tag:blogger.com,1999:blog-6213354074634538714.post1638760566478330143..comments2023-08-03T23:30:19.645+08:00Comments on (The) Boring Investor: The Great Retirement ChallengeLee Chin Waihttp://www.blogger.com/profile/10250390011842795509noreply@blogger.comBlogger12125tag:blogger.com,1999:blog-6213354074634538714.post-8678510092868452492015-06-01T23:00:43.244+08:002015-06-01T23:00:43.244+08:00Thanks for sharing. It is very useful to know how ...Thanks for sharing. It is very useful to know how people fund their retirement.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-46720502661434667342015-06-01T08:15:20.072+08:002015-06-01T08:15:20.072+08:00Don't need $1M to retire.
25 years ago, bough...Don't need $1M to retire.<br /><br />25 years ago, bought 5 rooms flat and now fully paid. <br /><br />20 years ago, bought $400K condo and now fully paid. Current market value $850K and net rental income of $3.5K. Balance 70 year lease.<br /><br />Dividend income from equity $2.1K ($500K @5% yield)<br /><br />CPFlife $1.2K<br /><br />Passive income : $5.6K; ($6.8K with CPFLife 8 year later)<br /><br />Expense : $4.5K<br /><br />Surplus : $1.1K (to be reinvest into equity to build asset)<br /><br />both properties will be legacy.<br />RayNghttps://www.blogger.com/profile/06085987573946040792noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-6002469958928880802015-05-05T00:32:36.172+08:002015-05-05T00:32:36.172+08:00Nay, I don't plan to retire any time soon. But...Nay, I don't plan to retire any time soon. But the thought has been planted ;)<br /><br />Correct me if I'm wrong, perhaps someone here has shown us that you don't actually need $1 million to retire leisurely ;)Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-76766785969357891582015-05-05T00:15:29.652+08:002015-05-05T00:15:29.652+08:00Thanks. I happen to just ponder about the issue as...Thanks. I happen to just ponder about the issue as I reached the middle point of my life.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-79790775251206679832015-05-05T00:13:42.491+08:002015-05-05T00:13:42.491+08:00I guess that's why people who are asset-rich b...I guess that's why people who are asset-rich but cash-poor have problems meeting their retirement needs. We need to have a balance of both to meet those needs.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-83374148979703456492015-05-05T00:08:18.581+08:002015-05-05T00:08:18.581+08:00Yes, we just have to spend cautiously, on things t...Yes, we just have to spend cautiously, on things that really matter to us.Lee Chin Waihttps://www.blogger.com/profile/10250390011842795509noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-73936618365242094292015-05-04T10:57:28.506+08:002015-05-04T10:57:28.506+08:00Ya lor!
Don't know who so lude to say $1 mill...Ya lor!<br /><br />Don't know who so lude to say $1 million alone cannot make us wealthy over our lifetime?<br /><br />Right after someone has spent 20-30 years getting that $1 million :(<br /><br />So here I come with my ironic poke :)Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-7028513297545401452015-05-04T08:37:25.363+08:002015-05-04T08:37:25.363+08:007 early. 8 early. Pour cold water. :-(7 early. 8 early. Pour cold water. :-(Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-29225018094045856992015-05-04T08:21:42.831+08:002015-05-04T08:21:42.831+08:00Chin Wai,
"You have finally accumulated $1 m...Chin Wai,<br /><br />"You have finally accumulated $1 million in assets after working, saving and investing diligently for 20 to 30 years."<br /><br /><br />Know what happens next? 2 possibilities:<br /><br />1) Beginning of the end - we start on another journey of discovery as you have described. We do what we say.<br /><br />2) Moving the goal posts - we tell ourselves that $1 million is not the same after 20-30 years of inflation. So we drag our reluctant bodies back onto the familiar treadmill and start running all over again... We say say only.<br /><br />Singapore Man of Leisurehttps://www.blogger.com/profile/13774067113884418001noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-87568684986921651462015-05-04T07:41:39.034+08:002015-05-04T07:41:39.034+08:00hi Chin Wai, another good article on the subject.y...hi Chin Wai, another good article on the subject.you are probably the only one in this space talking about this important issue because most are in the phase of accumulation and didn't prioritize about spending down.<br /><br />some recent research seem to indicate whether its affluent or not affluent spending tends to go down. thus the consistent inflation might not be a super big (but still a consideration) factor at allKyithhttps://www.blogger.com/profile/07617228143744544821noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-91094816727200846682015-05-03T18:34:23.854+08:002015-05-03T18:34:23.854+08:00Wealth = Asset Value + Cash flow (sustainable over...Wealth = Asset Value + Cash flow (sustainable over our lifetime)<br /><br />Asset Value of $1m alone cannot make us wealthy over our lifetime.<br /><br />We should look at both asset value and cash flow at the same time.<br />Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-6213354074634538714.post-19908358360601518292015-05-03T18:27:34.566+08:002015-05-03T18:27:34.566+08:00Another clear and well written article Chin Wai.
I...Another clear and well written article Chin Wai.<br />I agree it's challenging to get to the target savings and<br />Equally challenging to avoid depletion.<br />Givens today's high cost of living, a million may be not enough <br />To live a spend as you like lifestyle.<br />wkhttps://www.blogger.com/profile/01146116194259810857noreply@blogger.com