Great Video Kelvin, i am glad you brought out the part on insurance for wealth protection which many ppl may have miss out. Do remember to include medical insurance premium into your retirement expenses too. Protect your income before you can secure your future!
Hi Kelvin, love your content. Retiring early was always my goal since my 20s. I was pushing hard and managed to get good start. But I had a dilemma, I love my job. I would even do it for free. But somewhere in all that passion for my job, I neglected my health and had a stroke early this year. Suddenly, early retirement looks like a necessity rather than an option. Your channel and many others have give me a better perspective on how to fast tract my retirement. And great advise on getting insurance. The insurance saved my life. Best to a good policy early, don't go for the bare minimum. Go for a slightly higher premium than you can afford now. As income rises, you will be glad you did so. Keep up the great work, you are an inspiration.
Hi Vijay, hope you are better now. i am glad you got yourself covered. I have been through tough times during my younger days when my dad had kidney failure. Many neglected the importance of wealth protection. takecare!
@@jinwooo2724 Hi Yong Chin, glad you got the basic insurance covered. More importantly you should look at how much coverage you have at the moment instead of what you have. Rule of thumb is to progressive work towards getting yourself covered for 10x your Annual Income for Death and TPD and 5x your Annual Income for CI. Try to keep the premium for wealth protection coverage between 10 to 15percent max your annual income anything more you might be overpaying. If you are young the premium can be even lower than 10percent of your annual income. Cheers!
Nope. Hold Tesla for max 5-7 years. Look at the market. China EVs are not only catching up, they differentiate themselves by being aesthetically appealing compared to Tesla. In 5-7 years, Tesla will have fierce competition domestically and internationally. You also have to take into account that Tesla is overvalued now. Only this yr they finally made profits, due to first mover disadvantage of high R&D costs. Hold it, but know when to let go. Not everything goes to the moon in the long term.
@@johnwig285 are China EVs really more aesthetically appealing? lol. Tesla is also constantly on the move but your 5 - 7 year competition is probably on the basis that competitors are innovating faster than Tesla. On the contrary, it is the long term that disruptive innovation goes to the moon imo.
And people are still blaming the government for the increase cost of living. It's a global thing! Especially if a small country like Singapore that depends heavily on export goods.
For Permanent Residents in Singapore, health care is super expensive as well. Only citizens get subsidies. We are also charged additional 5% tax for buying properties
I am new to investment and watched videos from investors like you and public interview of fund manager or company owner. The most consistent advice from all of them including yourself is do your own research before invest anything. I also heard the same advice from my friend who is a long time investor who retired from work before 50, his exact word is to research everything. My question is how much research is enough? Because I noticed there is always more things to read on or watch even just for 1 company.
For a start, just need to know abit of the finances, eg increasing income? Low debt? Future plans is good? If these 3 are alright. Can start investing first. Then slowly increase the amount as u become more confident
The preferable retirement target is to get the passive income (excluding capital gains) to at least equal the last drawn salary. The rationale is that your expenditure would likely lower than last drawn salary as you have been building up the portfolio over the years. The difference between last drawn salary and expenditure can then be put back into the portfolio to reduce the impact of future inflation on future expenditure.
I always have this confusion on whether this calculation should include money from your CPF account or not? How about CPF Life? I think this topic has to cover all these for better understanding for future retirement. Thanks for the explanation 👍
Personally i didn't include CPF because anything can change in the future, eg lower payouts, higher withdrawal age etc. The money should best come from ourselves, any extra from CPF treat it as bonus.
I like how you think. yes, retirement money tends to be calculated with just a single source. aka stocks/cash. personally, I feel, there are multiple streams. 1. CPF, 2. reverse mortgage, 3. insurance (whole life/endowment/ILP/annuity), so with all these said, I personally believe you can go into stocks whichever gives you the best risk/rewards. cause we already have multiple safety built-in.
Hi love your posting and insight, can I suggest you have Chinese subtitles, because I have friends who watch your videos but need Chinese sub to better understand your insight.
Good video as always! Side question: Now syfe is allowed to do customization for portfolio. Should I use syfe to buy single stock OR tiger? Which one is cheaper?
Very good pointers especially building a pot bigger than than the threshold retire amount and insurance. For insurance, it better to build up health and CI insurance, whole life and endowment can wait.
You can rent out a room assuming your kids move out, plus CPF life if you were an employee and dividends from equities and some interest from time deposits , this is for simple life , some people need $10K a month to retire
O, bucket strategy is splitting the amount, then use a fixed amount every year right? I think it can be combined together with the 4% rule to grow the amount, while only using a fixed amount from the bucket
I know you're joking but to the others, TSLA are short-term stocks, hold around 5 years then sell. They'll slowly lose their competitive advantage. China EVs are storming the market and aesthetically nicer.
Retire in Australia u sure is cheaper? I think u need a minimum net worth of AUD 2m in order to migrate and retire.. All these countries only allow rich people to retire there 😪
Yah. Its not so easy to move to those 1st world countries as they require you basically to be more than self sufficient as you're not their citizen. Move down to the other countries then u have to accept those constraints.
I think that the stock portfolio strategy should be discussed together with SRS and CPF Life (Kevin inserts links to his other videos to drive his TH-cam traffic)
Hi Kelvin, other than Interactive Brokers, do you know any other brokers that provide fractional share service? With my current salary, I am unable to purchase a complete single share for TSLA every month or else I will be eating grass every day. I am looking forward to your advise
@@KelvinLearnsInvesting Thank you for your fast reply. I am a total beginner in investing and inspired by you and Ken from Chicken Genius Singapore to buy TSLA. There is nothing wrong with Interactive Brokers but it is kind of putting me off from that platform as they will be charging USD 10 monthly for profile has USD 100k and lower.
Issit cool if you can do a breakdown of how it is to live of withdrawing 4% out of our investments for financial independence? Would really like to know HOW to execute it, or visualise how it can be done. Cheers!
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Great Video Kelvin, i am glad you brought out the part on insurance for wealth protection which many ppl may have miss out. Do remember to include medical insurance premium into your retirement expenses too. Protect your income before you can secure your future!
Hi Kelvin, love your content. Retiring early was always my goal since my 20s. I was pushing hard and managed to get good start. But I had a dilemma, I love my job. I would even do it for free. But somewhere in all that passion for my job, I neglected my health and had a stroke early this year. Suddenly, early retirement looks like a necessity rather than an option. Your channel and many others have give me a better perspective on how to fast tract my retirement. And great advise on getting insurance. The insurance saved my life. Best to a good policy early, don't go for the bare minimum. Go for a slightly higher premium than you can afford now. As income rises, you will be glad you did so. Keep up the great work, you are an inspiration.
What kind of insurance to buy? I have medical and life insurance already
Hope you recover and enjoy your live.
Hi Vijay, hope you are better now. i am glad you got yourself covered. I have been through tough times during my younger days when my dad had kidney failure. Many neglected the importance of wealth protection. takecare!
@@jinwooo2724 Hi Yong Chin, glad you got the basic insurance covered. More importantly you should look at how much coverage you have at the moment instead of what you have. Rule of thumb is to progressive work towards getting yourself covered for 10x your Annual Income for Death and TPD and 5x your Annual Income for CI. Try to keep the premium for wealth protection coverage between 10 to 15percent max your annual income anything more you might be overpaying. If you are young the premium can be even lower than 10percent of your annual income. Cheers!
thanks kelvin a simple calculation make us more clear and plan early.
Holding Tesla to retire early! I believe the average annual rate of return will be >20% over the next 10 years.
Lul
Nope. Hold Tesla for max 5-7 years. Look at the market. China EVs are not only catching up, they differentiate themselves by being aesthetically appealing compared to Tesla. In 5-7 years, Tesla will have fierce competition domestically and internationally. You also have to take into account that Tesla is overvalued now. Only this yr they finally made profits, due to first mover disadvantage of high R&D costs. Hold it, but know when to let go. Not everything goes to the moon in the long term.
@@johnwig285 yup, you speak some truth...only if Tesla is only a EV company...
@@johnwig285 are China EVs really more aesthetically appealing? lol. Tesla is also constantly on the move but your 5 - 7 year competition is probably on the basis that competitors are innovating faster than Tesla. On the contrary, it is the long term that disruptive innovation goes to the moon imo.
@@lesliet918 you don't have to innovate faster than tesla when you can just copy. Analyst predicts China will overtake us by 2028
And people are still blaming the government for the increase cost of living. It's a global thing! Especially if a small country like Singapore that depends heavily on export goods.
you are my second favourite sg youtuber after cgs
USA is definitely more expensive than Singapore, health care alone is costing me $1400 per month for a family of 3.
For Permanent Residents in Singapore, health care is super expensive as well. Only citizens get subsidies. We are also charged additional 5% tax for buying properties
I am new to investment and watched videos from investors like you and public interview of fund manager or company owner. The most consistent advice from all of them including yourself is do your own research before invest anything. I also heard the same advice from my friend who is a long time investor who retired from work before 50, his exact word is to research everything.
My question is how much research is enough? Because I noticed there is always more things to read on or watch even just for 1 company.
For a start, just need to know abit of the finances, eg increasing income? Low debt? Future plans is good? If these 3 are alright. Can start investing first. Then slowly increase the amount as u become more confident
The preferable retirement target is to get the passive income (excluding capital gains) to at least equal the last drawn salary. The rationale is that your expenditure would likely lower than last drawn salary as you have been building up the portfolio over the years. The difference between last drawn salary and expenditure can then be put back into the portfolio to reduce the impact of future inflation on future expenditure.
Not really. I spend much less than i earn.
nope. my last drawn salary includes a 60-70% allocation to stock and real estate investment that would not be an ongoing cost when I decide to retire.
nice share! more ppl need to know this.
Hi , can you do a video on how brokers hold our stocks? I am concerned brokers run away with my US stocks.
I always have this confusion on whether this calculation should include money from your CPF account or not? How about CPF Life? I think this topic has to cover all these for better understanding for future retirement. Thanks for the explanation 👍
Personally i didn't include CPF because anything can change in the future, eg lower payouts, higher withdrawal age etc. The money should best come from ourselves, any extra from CPF treat it as bonus.
I like how you think. yes, retirement money tends to be calculated with just a single source. aka stocks/cash. personally, I feel, there are multiple streams. 1. CPF, 2. reverse mortgage, 3. insurance (whole life/endowment/ILP/annuity), so with all these said, I personally believe you can go into stocks whichever gives you the best risk/rewards. cause we already have multiple safety built-in.
Hi love your posting and insight, can I suggest you have Chinese subtitles, because I have friends who watch your videos but need Chinese sub to better understand your insight.
Thanks for the suggestion, i plan to do this when i can
If my kids grow up and stop asking me for pocket money, else dont think I can retire now...
nice one
Impressive. Great Vedio. Daily vedio upload. Keep it up.
The problem is which stocks to buy that keep growing when I'm old 🤔
Good video as always!
Side question:
Now syfe is allowed to do customization for portfolio. Should I use syfe to buy single stock OR tiger? Which one is cheaper?
use the one with cheaper fees, syfe can pick stocks like a broker now? isn't it a robo?
Bro syfe is roboadvisor
@@TheSwordieBrom It can buy ETFs on your choice now.
@@leekimlim lol then why not just go to a stock broker like moomoo or tiger brokers and buy the etf. No management fees
Very good pointers especially building a pot bigger than than the threshold retire amount and insurance. For insurance, it better to build up health and CI insurance, whole life and endowment can wait.
Will a dividend fund/stock be feasible? Because technically we are getting about 3-5% dividend per annum.
Stocks usually follows inflation too
Kelvin, for your portfolio, do you take any profits E. G. if stock A rise up 20%? Or just hold all the way
i'm super bad at timing the market, so i'll just hold. Will only sell if i need the money or i found better investments
I think 1 million is good enough
This planning model takes only living expenses into consideration, and assume that mortgage financing will already be covered?
U would've finished paying ur house by the age of retirement...unless ure telling me ure living in some 700K flat or condo etc
Nice 😊
You can rent out a room assuming your kids move out, plus CPF life if you were an employee and dividends from equities and some interest from time deposits , this is for simple life , some people need $10K a month to retire
Me here!
What do you think about the bucket strategy, instead of 4% rule?
O, bucket strategy is splitting the amount, then use a fixed amount every year right? I think it can be combined together with the 4% rule to grow the amount, while only using a fixed amount from the bucket
Buy TSLA stocks and retire instead of using $ to top up SRS or special account / CPF.
Since TSLA potential growth rate > CPF 🤣
I know you're joking but to the others, TSLA are short-term stocks, hold around 5 years then sell. They'll slowly lose their competitive advantage. China EVs are storming the market and aesthetically nicer.
Retire in Australia u sure is cheaper? I think u need a minimum net worth of AUD 2m in order to migrate and retire.. All these countries only allow rich people to retire there 😪
In that case Thailand and Vietnam are value for money countries to retire.
Of course they'll be. But you'll be sacrificing a number of things as well given that they're non"1st world" nations. Infrastructures, languages etc..
@@bkoh1771 Indeed true can't have it all unless you plan for your retirement.
Yah. Its not so easy to move to those 1st world countries as they require you basically to be more than self sufficient as you're not their citizen. Move down to the other countries then u have to accept those constraints.
@@bkoh1771 yup that's why Thailand and Vietnam. They will be more than happy to accept an Singaporean to retire in their country.
Hi Kelvin , I love your videos !
Would like to ask u are u still invested in your EIMI + IWDA & SXLK that u shared 1 year ago ?
Probably a lot more when the money printing catches up
Ur place ur camera above u? I felt very dizzy watching ur video. Like watching on top of u in helicopter view.
Oh, its in front. How should i improve on it?
At the company your worked at, was there like decent work life balance?
Mine was alright
can u advise where in singapore i can invest in vanguard funds
U can just use any broker that has access to US market. Like interactive brokers, tiger, moomoo
water also need money
I think that the stock portfolio strategy should be discussed together with SRS and CPF Life (Kevin inserts links to his other videos to drive his TH-cam traffic)
Hi Kelvin, other than Interactive Brokers, do you know any other brokers that provide fractional share service? With my current salary, I am unable to purchase a complete single share for TSLA every month or else I will be eating grass every day. I am looking forward to your advise
Hmmm, i am not aware of other platforms. What's wrong with ibkr
@@KelvinLearnsInvesting Thank you for your fast reply. I am a total beginner in investing and inspired by you and Ken from Chicken Genius Singapore to buy TSLA.
There is nothing wrong with Interactive Brokers but it is kind of putting me off from that platform as they will be charging USD 10 monthly for profile has USD 100k and lower.
Eh no more already. They removed the $10 monthly since 2-3 months ago
You need to huat big big first then you can retire - learning how to huat big big from Kelvin Learns Investing 😂
I all in Tesla liao. I live or die depends on the company.
I am curious to know whether a retiree retired in 2008 may have totally different experience than a retiree retired in 2010-11.
buy toto and retire always the dream.
What happens if I live till 100 years old?
GG lor... Just kidding...
Bro, you are too fast to explain it. Please control the speed to explain it.
Ahh, alright!
Issit cool if you can do a breakdown of how it is to live of withdrawing 4% out of our investments for financial independence?
Would really like to know HOW to execute it, or visualise how it can be done. Cheers!
As much as possbile
It seems that why single elderly spends roughly 1300 -1700 per month, i think it is basically from CPF. Haha. But, ur calculation is good for back up.
one must have and earn income to trade Market Order in moomoo...
$516K ??? Have. In CPF ... 🤣
K, tml wil go Fire my Boss!! 😜
: O
Kelvin, please talk a little bit slow. Thanks
SGD 10 000 000 cash is the answer.
Live longer than that got cpf 😂
I have calculated monthly expenses now around $4000~$5000 per month, so for 30 years is around 2 millions for me. 😂
Buy Tesla stock and retire...
Just go malaysia 😅
If only you know how shitty my beloved country is becoming, stay away please. Racial-tension and corruption all time high right now 🤦🏽♂️
Just say 1 million and video end liao XD.
Hahaha!
Retire early! Definitely not in SG. You all know lah..
I met clients who are retired 45-50 y.o, if that’s early enough
I know plenty of people whom have retired in the 40s and now just looking to do something for fun and excitement. So yes we all know is possible.
First
Helloooooo!!!