Whats your net worth

Late 40's married couple, makes $190k pa combined. Owns a 3 bedroom condo, still have mortgage loan to service. Net worth, about $2.4m, most of it in condo.

Upon retirement, we will sell the condo and buy a small one bedroom condo in the Jurong Lake District. We like the lake area, where there is fresh air for us to enjoy when we do jogging.

We will invest the cash balance in blue chip stocks to give us 5% pa of dividends. So we will retire with the dividends and the payout from our CPF Life.

Originally Posted by Unregistered

Late 40's married couple, makes $190k pa combined. Owns a 3 bedroom condo, still have mortgage loan to service. Net worth, about $2.4m, most of it in condo.

Upon retirement, we will sell the condo and buy a small one bedroom condo in the Jurong Lake District. We like the lake area, where there is fresh air for us to enjoy when we do jogging.

We will invest the cash balance in blue chip stocks to give us 5% pa of dividends. So we will retire with the dividends and the payout from our CPF Life.

No kids? No life.

Hi,

I like to seek advice on the portfolio breakdown of those who is making dividend of 5% annually in blue chips share.

How many companies do your portfolio consist and what is the percentage? (a basket of 10-15?)

Which industry sector are the shares invested? (telco, bank, reit, mfg?)

I have invested little in shares (all are IPO), which make up 5% of the liquid money. Most of the other money invested equally in insurance, structured notes and structured deposit that generate about 5%.

I wonder whether should switch my investment more to blue chips shares like most retired forumers to generate passive income of 5% and have liquidity.

Thanks

Originally Posted by Unregistered

Trust me, you won't retire when you reach 55 and achieve your $5m target. That's what we thought when we were 50, always counting our savings and telling ourselves we'll retire at 55.

Now that we have achieved our savings target, somehow the level of stress seems less and work does not look too bad. The mere fact that we could simply walk away from our job knowing that we have enough to live comfortably for the rest of our lives make things at work more tolerable.

Once you hit that savings target, it gets better from there. The rate of increase in savings get faster. You will be surprised how easy it is to hit $6m when you achieve $5m, especially when the money is working hard for you. That's why they say the rich gets richer.

We are now contemplating retiring at 60, and based on our savings rate trajectory, we think hitting $7m - $7.5m is highly possible. Remember by then your children could be contributing to the household as well thereby reducing your expenses, and increasing your savings!

Am I right to say that while the stress level drops, there will always be a level of stress because of deadlines to meet and presssure to perform?

Currently 29 years old, turning 30 later this year.

Cash - $56k
Stock/Shares - $124k
CPF - $146k (in investment; HDB; OA, SA and MA)

Yes there will always be stress, even when you are retired.

Having options alleviate the mental stress - greatly.

Example 1:- your boss tells that if you dont finish such and such work by a certain date/time, you can kiss your bonus goodbye.

When you have enough savings and a passive income that can adequately fund your retirement. You will be thinking - "you can keep that bonus" - to put it nicely.

I used to be stressed out worrying not only will I lose the bonus, but also promotions etc. Now that kind of stress is gone.

When performance assessment time draws near you will see colleagues trying to outdo each other and even back stab to be one up. Now I dont get anxious about such things either.

Originally Posted by Unregistered

Am I right to say that while the stress level drops, there will always be a level of stress because of deadlines to meet and presssure to perform?

Yeah I have a colleague all ready for retirement, would leave office on time while rest of us stayed back to show we hard working. Lol.

Some more he no longer want to fight for assignment lead just happy to be a project member. Less stress for sure.

Drive merc, stylo mylo.

Originally Posted by Unregistered

Yes there will always be stress, even when you are retired.

Having options alleviate the mental stress - greatly.

Example 1:- your boss tells that if you dont finish such and such work by a certain date/time, you can kiss your bonus goodbye.

When you have enough savings and a passive income that can adequately fund your retirement. You will be thinking - "you can keep that bonus" - to put it nicely.

I used to be stressed out worrying not only will I lose the bonus, but also promotions etc. Now that kind of stress is gone.

When performance assessment time draws near you will see colleagues trying to outdo each other and even back stab to be one up. Now I dont get anxious about such things either.

Office politics, fighting for promotion, appraisal, boos bias view....

I care none as I know that my passive income is more than the promotion, bonus.

Just work as what I am being paid, and shut off all this pretentious working relationship

Stay away from the internal fight, enjoy my personal family time.

Originally Posted by Unregistered

Yes there will always be stress, even when you are retired.

Having options alleviate the mental stress - greatly.

Example 1:- your boss tells that if you dont finish such and such work by a certain date/time, you can kiss your bonus goodbye.

When you have enough savings and a passive income that can adequately fund your retirement. You will be thinking - "you can keep that bonus" - to put it nicely.

I used to be stressed out worrying not only will I lose the bonus, but also promotions etc. Now that kind of stress is gone.

When performance assessment time draws near you will see colleagues trying to outdo each other and even back stab to be one up. Now I dont get anxious about such things either.

Originally Posted by unregistered

late 40's married couple, makes $190k pa combined. Owns a 3 bedroom condo, still have mortgage loan to service. Net worth, about $2.4m, most of it in condo.

Upon retirement, we will sell the condo and buy a small one bedroom condo in the jurong lake district. We like the lake area, where there is fresh air for us to enjoy when we do jogging.

We will invest the cash balance in blue chip stocks to give us 5% pa of dividends. So we will retire with the dividends and the payout from our cpf life.

just shuddup about jurong lake district already can?

Originally Posted by Unregistered

just shuddup about jurong lake district already can?

Agent for Jurong Lake District??
Wonder why ppl say they like the fresh air there... the air there are all particles from Jurong Island refinery and also Tuas, Boon Lay... all toxic air..