Will you leave your present job?

[1973]

If you have S$500K and made another S$1 millions through investing in stocks, will you leave your present job. Assuming that you are 38 years old and the present job don't pay supremely well or command alot of respect.

Originally Posted by 1973

If you have S$500K and made another S$1 millions through investing in stocks, will you leave your present job. Assuming that you are 38 years old and the present job don't pay supremely well or command alot of respect.

Of course I will. Care to share how you managed to get 200% return from stocks?

No i will probably continue to work but with a supremely cocky attitude.

Originally Posted by 1973

If you have S$500K and made another S$1 millions through investing in stocks, will you leave your present job. Assuming that you are 38 years old and the present job don't pay supremely well or command alot of respect.

personally, i would leave if i have S$1.5M in investments which is able to generate passive income to cover my expenditures as well as capital gain to protect against inflation. life is too short to be spent at a job which gives no satisfaction.

It depends on your current lifestyle and commitments. At 38 you're still quite young, so im guessing 1.5M is not enough to last you a lifetime, especially if you have a family.

Secondly, sometimes investments require some luck. If you happen to buy at the bottom of the financial crisis in 2009, you would have made a lot of money. But if you quit your job now and manage your money, you may not re-produce this kind of spectacular returns. (Just giving caution given that we do not know how you made the 1M)

Thirdly if i were you, i'll quit the current job and find some other job that i enjoy just to receive some extra income

[1973]

Yes. You are correct. In investment, there is always an element of luck. Before making 1 million, I have already some success in reaching 500k. I picked seemingly extremely undervalued stocks that paid hefty dividends (the dividends come from organic growth of the companies) and just hold until they get recognised. My stocks are not restricted to those listed in SGX but all over the world. You have guessed correctly, the latest breakthrough success come from the 2008 meltdown and I am able to to make some.

My present job is the kind that some of you have been grumbling about in this forum, 5k-and-stuck-there the kind of engineering job. I am a flexible person. My lifestyle can change according to situation but I am not attached to extravagant luxuries. I do dream of a better house but am not a fan of owning car.

[Liverpool]

if ur job is very stressful and long hrs, u may want to move on to less stressful jobs and enjoy life.

if not, then just do ur part everyday in the job. keeps ur mind active too.

no joke but the old man is right, if everyday u dun excercise ur mind, sooner or later u will lose it.

[1973]

My current job isn't stressful. However, I do have to read alot to get to the high probability investment opportunity. Sometimes, the market is volatile and it does induce some stress. With two jobs, i am actually feeling abit stressful and wonder if the current day job is worth it. As you can see, fetching 5K after 10 years of service doesn't command alot respect.

Originally Posted by 1973

My current job isn't stressful. However, I do have to read alot to get to the high probability investment opportunity. Sometimes, the market is volatile and it does induce some stress. With two jobs, i am actually feeling abit stressful and wonder if the current day job is worth it. As you can see, fetching 5K after 10 years of service doesn't command alot respect.

2 jobs for a total of 5k? why don't you quit and be a full time investor?

[1973]

Originally Posted by Unregistered

2 jobs for a total of 5k? why don't you quit and be a full time investor?

the day job is 5k. The investment I am doing is considered a second job. Full time investor, even though I have some success already, I still consider there is an element of luck.....but that is what I am considering, however, since there is an element of luck in it...it is not guaranteed. But, there is nothing guarantee, many people just go out in their mid life and start their own business and strike it big....I am listening to your opinions here.