Whats your net worth

Originally Posted by Unregistered

You are doing well actually. Your net worth is $850k, which puts you among the few with such a high net worth compared to average net worth.

Assuming you are single, if you got retrenched, you can actually retire in Malaysia. You can pay off your flat loan and rent it out for $2000 pm. This will give you a passive income of RM6,000 pm (S$1 = RM3).

For a single person, RM6,000 pm is a lot of money. You can rent a nice one bedroom condo in KL for RM1,000 pm. You have a balance of RM5,000 pm to enjoy yourself, eating at nice restaurants and go holidays.

When you reach 65, your CPF Life (if you choose the highest tier option) will give you an extra $1,800 pm or RM5,400. You can use this extra money to travel the world.

If you retire in Thailand, Vietnam or Cambodia, you will be a rich tycoon.

Retire in Brunei ok?

A nice kl condo in a safe neighborhood will cost at least rm3000 to 3500 per month.

Originally Posted by Unregistered

You are doing well actually. Your net worth is $850k, which puts you among the few with such a high net worth compared to average net worth.

Assuming you are single, if you got retrenched, you can actually retire in Malaysia. You can pay off your flat loan and rent it out for $2000 pm. This will give you a passive income of RM6,000 pm (S$1 = RM3).

For a single person, RM6,000 pm is a lot of money. You can rent a nice one bedroom condo in KL for RM1,000 pm. You have a balance of RM5,000 pm to enjoy yourself, eating at nice restaurants and go holidays.

When you reach 65, your CPF Life (if you choose the highest tier option) will give you an extra $1,800 pm or RM5,400. You can use this extra money to travel the world.

If you retire in Thailand, Vietnam or Cambodia, you will be a rich tycoon.

Me 44 Wife 37.
2 kids (4 and 14), 1 maid.

Wife - part time realtor. Production varies, but generally around 50kp.a.
Me - regional head of a product line in NBFI. Between 200 to 250kpa excl bonus and CPF contribution.

Singapore
Cash 400k of which 200k is on an mortgage interest offset account.
Combined CPF 450k
Residence value 1.1mil, loan 250k (bought 2003)
1st Investment property, value 950k, loan 250k (bought 2006). Rental 2.7k
2nd Investment property, value 1.7mil, loan 850k (bought 2009). Rental 4.5k
1 Lexus IS250, fully paid, 3 years remaining.

Malaysia
All 4 properties are on 10-year sale & leaseback, between net 5-6% yield.
2 studios, bought 2014 - MYR500k+, loan 400k.
2 One-bedrooms, bought 2012 - MYR1.5mil, loan 900k
Cash MYR100k

- Malaysian properties are all for the kids' overseas education an am prepared for Ivy League and postgraduate fees if necessary.

Plus some superannuation (Aust), some EPF (Mal), some SRS. Property markets have been kind.

Believe I would be able to handle "forced" retirement in 10 years

Those who can invest, check this out. Seems legit. Problem is, his investment advice are all US based.

://joblessinvestor.blogspot.sg/2017/01/a-better-investment-for-passive-income.html
://joblessinvestor.blogspot.sg/2017/01/a-better-investment-for-passive-income2.html

Check out this one too on different ways to invest in SG. I prefer the earlier one as his returns are much higher (with examples to proof it).

://.giraffevalue.com/singapore-investment/

With property valuations falling the last few years, many people in Sg have had their net worth negatively affected. I am also not spared....hopefully, it is temporary and property will continue to go up in Sg....

But sometimes, I worry that we will go into stagflation like Japan and have dropping property valuations for decades....this makes me want to sell my investment condo and put the money into CPF SA to meet ERS early for my retirement needs instead of relying on rental income....

We are 40, own a freehold landed $2.6M plus around $1.2M in financial assets (60% cash, rest in stocks, investment funds and endowment). Debt free and quite comfortable. Will work for another 10 years then hopefully switch from current intense finance job to a slower paced one.

Originally Posted by Unregistered

With property valuations falling the last few years, many people in Sg have had their net worth negatively affected. I am also not spared....hopefully, it is temporary and property will continue to go up in Sg....

But sometimes, I worry that we will go into stagflation like Japan and have dropping property valuations for decades....this makes me want to sell my investment condo and put the money into CPF SA to meet ERS early for my retirement needs instead of relying on rental income....

Putting money in CPF SA is about the dumbest thing an educated person can do.

May I know your suggestion?

I believe you must be very smart!

Originally Posted by Unregistered

Putting money in CPF SA is about the dumbest thing an educated person can do.

Originally Posted by Unregistered

Putting money in CPF SA is about the dumbest thing an educated person can do.

Why? Please explain.