Quote:
Originally Posted by Unregistered
Hi
I do agree with you that we are our own best asset. That is why I have decided to invest full time three years ago rather than working in a job I don't like and not good at. I have been investing for the past 30 years and am good at it. I decided to devote my time to investing full time and seeing the fruits of my decision. My current passive income covers more than my expenses and my capital gains have grown significantly since I invested full time. With more time devoted in doing my research, my stock picks got better.
Now at the age of 58 and with no dependents, I can afford to have more time to pursue other interests besides investing full time. My wife enjoys my company at home. We are now closer as a couple. We love exercising in the parks together every morning before I start my work at home at 9am when the market opens. We don't drive as our penthouse condo in next to an MRT station. |
Exactly. You should enjoy your retirement life within your means.
You should be more than happy if your replacement income (plus inflation) is more than your total income prior to retirement. In that case, quality of your retirement life will not be inferior to that of full employment.
OR at least you can generate 70% replacement income, you should not be worry whether you can retire or otherwise.