Quote:
Originally Posted by LLL
Hello Uncle MK,
Can I ask why you put so much of your liquid assets into fd and tbills? Very low returns...
My net worth seems similar to yours, but I guess my situation not quite the same. I am in my early 40s but retired already. Married but no kids. My investments are in bonds, stocks, pe, and some derivatives. My yearly returns is around 250-450k but expenditure about 200k. Drive a merc and stay in condo. All paid up.
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To the post by LLL,
No doubt that the stated investments provide lesser returns. Uncle is 'old' already and cannot afford more risks but to hedge away instead. A few hundred thousand in Fixed-Ds do make a difference as opposed to having ten thousands.
Uncle admires your life due to early retirement with passive income but do make sure to hedge through insurances for unforeseen circumstances. I live a life of contentment and hope to impart knowledge to the younger ones.
Glad to learn someone of impressive records