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The RETIREMENT thread

LeMans2011

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

So fast?!!? Why leh??

It was dormant until 2011 when it started to gather steam. In 2012 it shot up fast n furious. Those who purchased before 2011 has seen their asset values doubled... however one cannot expect the same momentum going forward. Requalify my statement it has not exactly peaked... but the period of goldem opportunity is over. Whoever puts money in now is a judgement call.
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

It was dormant until 2011 when it started to gather steam. In 2012 it shot up fast n furious. Those who purchased before 2011 has seen their asset values doubled... however one cannot expect the same momentum going forward. Requalify my statement it has not exactly peaked... but the period of goldem opportunity is over. Whoever puts money in now is a judgement call.

Since you can foretell the future, you must be an extremely rich man by now. I've never been able to read any market the way you can.
 

LeMans2011

Alfrescian
Loyal
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

Since you can foretell the future, you must be an extremely rich man by now. I've never been able to read any market the way you can.

I cannot foretell the future that's why I said it is a judgement call. Even for those who has holding power. Who would have thought the lovely waterfront houses at Gold Coast would become a curse like it is today? Bracing for massive flood every year, I was told the locals have renamed Hope Island to Hopeless Island.
 

tonychat

Alfrescian (InfP)
Generous Asset
Re: dedicated to Leongsam: 4 Things Rich People Should Stop Saying

Since you can foretell the future, you must be an extremely rich man by now. I've never been able to read any market the way you can.

He didn't foretell the future. He is just talking about history. he mentioned 2011 and 2012, and now is 2013.. Maybe he did mention he knows this would happen in 2009.. but i didn't come across him posting this.
 

STUCK_HERE

Alfrescian
Loyal
Here's a retirement question. Is it better to not work and live on your retirement fund or work at some menial job like McDonald's and get some income?
 

Leongsam

High Order Twit / Low SES subject
Admin
Asset
Here's a retirement question. Is it better to not work and live on your retirement fund or work at some menial job like McDonald's and get some income?

Only if you find working in McDonalds immensely satisfying. Otherwise, I'd recommend other sources of income.

Nobody should stop working after they retire. Work is good for the soul and the mind. However, you should stick to what you love doing and which offers the flexibility for you to pursue your hobbies and your passions.
 

Thick Face Black Heart

Alfrescian (InfP)
Generous Asset
I do not like the Robert Kiyosaki model of rapidly creating and selling businesses. This model has no concept of loyalty, the inculcation of the ability to change, withstand adversity, and building an enterprise for the long run. I think these are important values.
 

iamfree

Alfrescian
Loyal
Here's a retirement question. Is it better to not work and live on your retirement fund or work at some menial job like McDonald's and get some income?
To each its own.

As for me, early retirement means that I am able to do what I want, when I want. The best thing is that there is no one that you need to answer to, for your actions. If you do not like what you are doing (or unable to complete your task), then no worries! Just move on to another new task that catch your fancy.

I do not find working at McDonald fulfilling. But others may.
 

kryonlight

Alfrescian (Inf)
Asset
Here's a retirement question. Is it better to not work and live on your retirement fund or work at some menial job like McDonald's and get some income?

Maybe work part-time. Income can be used to offset unforeseen inflation, or to give yourself a short regional holiday.
 
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