Why wait for another 10 years? You can actually retire in 5 years time. How? Very simple. You can rent out your flat after MOP (5 years). Say you can rent out at $2500 pm or $30k pa. Your dividends let's say give you 4% yield, so you get $40k pa. So in total your passive income will be $70k pa. You can retire like a rich man in JB. When you convert your $70k pa passive income, you get RM182k pa or RM15k pm. You surely can retire like a JB tycoon with that kind of money. You can rent a big condo, drive a big car and can eat at restaurants every day.
Quote:
Originally Posted by Unregistered
We sold our landed property last year at its peak price. We bought a few years ago at a very cheap price, after that prices went up so crazily for landed properties. So we decided to sell last year. We made a profit of $1m. We then bought a 4 room HDB flat for $400k, paid in full. Together with our cash savings, we now have $1m which we invest in high quality blue chips to get nice dividends.
We are happy we took the right decision to cash out our landed property, now prices of landed properties are crashing. Now we see so many people trying to sell their landed properties but cannot sell because they don't reduce their prices. These greedy people can wait and wait as they watch prices crashing. We think landed property prices will fall by 30% or more over the next 5 years.
With our perfect timing, we can now retire in 10 years time instead of 20 years. |