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 200k before age 30

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ListenToTheWind
post Oct 17 2022, 05:05 PM

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RM200,000 put in Maybank = RM27 dividend per day.
Basically you got your lunch and dinner money covered already.

Very good.
ListenToTheWind
post Oct 17 2022, 05:15 PM

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QUOTE(Knnbuccb @ Oct 17 2022, 05:07 PM)
Dividend so good one? Wth ... If I'd known....got so much meh, like that if I convert all my foreign currency and put in 2 +million Maybank shares,  dividend get 270 per day I can just do something I love and not be worried about daily expenses? Sounds legit. Everyday Cheong rm200 then rm70 for meals. But the only issues is garment making it hard for pharmacist from foreign country to come back. Bodo.
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Yes it is.

But this strategy only set back is if you withdraw all dividend, the yield will not readjust according to inflation.
ListenToTheWind
post Oct 17 2022, 05:41 PM

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QUOTE(Knnbuccb @ Oct 17 2022, 05:30 PM)
dont withdraw all dividend lo... just use whatever u need and the extra leave it in, plus the principal u invested will always go up if the price of theshare goes up.
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Even if you don't withdraw at all, the dividend yield is not good enough to keep up with inflation.
Food eat out inflation rate is around 7-8%.

 

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