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Originally Posted by Unregistered
Thanks for the assurance. Yes, I thought so too. My health is getting worse due to the high stress and unhealthy lifestyle.
I'm happy with the yield of my two condos as they are more than 10% based on my purchase price. The locations of these condos are excellent and their value will only appreciate further due to the location. In 10 years time, I expect them to go en bloc. By then my investment fund should be about $5m or more.
I will need to slowly hand over my projects and retire in 6 months time.
Thanks a lot for the advice.
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You are welcome. I hardly gave any advice, actually. One biggest unknown though is unexpected medical expenses, which may eat into your capital and dent your passive income. I've no solution to that. Insurance would help I suppose. Another way is to take on a part-time or lower paying but less stressful job, when your health is better, to build up a contingency fund, so to speak. This is what I intend to do when I retire. But if you're confident about the appreciating value of your assets, then this is probably not necessary.