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The RETIREMENT thread
- Thread starter Leongsam
- Start date
Absolutely agree and I am with you on this
Enjoy doing what you love.
Gardening-I grow a few plants.
Pets-I bring my dog to the park, beach, anywhere dogs are allowed.
Swimming-Swam at least once a week.
Pub-listening to music while sipping my Peppermint 7-up.
Netflix-watched a few block busters, real life documentary- just finished 3 seasons of how Pablo Escobar built his cocaine empire. Got betrayed by his most trusted hitman and bodyguard.
Music-Listening to oldies but goodies.
Cooking, as simple as making a tuna sandwich.
Exercise-brisk walking and swimming.
And many more.
Take care of your health Always.
Gardening-I grow a few plants.
Pets-I bring my dog to the park, beach, anywhere dogs are allowed.
Swimming-Swam at least once a week.
Pub-listening to music while sipping my Peppermint 7-up.
Netflix-watched a few block busters, real life documentary- just finished 3 seasons of how Pablo Escobar built his cocaine empire. Got betrayed by his most trusted hitman and bodyguard.
Music-Listening to oldies but goodies.
Cooking, as simple as making a tuna sandwich.
Exercise-brisk walking and swimming.
And many more.
Take care of your health Always.
Sounds like a great life, would be greater if you can grow your own vegetables and cook them.
Wow, one hundred stocks in your portfolio! How do you find the time and energy to monitor each of them effectively. Wouldn't that be a lot of work?
I don't choose it's done by Milford Asset management. They choose the basket of stocks based upon the risk profile that you opt for.
Just curious:
- what is the minimum amount one must invest with them in order to be a client?
- what is their fee structure?
- are they any good in terms of returns?
Thanks...
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machiam like the ETF i buying like that. now i blindly throw 2k monthly into the 4 ETFs i have (asia, US REIT, US mid cap, snp500). hope i can achieve what u do boss in near future.
@Leongsam I just come across this thread. I enjoyed reading the great advice from fellow bros here. Please keep sharing your views and how you intend to get there.
FYI, My thinking is we should not follow the old wisdom of retiring at 65 or 67 because nobody guarantee you can live till that age. Even if you could, by then you are too old to pursue your hobbies. I agree with Boss Sam that retirement is about being able to do something that you truly enjoy , even if it pays lower, rather than to slog your life away till old.
The challenge is the career lifespan of the average Singaporean gets shorter and shorter by the year although the official retirement age keeps getting extended. It used to be people simply retired at 55, the official retirement age.
Nowadays we have an official retirement age of 70 but yet companies are letting go people, especially the PMEs, in their early 40s. That's easily another 25 - 30 years left of driving PHV or doing Food Panda till retirement. No joke.
Don't plan to retire. Just plan to work till you drop dead. It takes a lot of pressure off. Seriously.
That's my plan now.
Of course I still try my luck with gambling lah. "stock market". "cryptocurrency". "Lotto 649". "Lotto Max". They are pretty much the same thing. If lucky and win a big enough prize then maybe can stop work before dying.
But when I have resigned and accepted just work till die I feel better. Not so stressed and worried. I mean when die already the value of money to me is pointless. And stop work with no money worry about what to spend is torture lah. What for? Those people can travel round the world. Go cruise. Fly business or first class. Sit in nice atas lounge at airports. Go for expensive dinners. I really envy them. There is no way I will ever be able to make that kind of money. Just too bad.
But ok lah. My life is not too bad. Weekends rest and enjoy the Canadian outdoors. Simple life lah. I would advise those younger folks to study the right things go where the money is. Finance is the best. The world will always need finance people whether it is crypto or still currency. As long as there are businesses selling shares. As long as there is need for investment. As long as there are taxes. Will always have one. And these type of industry you can make a lot very fast in short time. Big bonuses.
Do not do the fields that are taking care of people type with no financial component. The "vocations" so to speak. Like medicine. Nursing. Health care aide. Teaching. Child care. Senior care. Physiotherapist. Counselor. Social worker. Domestic maid/caregiver. Taking care of people is the number one most talked up but most poorly paid field in the world. And the trend is remuneration in these fields will continue to fall with time. Don't fall for this absolute lie where they tell you it is noble and all that shit.
I don't see any top top DJIA or S&P 500 corporation that deals with these types of industries correct?
well if nobody wants to do nursing,Health care aide, Teaching, Child care, Senior care, Physiotherapist, Counselor, Social worker, Domestic maid/caregiver... all of us will be fucked one way or another lol
this is excatly my definition of retirement - It's about stopping the job you are paid to do and indulging in work that you love doing instead.
Bro, Care to elaborate why it it?
That's where we are heading to.
But there will always be people with good hearts who have no desire for money. Maybe the very rich.
In the olden days it was the nobles who took are of their peers. Noblemen were the ones trained as physicians. The health care peopel were taken care of by the nobles in their work. In turn nobles helped the poor.
That should be the way.
Let people like Elon Musk and Warren Buffett and Zuckerberg and Gates be physicians and surgeons.
There should be a case for only billionaires and their offspring can be drs.
Congratulation Boss Sam. This is so inspiring. I have some questions for you:
1) 75% of your portfolio are in quite conservative investment - term and cpf. Does that mean your property had appreciated many folds? If not, it would mean your initial investment is huge to begin with?
2) At what age, age range did you achieve this? 40-45, 46-50, 51-55,56-60?
3) How many years did it take you to reach this figure, what was your starting point in amount?
4) If you were to start again right now, in current investment climate, what are the 3 things that you would do differently.
Thank you once again for sharing. I wish you continued success and good health.
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