Investing in Retirement

[Musicwhiz]

In my personal experience, the most difficult part is what to do with the free time.

Well, I see it as a happy problem to have.

Some of my plans in case I can get to that level:-

1) Volunteer Work - aged people, handicapped children
2) Grassroots work and politics (volunteering time)
3) Free-lance consulting in my area of competence
4) Researching companies and meeting Management as a full-time investor of equities

[Bibi]

Having kids doesn't necessarily mean one cannot retire early but it would mean we need to factor in their education and medical needs in our calculation. How much to factor in depends on yourself.

My grandparents make sure my parents have enough to eat. My parents make sure i have enough to eat and an education. Looking at the crazy high flat prices which our dear govt keep saying its affordable, does that mean we as parents have to give our kids besides an education, also a helping hand in getting a flat? Do not forget about wedding dinner $. My time breakeven was $80 per person. Now it seems $110-$150 per head.
Aii, maybe i am worrying too much.

[Ben]

2) Grassroots work and politics (volunteering time)

So it is indeed true that young Singaporean are now taking an interest in politics. This is a very good sign, and I strongly believe the biggest credit should goes to WP for their ability to uplift the image of opposition party in Singapore.

[kevlee]

Thank you all for contributing, much appreciate the food for thought!!

[godjira1]

Kevlee,

Imo it depends on what you are looking to do with your lifestyle. I am semi-retired as well but because I am still relatively young (35) my money is probably invested more aggressively, with more private investments than the average retiree. I still want to grow my wealth and i do kinda work 2-3 days a week at my businesses to try to steer/guide the management.

As for what else to do, the other contributors have all given great suggestions. Volunteering for a cause (s) is great, I bring my children to those sometimes because I want to teach them compassion and that we should try to help those less fortunate. Taking up a sport or learning in earnest something like chess/musical instrument can be great use of time as well.

[kevlee]

Kevlee,

Imo it depends on what you are looking to do with your lifestyle. I am semi-retired as well but because I am still relatively young (35) my money is probably invested more aggressively, with more private investments than the average retiree. I still want to grow my wealth and i do kinda work 2-3 days a week at my businesses to try to steer/guide the management.

As for what else to do, the other contributors have all given great suggestions. Volunteering for a cause (s) is great, I bring my children to those sometimes because I want to teach them compassion and that we should try to help those less fortunate. Taking up a sport or learning in earnest something like chess/musical instrument can be great use of time as well.

I guess it's the fear of taking the plunge as unlike you I will not be able to do part time in my business. Its has always been my desire to invest full time and to do the things I want to do especially with my kids.(hence the post especially to those already doing what I plan to do).

However there's always this doubt that i'm not ready yet, I don't have enough yet, what if its a mistake, perhaps I'm kidding myself about how good an investor I am, hiaz

And then there are people who think I'm crazy to give up 20k pm.

Hope I'm not putting out too much here lol.

[godjira1]

Kevlee,

20kpm is not trivial sum but at some point I suppose you want to stop. Then it just depends if you have enough to maintain/improve your lifestyle.

For me, I do not take a salary, I hold 0.5 year of readily available cash for spending in my various bank accounts, in addition I currently hold 10pct of net worth in cash so that I can take advantage of market corrections, a great biz opportunity, etc. My portfolio of bonds and equities give enough coupon + dividends to pay for my annual spending but not much else so growth must come from capital appreciation or value of my businesses going up.

[Musicwhiz]

Wow, this thread attracts a lot of high net worth people!

I have a lot to learn, guys. Thanks for your contributions.

[paullow]

Wow, this thread attracts a lot of high net worth people!

I have a lot to learn, guys. Thanks for your contributions.

hi musicwhiz,

frankly, with your exposure to so much opinions and ideas, i am sure u can sieve out the important and unimportant, and formulate something which u can utlilize to achieve ur aims and desires.

i think its just a matter of time before u urself become successful...