Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus o
@@danguRobert Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. MARGARET MOLLI ALVEY, ...............
Has the very high utilisation of CPF for housing contributed to Singapore’s very poor scores in the Global Pension Index 2010 - country with the lowest score for ‘minimum retirement income as a percentage of average income’ and ‘net replacement rate’?
This is because ratio changes based on the income number and needs for the stage of life. A person earning 4k a month won't have the same wants/needs/savings ratio as someone earning 15k a month.
With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
would suggest you thoroughly evaluate the companies you have invested in and their estimated future performance, as we may expect to see the market decline further. To minimize stress and improve efficiency, it might be wise to seek the assistance of an investment advisor to help restructure your portfolio and identify any underperforming investments to offset. This approach has been successful for me and has reduced my stress levels.
@@JanMuench467 I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.
@@markPwilliams Leticia Zavala Perkins is an esteemed coach known for her proficiency in her area of expertise. You probably might have come across her. I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can carry out a quick internet research on her name for more info. I basically follow her market moves and haven’t regretted doing so...
@@JanMuench467 I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Leticia Zavala Perkins on the internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too.
If you are average earner (as in combined household monthly income less than 20k), live simply. I see my colleagues and their spouses earning roughly this amount and living like Kings and queens. Condo, trips to Europe, branded stuffs, cars, tuition for kids, etc. Come retirement time sure mati.
@@DonYang73 Indeed. Recently one wife tried to quit. Hubby didn't allow. Expenses too high. Kids used to the best. If downgrade now, they will hate their parents.
The best retirement plan is never to retire. Sounds paradoxical, but it works. Always be in employment even for a few hours a week, is based on the principle that an idle mind is the devil's workshop. Then work your hobbies and the pursuit of happiness around that. The biggest mistake you can make is to go into debt. You should be debt free by now. Live within your means, happily and quietly.
I am retired in my 30s, just by following traditional textbook advice. Save, invest (in stocks), and you also can retire. Helps if you have a good job, too. No need for Bitcoin or any of that bullshit
WP believes in spending on areas like healthcare and that this is the main reason why Singaporeans have been saving their money in the first place. “Our forefathers had scrimped and saved in their youth so that they could enjoy an easier retirement. They also did so, so that they wouldn’t be a burden on future generations. Yet, now we are saying that we cannot afford to take care of them without also raising taxes, without making things harder today, because we also need to take care of the needs of our future generations. “Just like that rich uncle with multiple properties and multi-million dollar investments who still keeps raising your rent,” the MP concluded.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus o
@@danguRobert Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. MARGARET MOLLI ALVEY, ...............
@@AlilatTiamiyu Oh please I’d love that. Thanks!
@@danguRobert MARGARET MOLLI ALVEY
Lookup with her name on the webpage..
Pay yourself first when salary is in. Live within/below your means. Simple words to live by, but not easy to follow for some.
I calculated the cigarette bill for those who start at 18. So scary also, 2.5 pack a week = that 115k like the brunch
Across the bridge is cheaper for retirement
Has the very high utilisation of CPF for housing contributed to Singapore’s very poor scores in the Global Pension Index 2010 - country with the lowest score for ‘minimum retirement income as a percentage of average income’ and ‘net replacement rate’?
75% of Singaporean youths under 35 today will not be able to retire in the future, thats my ballpark estimate. good luck to you guys.
We appreciate your consistency and hard work. May God bless you.
50% is for savings 30% is for needs 20% is for wants. That’s the real ratio
This is because ratio changes based on the income number and needs for the stage of life. A person earning 4k a month won't have the same wants/needs/savings ratio as someone earning 15k a month.
Yes this is true. You need to save invest 50%. And you need a solid income. Thats how i did it. Retired at 50. Annual basic expense about $150k
With changes in the economy leading to instability in the stock market, some individuals may face a decrease in their investments in an effort to benefit from the current market conditions, I am considering liquidating my $725k portfolio consisting of bonds and stocks. Someone else in the same situation? Please tell me in the comments!..
would suggest you thoroughly evaluate the companies you have invested in and their estimated future performance, as we may expect to see the market decline further. To minimize stress and improve efficiency, it might be wise to seek the assistance of an investment advisor to help restructure your portfolio and identify any underperforming investments to offset. This approach has been successful for me and has reduced my stress levels.
@@JanMuench467 I have been exploring the possibility of utilizing advisors to help navigate the stock market during these uncertain times. However, I am still evaluating their potential effectiveness in providing the support I need.
@@markPwilliams Leticia Zavala Perkins is an esteemed coach known for her proficiency in her area of expertise. You probably might have come across her. I found her on a CNBC interview where she was featured and I reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can carry out a quick internet research on her name for more info. I basically follow her market moves and haven’t regretted doing so...
@@JanMuench467 I was considering changing my investment strategy and planning to sell certain positions. As my retirement is coming soon,I became increasingly stressed. After thoroughly researching Leticia Zavala Perkins on the internet, I concluded that I had made an informed decision. Thank you for this Pointer. She seems very proficient and flexible. I booked a call session with her too.
If you are average earner (as in combined household monthly income less than 20k), live simply. I see my colleagues and their spouses earning roughly this amount and living like Kings and queens. Condo, trips to Europe, branded stuffs, cars, tuition for kids, etc. Come retirement time sure mati.
They cant retire basically if they continue that way
@@DonYang73 Indeed. Recently one wife tried to quit. Hubby didn't allow. Expenses too high. Kids used to the best. If downgrade now, they will hate their parents.
@@toyoyoyo104 I am retired with no debt , 2 teenagers and wife are all dependant on me. average monthly expenses $12-15k per month
The best retirement plan is never to retire. Sounds paradoxical, but it works.
Always be in employment even for a few hours a week, is based on the principle that an idle mind is the devil's workshop.
Then work your hobbies and the pursuit of happiness around that.
The biggest mistake you can make is to go into debt. You should be debt free by now.
Live within your means, happily and quietly.
Thank you for this video. Can I suggest you improve on the audio recording quality?
I am retired in my 30s, just by following traditional textbook advice. Save, invest (in stocks), and you also can retire. Helps if you have a good job, too. No need for Bitcoin or any of that bullshit
WP believes in spending on areas like healthcare and that this is the main reason why Singaporeans have been saving their money in the first place.
“Our forefathers had scrimped and saved in their youth so that they could enjoy an easier retirement. They also did so, so that they wouldn’t be a burden on future generations. Yet, now we are saying that we cannot afford to take care of them without also raising taxes, without making things harder today, because we also need to take care of the needs of our future generations.
“Just like that rich uncle with multiple properties and multi-million dollar investments who still keeps raising your rent,” the MP concluded.
Thank you very much for the video, it is very helpful 🙏🏽🙇🏻♀️
Interesting video
support SGP pools .
There are many fools who do not have financial planning, and instead choose to complain about not having enough to spend. 🤣🤣
Agreed
talk like never talk
Lol the guy gave generic and useless advice, at least illustrate with examples luh
Wahhh thks man bro!!!DAMN USEFUL for everyone of us in our lives xia!!!XD👍🏻👍🏻👍🏻🤙🏻🤙🏻🤙🏻