How much are you earning per annum?

What's your definition of income? Salary * 115% (CPF) * months?

Anyway here's mine: 94k
senior software engineer

Retired millionaire couple, 56 & 57 yo. We were very successful professionals.

3 BR luxury condo in a good district, paid up. New car, paid up.

Earning passive income from our investments. Has huge savings too.

Currently busy with traveling, exercising in the gym, swimming, reading, managing our multi million portfolio, volunteering at charities, spending more time with old friends and family, watching movies, etc.

Living a full life.

150kpa. Wife at 85kpa.
Cash 190k
Car paid up
HDB loan left 100k
No clue about investing.

Any suggestions on how to build up portfolio?

Originally Posted by Unregistered

150kpa. Wife at 85kpa.
Cash 190k
Car paid up
HDB loan left 100k
No clue about investing.

Any suggestions on how to build up portfolio?

Between we are 28 and 29 yo

Originally Posted by Unregistered

Retired millionaire couple, 56 & 57 yo. We were very successful professionals.

3 BR luxury condo in a good district, paid up. New car, paid up.

Earning passive income from our investments. Has huge savings too.

Currently busy with traveling, exercising in the gym, swimming, reading, managing our multi million portfolio, volunteering at charities, spending more time with old friends and family, watching movies, etc.

Living a full life.

Congratulations! Please share with us the following:

1. Your net worth
2. What is your average passive income per annum
3. What do you invest in for your multi-million portfolio

Hope to learn from you.

Originally Posted by Unregistered

150kpa. Wife at 85kpa.
Cash 190k
Car paid up
HDB loan left 100k
No clue about investing.

Any suggestions on how to build up portfolio?

Schroeder Asian income fund might be what you are looking for. Dividends of about 5% paid monthly. It should be a Long term investment for appreciable capital gains to occur.

We plan to retire in seven years time at 55 after we collect our CPF. Our condominium home is paid up. We envisage our children to be working by the time we retire at 55.

We estimate that we (just the two of us) will need the most $48k pa ($4k pm) for retirement expenses upon our retirement at 55. This expenses will be covered 50% by our passive income from dividends ($24k pa) and 50% from drawing down our cash savings ($24k pa).

When we retire at 55, we will not need a car as our home is near an MRT station which connects us to many amenities. We also believe in a car lite society and we don't want to contribute to air pollution.

By 65, we will receive $4k pm or $48k pa (from CPF Life) on top of the $24k pa from dividends. So at 65, our passive income will be $72k pa, which is so much more than what we need. Any surplus will be saved into our cash savings.

So, we will leave behind our condominium unit, cash and CPF savings, dividend stocks and CPF Life bequests to our children when we pass away. This is considered a lot. Anyway we don't want to spoil our children by leaving behind too much wealth. We want them to work hard and have the pride to accumulate their own wealth. This is our family's core principles and ethos. We came from low income families and we value hard work.

Cant really tell how old you are (although you claimed to be 7 years away from 55) but from what you wrote below, it showed you dont really have much life experience. Here are some of the factors to consider.


1. In 7 years time, the $48k in today's dollars will be worthed maybe $40k or less.
2. One medical emergency, for eg., an MRI or surgery will set you back many thousands of dollars. Once this expense eats into the your capital, you can forget about your $24k dividend income.
3. Your children probably havent completed schooling, and their education expenses havnt peaked yet. If you need to send your children overseas for their uni education, be prepared to spend anything from $40k to $55k a year for each child.
4. Leaving money behind for children is not spoiling them especially when you passed on in your late 70s or 80s. You children will be in their late 50s. Will they be spoiled at that old age or will they be glad that their retirement is more secured with the inheritance?

Originally Posted by Unregistered

We plan to retire in seven years time at 55 after we collect our CPF. Our condominium home is paid up. We envisage our children to be working by the time we retire at 55.

We estimate that we (just the two of us) will need the most $48k pa ($4k pm) for retirement expenses upon our retirement at 55. This expenses will be covered 50% by our passive income from dividends ($24k pa) and 50% from drawing down our cash savings ($24k pa).

When we retire at 55, we will not need a car as our home is near an MRT station which connects us to many amenities. We also believe in a car lite society and we don't want to contribute to air pollution.

By 65, we will receive $4k pm or $48k pa (from CPF Life) on top of the $24k pa from dividends. So at 65, our passive income will be $72k pa, which is so much more than what we need. Any surplus will be saved into our cash savings.

So, we will leave behind our condominium unit, cash and CPF savings, dividend stocks and CPF Life bequests to our children when we pass away. This is considered a lot. Anyway we don't want to spoil our children by leaving behind too much wealth. We want them to work hard and have the pride to accumulate their own wealth. This is our family's core principles and ethos. We came from low income families and we value hard work.

Originally Posted by Unregistered

Schroeder Asian income fund might be what you are looking for. Dividends of about 5% paid monthly. It should be a Long term investment for appreciable capital gains to occur.

Thank you for your recommendation. Looks like everyone here invests to build their wealth but seems like ppl from the non banking industry will not be able to achieve 5 million net worth.

Anyone with 5mil net worth who doesn't buy funds care to share your route to success?

Congratulations! Looks like you have all planned out. Do enjoy your retirement. I am enjoying mine!

Originally Posted by Unregistered

We plan to retire in seven years time at 55 after we collect our CPF. Our condominium home is paid up. We envisage our children to be working by the time we retire at 55.

We estimate that we (just the two of us) will need the most $48k pa ($4k pm) for retirement expenses upon our retirement at 55. This expenses will be covered 50% by our passive income from dividends ($24k pa) and 50% from drawing down our cash savings ($24k pa).

When we retire at 55, we will not need a car as our home is near an MRT station which connects us to many amenities. We also believe in a car lite society and we don't want to contribute to air pollution.

By 65, we will receive $4k pm or $48k pa (from CPF Life) on top of the $24k pa from dividends. So at 65, our passive income will be $72k pa, which is so much more than what we need. Any surplus will be saved into our cash savings.

So, we will leave behind our condominium unit, cash and CPF savings, dividend stocks and CPF Life bequests to our children when we pass away. This is considered a lot. Anyway we don't want to spoil our children by leaving behind too much wealth. We want them to work hard and have the pride to accumulate their own wealth. This is our family's core principles and ethos. We came from low income families and we value hard work.