Investment for a living

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#21
Everyone want work life balance, high pay, no stress, good benefit.....Rolleyes
I once read a book, it says that every dollar an employee earn, 1/3 goes to the boss, 1/3 goes to the govt/coy benefit/expenses and the last 1/3 goes to the employee.
So in order to increase your pay u need to help the coy earn 3x of your pay include bonus.
The thing about karma, It always comes around and bite you when you least expected.
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#22
(09-03-2015, 09:59 AM)sgpunter Wrote: Thanks guys for your inputs. I also think so although I am not so sure whether its a form of self-consolation that I am stuck in a dead end job earning lesser than most of my peers lol.
Always better to be your own boss and run ur own business, thats what my momma used to say...

sent from my Galaxy Tab S
Virtual currencies are worth virtually nothing.
http://thebluefund.blogspot.com
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#23
(09-03-2015, 01:07 PM)BlueKelah Wrote:
(09-03-2015, 09:59 AM)sgpunter Wrote: Thanks guys for your inputs. I also think so although I am not so sure whether its a form of self-consolation that I am stuck in a dead end job earning lesser than most of my peers lol.
Always better to be your own boss and run ur own business, thats what my momma used to say...

sent from my Galaxy Tab S

Some people not suitable to do business. eg. too straight, too proud, not friendly, too soft-hearted, not decisive, too nua, too pessimistic, etc. Better off working for someone.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#24
(09-03-2015, 12:27 PM)WolfT Wrote: Everyone want work life balance, high pay, no stress, good benefit.....Rolleyes
I once read a book, it says that every dollar an employee earn, 1/3 goes to the boss, 1/3 goes to the govt/coy benefit/expenses and the last 1/3 goes to the employee.
So in order to increase your pay u need to help the coy earn 3x of your pay include bonus.

Civil service no need.

Most important thing to do a job is to make your boss happy. Capability is optional.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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#25
(09-03-2015, 01:20 PM)opmi Wrote:
(09-03-2015, 12:27 PM)WolfT Wrote: Everyone want work life balance, high pay, no stress, good benefit.....Rolleyes
I once read a book, it says that every dollar an employee earn, 1/3 goes to the boss, 1/3 goes to the govt/coy benefit/expenses and the last 1/3 goes to the employee.
So in order to increase your pay u need to help the coy earn 3x of your pay include bonus.

Civil service no need.

Most important thing to do a job is to make your boss happy. Capability is optional.
From my working years of experience, i agree. Not capable never mind, still can survive easily if know how to "Pai Ma Pi". On the other hand capable in your work also not much use if boss don't think so. That is to say capable worker is replaceable more easily than "Pai Ma Pi Ching".
WB:-

1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.

Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.

NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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#26
thanks all for your advise.
i am thinking of targeting the below returns
A) FD
1) AUD@3.5% - 100k
2) SG@2% - 100k

B) blue chips
1) 100k@5%

c) reit
100k@7%

d) growth stk
50k@10%

e) 50k@15% - cfd stk trading
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#27
(09-03-2015, 10:38 AM)CityFarmer Wrote: Earning/Investing for a living, is a mean for an end, not the end itself, IMO.

Work-life balance, pursuing an interest, more time for family at critical stages of life, are few of the example for the ends.

I have taken sabbatical from formal job some time ago, and devoted full time for my family, especially the little girl. I have accompanied her, in first few years of her life. Bathing, milking, and accompanying her, is the "ends" in this period. Big Grin

Let's back to the topic, before going too much OT on personal stuff.

The best scenario to invest for a living, is base on 3% of AUM. It is a risk-free return. It means your family can be supported by 3% return of AUM. If a family needs 56K per year (approx with statistic of $4.7K per month with link below), the AUM is slightly below $1.9 million. I guess not many have the luxury of the free cash amount to start with. What is the next best choice?

http://www.singstat.gov.sg/docs/default-...keyind.pdf

IMO, the next choice is 5% of AUM, which should be achieve-able with dividends, with moderate risk. It means an AUM of slightly above $1 mil. If it is too much, what is the next choice?

IMO, 8-10% from AUM, is a very bare minimum to invest for living. It is probably the minimum sustainable long term return for active investment. It means a AUM of approx half a million to 3/4 of a million.

Of course, the size of the AUM, can be calibrated with a reduction of expected family expenses.

A return of 15%, with leverage, seems too risky for a long term plan.

Agree that people should not mix up means with ends. Your stocks does not reciprocate your love just as Buffett says about Gold Smile

On returns, to put in perspective, Madoff managed to convince people his scheme was legitimate not with high ridiculous returns which immediately will raise a red flag for most VBs here, but 8-12% consistent return.

IMHO I think 10% inflation adjusted CAGR over a decade is holy grail
Before you speak, listen. Before you write, think. Before you spend, earn. Before you invest, investigate. Before you criticize, wait. Before you pray, forgive. Before you quit, try. Before you retire, save. Before you die, give. –William A. Ward

Think Asset-Business-Structure (ABS)
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#28
(09-03-2015, 01:20 PM)opmi Wrote:
(09-03-2015, 12:27 PM)WolfT Wrote: Everyone want work life balance, high pay, no stress, good benefit.....Rolleyes
I once read a book, it says that every dollar an employee earn, 1/3 goes to the boss, 1/3 goes to the govt/coy benefit/expenses and the last 1/3 goes to the employee.
So in order to increase your pay u need to help the coy earn 3x of your pay include bonus.

Civil service no need.

Most important thing to do a job is to make your boss happy. Capability is optional.

Civil services pay usually very low unless you are scholar ley...Confused
You will not get retrench unless you done something wrong.
As long as u cover your ass, you are all right!
I agree that there are many jiak liao bee and yi lao mai lao, not all but many....
The thing about karma, It always comes around and bite you when you least expected.
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#29
(09-03-2015, 10:46 AM)NTL Wrote: 17.3% Return. Big Grin

http://www.maybank-ke.com.sg/latest_offe...Margin.htm

Thats interesting, though margin calls may be a quite a likelihood if markets head south and that financing costs for the debt funded units remain constant.

In this climate of "interest rate hike" talks going all round, it may not not be wise to invest in reits (esp if they are highly leveraged). There are good stock counters which will outdo reits.

Just my view.
The thing I am scared most is not nightmares or market crashes..... Its my greed that I fear the most.

When people ask what is my target price, I never have any good answer for it because Philip Fisher said before (in Common Stock Uncommon Profit) that the best time to sell is never. Equity investment is buying into ownership, not betting slips.

The path to greatness and wealth is necessarily dangerous.... because greed is a fearsome fore that threatens your success at every step.
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#30
(09-03-2015, 10:38 AM)CityFarmer Wrote: http://www.singstat.gov.sg/docs/default-...keyind.pdf

Oh shucks! Looks like I have been outspending my peers whether by income quintile or dwelling. Gotta learn to live within budget instead.Undecided
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