Whats your net worth

Originally Posted by Unregistered

Typical perpetual drawdown rate is 4%. With 5mil asset, you should have a safe 200k to spend a year, or about 16k a month. You shouldn't have issue to generate 10k a month.

Thanks for replying. I feel that the 4% rule applied to the past when getting a high interest rate of 5-6% from deposits and low risk instruments was relatively easy to achieve. You can get close now however I want to wait for a correction to buy some more blue chip securities.

It is not that difficult to earn a 10k passive income. A 2M portfolio having a mixture of blue chip banks, and REITS can easily get you 5-6% yield at relatively low risk.

s://theunnecessaryjob.blogspot.com/2019/06/portfolio-and-dividend-update-q2-fy19.html

Originally Posted by UnregisterED

It is not that difficult to earn a 10k passive income. A 2M portfolio having a mixture of blue chip banks, and REITS can easily get you 5-6% yield at relatively low risk.

s://theunnecessaryjob.blogspot.com/2019/06/portfolio-and-dividend-update-q2-fy19.html

I do not really believe in passive income in blue chips and REITS etc. It is not difficult but a person has to actively monitor and manage these. It gets harder as one gets older and needs to rely more on the passive income vs a salary for expenses.

I feel that the success in those financial blogs is because we have had a long run without a depression in the markets.

Also, if someone has 2M, its advisable to break that down to different asset classes and also maintain some cash for emergencies and also for a war chest which means that it will not be a straight 4-6% yield for the entire amount.

42 married
About SGD 2m in stocks cash cpf etc plus 500k my share of home equity value
Wife has more about 3m plus 500k
We made a spreadsheet about 8 years ago planning out how much we wanted to earn each year, save each year, invest each year and Target net worth each year. So far on target

coming to 45yo single
Cash 700k
Cpf 520k
No house, no car, no women,
Riding bicycle to work daily, eat cai png. Live simple

Great savings!

Why don't you buy a resale HDB flat or invest your cash?

Originally Posted by Unregistered

coming to 45yo single
Cash 700k
Cpf 520k
No house, no car, no women,
Riding bicycle to work daily, eat cai png. Live simple

I believe net worth is not that important as compared to generating passive income streams. I would rather have net worth of $500k but my passive income is 5k a mth than someone with $2m net worth that has minimal passive income.

I have always emphasized on generating multiple streams of income through a portfolio of income asset
Recently, I met Sean Seah Ex-CEO of Value Investing College recently and we were talking about building various streams of income.

He mentioned that he is challenging 5 different investors to prove if they can make $10000 in 10 days and they have taken up the challenge and will be sharing in this on 2 Nov in Expo and the entry ticket is US$97.
After some pestering, I managed to secure 30 FREE tickets for my friends and we have 16 tickets left currently.

As a way of paying forward for what I have achieved through the learning process,
I have asked him to give out this best selling book in Amazon.com call FINANCIAL JOY 2.0 (Retailing for SGD$49.90) which is a very good read for adults and young children.

So, please register fast before the FREE ticket and book is fully redeemed. Click the link below here free entry s://10k10days.eventbrite.sg?discount=Ed55

Professional Couple in our mid 40s with 2 kids

Combined assets
Cash savings: S$300k
CPF: S$850k
Overseas FH semid fully paid :S$500k
Sg FH 3 bedder condo : S$370k loan left. Worth S$1.3 mil ?
Other insurance policies etc : S$ 150k thereabouts
1 year old Toyota Altis car :S$65k loan left

Networth about S$2.5 mil combined (depending on properties valuation)

Combined income variable, about S$200k pa this year as I worked less.

This forum seem to have attract many dua bao xian AKA big canon... Fort caning canon all also kana shoot down liao.. On the other side it actuslly motivate me to keep going...

Peace out.