Salary.sg Forums - View Single Post - How much are you earning per annum?
View Single Post
  #6423 (permalink)  
Old 13-01-2015, 02:57 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
please see replies below

Rather optimistic assumptions.

1. 5% yield so easy to find? Risk free?

of course it is not risk free but it is achievable. learn how to invest properly.

2. Cost of condo RM1k? You sure or not. Those very old and scary type is it.

sure you can get. due to the massive property OVERSUPPLY in malaysia in places like KL, penang and JB, there are many empty condos and landed houses. you can rent a nice 3 bedroom condo with a nice pool and gym for just RM1k pm. just go to Propertyguru Malaysia website and search. you don't need to buy, just rent.

3. Living expenditure on food, should allocate RM100 per day. That will be RM3000 already per month.

RM100 per day for an old retired couple is too much. RM30 per day for them is enough. you don't eat out everyday, you can cook your own meals.


Need to relook into the calculation.
I'm not sure about the other assumptions, but 5% return should be achievable, if you give yourself a reasonable time-frame to accummulate high-dividend paying stocks and/or REITS.

Reply With Quote