially fiat. Fiat is based on a government's debt and promise to pay. So, what quoted below is quite true:
Voltaire : All paper money will eventually return to its intrinsic value.... ZERO!
J.P. Morgan: Only gold is money, all else is credit.

When given a choice, all governments facing budget deficit and sovereign debt problem will choose to print to infinity.

So now, I am not really doubling down but just HODL (hold on to dear life).... if I need liquidity, might have to free up those bars by pledging to Lombard loans (like bank pawning) rather than selling. Once sold, will never be able to get back at the price level like in year 2021.

This post has been edited by kslee79: Sep 17 2025, 04:37 PM