(14-07-2016, 04:53 PM)funman168 Wrote: [ -> ]thanks brattz, CityFarmer & weijian for
choosing to believe me. Life is too short, just go ahead & do what u hv always wanted to do
Hi Funman,
good luck on your journey.
My 2 cents worth: Whether it's enough or not depends on your individual "level". There are many with much less than you, who would be contented and think it's enough. There are also many with much more than you, who find it inadequate.
TBH, me and my peers are much younger than you, and our earnings are >>>$100k/annum, and yet most of us find it insufficient.
well, not exactly dissatisfied, but insufficient as in we're still striving hard for more.
You talk about your previous work being long, tiring, restrictive etc.
One of my peers works 12hours a day every day, except 2 weekdays where he takes the evening off. (9-7pm)
Yes, i mean every single day, including sats and sundays.
I really don't mean this in an arrogant way, just trying to explain that it's really up to your individual level and what you want to strive for.
In terms of the investing part, instead of just looking and thinking of it in terms of an exact quantum ($30k/yr), I'd look at long term, time-weighted ROI data to determine if it's going to work out.
Just looking at it in terms of a quantum is misleading. You don't know how inflation would eat away at your capital. Your investment gains has to cover the inflation, just to keep at the same inflation adjusted capital after several years.
A time weighted ROI, over the long term, would at least tell you exactly how good you are vs the markets or any other benchmark you'd like.
I am not much of a trader, and I try as far as possible to not put any $$$ into my CPF. Once it's in my CPF, I take it that the money is gone and don't do anything aside from buying property with it.
If your trading results in the long run, can provide a ROI that consistently beats the market, then you might want to consider (as what someone has described in an earlier post), to refi your property and manage the liquidity from the property instead.
Afterall, the funding costs are still relatively low and likely to stay low for a long while.
Also, when i say long term, i mean >5years of data, and preferably including some crisis/recession as only that can indicate the true performance.
Just my thoughts.
Cheers