Tag: T_aboutOth

@%%age,how important is pff blogg #Rebecca

Posted on by tiger40490

I told Rebecca of UOB that investment analysis is an obsession among some friends I reconnected recently. I think analysis on big investment decisions (200k+) is legit.

I think my biggest tcosts and worst ROTI was in stock/FSM.

I told Rebecca that health and career longevitiy (job security) are more important.
I guess the underlying message was — my wealth planning job is basically done. Note “wealth” can be a modest amount. like 50k

In response to my bold claims, Rebecca pointed out most of the spare cash can (had better be) invested, leaving only some contingency reserve in the bank account earning 2%.

I feel the classic example is Kun.h. He seems to overanalyze until he couldn’t take any action.

— teach .. If you intend sell training or advisory service then yes ROTI is justified.

[19] obsessed with nonwork income blogg@@ #地主

Posted on by tiger40490

Current /stance/ — I want to continue to improve my ffree /profile/ by increasing my nonwork income, further! Invest in dividend stocks .. proven

Wife pointed it out .. (hopefully false alarm)… Do I spend too much time blogging on this? Wall St contractor proves to be very suitable role for me but also has swayed me to my current direction — nonwork income, semi-retired..

Q: Do I want to be landlord like Guang or app owner like CSDoctor (few role model now) etc?
A: landlord path is easier and more achievable. Accumulation. Active mgmt also provides gainful employment for wife

If in retrospect I conclude this is an obsession, it is a “better species of obsession” among other obsessions:

  • 🙂 diet, weight, fitness
  • 🙂 healthy cooking — a reward
  • 🙁 peer comparison

j4 ffree analysis: jobless cashflow breakdown

Posted on by tiger40490

The fundamental concept and definition of financial freedom hinges on … Fuller wealth in a zero-wage situation.

My father said I don’t need to think about sudden and unexpected job loss and the cash-flow consequences. A few close friends I consulted probably felt the same way, though German, CSDoctor and Kyle seem to accept my analysis.

Now, I don’t need to convince other people about the validity of my projections. The more due diligence I do, the more validity I see in it. That due diligence gives me increasing level of inner confidence and consequently improvement in stress profile.

At a broader level, the amount of focused brainpower I apply on burn rate analysis is probably higher than my friends apply. My analysis gave me confidence.

In reality, long term cash-flow /concern/ is arguably the most visible and most common (possibly most important) source of household stress and livelihood pressure. As such, this concern has real, tangible costs and takes its toll on our lives.

financial independence=state@mind provides an agnostic and more cautious view.

 

Retirement: planning too far ahead@@ #grandpa

Posted on by tiger40490

Refusing to plan because of high uncertainty … is lazy, is doomed, is resignation, pessimism.

My dad is very wise and careful voicing his opinions. I don’t remember the exact words of my dad but he did suggest that I was analyzing too much too far ahead. (He knows I plan to retire in my 70’s or 80’s.)

However, I disagreed every time he told me that. I feel things can change unexpectedly. I might have to go back to Singapore in my late 50’s and enter semi-retirement. There’s no guarantee that I will be able to earn a salary till 65. Crashes and asset devaluations happened many times…

Therefore, I feel my fact-finding, discussions, blogging… about personal retirement, centered around several focused questions, are actually useful. These focused efforts help me shift focus from day-to-day working, home maintenance, parenting, self-improvement … and think deeper about something 15 years out.

Without a conscious effort there’s insufficient clarity in our planning. I think my dad basically discounts that clarity. I guess he feels there’s too much uncertainty ahead – unknowable unknowns. “Don’t waste time trying to achieve clarity about the unknowable.” I disagree. The retirement research I did 5 years ago has an impact on my current thinking. My retirement discussions affect my housing decisions, my plan to save up for college education, my immigration plans, and my current saving rate. My perception (analysis, observation..) steers me towards passive income rather than windfall.

Here’s another example. I have read in several sources — the conventional wisdom says during retirement, one needs 70% of previous working income, but retirement phase of one’s life can be age 60 to 90. How the hell can a regular person amass enough asset by age 60, to provide 70% of current income over 30 years? Impossibly hard and depressing. My own research shows these figures are way overblown, perhaps by 10 folds. I think my wife and me only need something like USD 1000/M to retire comfortably in Malaysia, or USD 2000/M in Singapore.

Overall, I think the clarity in planning increases our confidence in our forecasts and estimates. It takes effort, not a wasted effort.