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(09-03-2015, 01:37 PM)funman168 Wrote: 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
What if losses from (e) is more than combined (a) to (d)?
Always believe if you want to do full time investing, u need
set aside for your family expenses for a few years. In case u go pok.
Then will have less worry when investing. If whole day need to make $
to pay for living expenses, very stressful.
Better if wife works to support family. Then no need to worry liao.
"... but quitting while you're ahead is not the same as quitting." - Quote from the movie American Gangster
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Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG
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09-03-2015, 04:33 PM
(This post was last modified: 09-03-2015, 04:33 PM by shn.)
I fully agree. Money to invest should be the money you do not need to use for meeting daily expenses. It will exert additional pressure if one has to generate certain return to cover the daily expenses.
In addition, a paid job will fully or at least partially pay for own and the family's medical expenses.
(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG
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09-03-2015, 04:35 PM
(This post was last modified: 09-03-2015, 04:37 PM by vesfreq.)
(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG Same like starting a biz. Need minimum at least 1 yr of working cap before can do it full time. Even 1 yr working capital must also factor in the likelihood of no sales for 12 mths.
Only when all the downsides are costed in, then the biz (of investing full time) may make sense.
My own view is, even if can live off investment gains, i rather keep my job to keep my mind moving in different directions and continue to know people. Job is never a good way to make money, but a good way to keep mind active and alive. It can be a low paying job and doing thrash, but it keeps the mind healthy too.
Anything do for hobby also less stressful. @@ i ever seen a guy quit his job to trade fx full time. And its definitely not a fun.
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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(09-03-2015, 04:33 PM)shn Wrote: I fully agree. Money to invest should be the money you do not need to use for meeting daily expenses. It will exert additional pressure if one has to generate certain return to cover the daily expenses.
In addition, a paid job will fully or at least partially pay for own and the family's medical expenses.
(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG
Sooner or later, one will have to leave their job. When that happen, they will need to rely on their savings, or investments, to live through the rest of their life. It is bound to happen.
I have nothing else to say.
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(09-03-2015, 02:43 PM)vesfreq Wrote: (09-03-2015, 10:46 AM)NTL Wrote: 17.3% Return. 
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.
Thread starter mentioned about leveraging to get 15% return and this comes to mind.
I have nothing else to say.
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Ideally, by then, one's daily expenses will be much reduced because the kids have grown up and started working and some children may give monthly allowances to the parents. In addition, one should have accumulated enough wealth through working and investing and can afford to separate the money into 2 pools -- one pool for investment while the other pool for meeting daily expenses.
Anyway, I recognize that everyone's situation is different but one should think very carefully about quitting the job to invest on a full-time basis because the pressure will be much higher.
(09-03-2015, 05:04 PM)NTL Wrote: (09-03-2015, 04:33 PM)shn Wrote: I fully agree. Money to invest should be the money you do not need to use for meeting daily expenses. It will exert additional pressure if one has to generate certain return to cover the daily expenses.
In addition, a paid job will fully or at least partially pay for own and the family's medical expenses.
(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG
Sooner or later, one will have to leave their job. When that happen, they will need to rely on their savings, or investments, to live through the rest of their life. It is bound to happen.
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(09-03-2015, 05:32 PM)shn Wrote: Ideally, by then, one's daily expenses will be much reduced because the kids have grown up and started working and some children may give monthly allowances to the parents. In addition, one should have accumulated enough wealth through working and investing and can afford to separate the money into 2 pools -- one pool for investment while the other pool for meeting daily expenses.
Anyway, I recognize that everyone's situation is different but one should think very carefully about quitting the job to invest on a full-time basis because the pressure will be much higher.
(09-03-2015, 05:04 PM)NTL Wrote: (09-03-2015, 04:33 PM)shn Wrote: I fully agree. Money to invest should be the money you do not need to use for meeting daily expenses. It will exert additional pressure if one has to generate certain return to cover the daily expenses.
In addition, a paid job will fully or at least partially pay for own and the family's medical expenses.
(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG
Sooner or later, one will have to leave their job. When that happen, they will need to rely on their savings, or investments, to live through the rest of their life. It is bound to happen. And provided one has taken care of his health to reap the fruits of his early investing and hard work in career.
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(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there. I strongly second this. Recommend taking a look at "RULE 3: RICH MAN, POOR MAN" from the Dow Theory Letters - link is at http://dowtheoryletters.com/Content_Free/2494.aspx
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(09-03-2015, 06:31 PM)Life is a game Wrote: (09-03-2015, 05:32 PM)shn Wrote: Ideally, by then, one's daily expenses will be much reduced because the kids have grown up and started working and some children may give monthly allowances to the parents. In addition, one should have accumulated enough wealth through working and investing and can afford to separate the money into 2 pools -- one pool for investment while the other pool for meeting daily expenses.
Anyway, I recognize that everyone's situation is different but one should think very carefully about quitting the job to invest on a full-time basis because the pressure will be much higher.
(09-03-2015, 05:04 PM)NTL Wrote: (09-03-2015, 04:33 PM)shn Wrote: I fully agree. Money to invest should be the money you do not need to use for meeting daily expenses. It will exert additional pressure if one has to generate certain return to cover the daily expenses.
In addition, a paid job will fully or at least partially pay for own and the family's medical expenses.
(09-03-2015, 04:25 PM)greengiraffe Wrote: Full time or not doesn't really matter... but without a base recurrent income for daily living can be pressurising.
When one constantly need to have an income say in this case from investments to live on, then the pressure to do something will be there.
My experience has always been to treat it as a hobby - in this case however it happens to be a $ related hobby where it can be rewarding.
Hence I urge anyone who seriously consider making a living from being a full time investor to think carefully. I have experienced ex fund manager friends who felt like fish out of water when they leave their paid jobs.
GG
Sooner or later, one will have to leave their job. When that happen, they will need to rely on their savings, or investments, to live through the rest of their life. It is bound to happen. And provided one has taken care of his health to reap the fruits of his early investing and hard work in career.
Unless one is born rich or strike toto few times. Unlikely can make money and same time also not neglected health.
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