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So do you have any kids? Mind to share how much you donated to the poor so far and how much are you keeping to your kids.. Ppl always convince others to donate their wealth, but they keep all their wealth to themselves or kids.. You are not gates or buffet (they start it with themselves and convince others by doing it), If you cant do that, stop being a wannabe.. |
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Hi Whizzard et al. Thanks for the education for the rest of us. Any suggestions for a couple in 40s with S$3M income a year, pre-tax? We are not financial instruments-savvy and hold only properties (2 residential and 2 commercial). We are still working and the cash is just piling up in various banks. Very negligible equities etc. Any uncomplicated pointers will be much appreciated. Zero debt. 2 paid up Japanese cars.
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Find your sweet home |
My wife and I retired last year when I was 55 and she was 60. We sold our landed property for $2.5m. We then bought a one bedder condo for $900k. We invested $1.6m and we got $80k in dividends per year. We also have about $200k in cash. Since we no longer own a car, our annual expense is only $40k per year. My wife cooks while I help out in the house work. We enjoy relaxing by the pool. All this is possible due to my investment foresight to buy our landed 20 years ago. I forecasted that our landed price would go up a lot. My prediction came true. We are able to retire in a condo because of my investment wisdom.
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You're playing with fire. You assume prices remain or rise. You assume your REITs will the same or rise and give you regular dividends. If the market crash, you will lose your home and will be begging on the streets. Safer for you to sell, cash out and downgrade. You have not experienced the worst. Banks just love idiots.
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