Investment for a living

(09-03-2015, 07:18 PM)sgd Wrote:

(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.

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.

really there is some truth in this statement. Sometimes I cannot understand why cannot spare 30 mins a day do some exercise. Is it really that busy or just lazy... of course it's not guaranteed that healthy equates to exercise but at least it helps coupled with good eating habits and enough rest.

(09-03-2015, 07:21 PM)Life is a game Wrote:

(09-03-2015, 07:18 PM)sgd Wrote:

(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: 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.

really there is some truth in this statement. Sometimes I cannot understand why cannot spare 30 mins a day do some exercise. Is it really that busy or just lazy... of course it's not guaranteed that healthy equates to exercise but at least it helps coupled with good eating habits and enough rest.

I think the way we wired our priorities to map our lifestyle or maybe that's how they brainwash us to increase our productivity make everybody busy tell us more important to get ahead clear debts make money for better Quality life later then when we get there we have money but find all the health issues have come out so second round comes the medical industry to rake in their share.

Best profession is the world is to be a doctor regardless of your customers millionaire or middle class, powerful or peanut will get them all later.

(09-03-2015, 07:40 PM)sgd Wrote:

(09-03-2015, 07:21 PM)Life is a game Wrote:

(09-03-2015, 07:18 PM)sgd Wrote:

(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.

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.

really there is some truth in this statement. Sometimes I cannot understand why cannot spare 30 mins a day do some exercise. Is it really that busy or just lazy... of course it's not guaranteed that healthy equates to exercise but at least it helps coupled with good eating habits and enough rest.

I think the way we wired our priorities to map our lifestyle or maybe that's how they brainwash us to increase our productivity make everybody busy tell us more important to get ahead clear debts make money for better Quality life later then when we get there we have money but find all the health issues have come out so second round comes the medical industry to rake in their share.

Best profession is the world is to be a doctor regardless of your customers millionaire or middle class, powerful or peanut will get them all later.

Ya I agree. Hmm maybe with the greying population and increased in life expectancy, we can start to look into medical stocks

"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."

Unquote:-
For me it has been for 4+ years already. Now investing is a different ball game with no more HC.(chiak kar kee). This is the time if your WL of accumulation has not reach a certain level of assets that can generate at least some cash flow for your daily living then it is a bit difficult. Then most probably have to keep on working lol if your health permit; in order to delay the draw down of your accumulated capital.
It is definitely harder to invest now. No more "S-Chips" type of investing. Also too much free time is no good. You tend to spend more money on leisure. But we found we have "branch" and dinner is more than enough. In fact we still fighting the battle of the bulge(fat stomach). Err.... we drink a bit of alcohol(beer and wine) quite regularly.

(09-03-2015, 08:20 PM)Temperament Wrote: "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."

Unquote:-
For me it has been for 4+ years already. Now investing is a different ball game with no more HC.(chiak kar kee). This is the time if your WL of accumulation has not reach a certain level of assets that can generate at least some cash flow for your daily living then it is a bit difficult. Then most probably have to keep on working lol if your health permit; in order to delay the draw down of your accumulated capital.
It is definitely harder to invest now. No more "S-Chips" type of investing. Also too much free time is no good. You tend to spend more money on leisure. But we found we have "branch" and dinner is more than enough. In fact we still fighting the battle of the bulge(fat stomach). Err.... we drink a bit of alcohol(beer and wine) quite regularly.

Remember to do some exercise haha.

(09-03-2015, 08:51 PM)Life is a game Wrote:

(09-03-2015, 08:20 PM)Temperament Wrote: "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."

Unquote:-
For me it has been for 4+ years already. Now investing is a different ball game with no more HC.(chiak kar kee). This is the time if your WL of accumulation has not reach a certain level of assets that can generate at least some cash flow for your daily living then it is a bit difficult. Then most probably have to keep on working lol if your health permit; in order to delay the draw down of your accumulated capital.
It is definitely harder to invest now. No more "S-Chips" type of investing. Also too much free time is no good. You tend to spend more money on leisure. But we found we have "branch" and dinner is more than enough. In fact we still fighting the battle of the bulge(fat stomach). Err.... we drink a bit of alcohol(beer and wine) quite regularly.

Remember to do some exercise haha.

U Bet! (No laughing matter). If you are my age(67), 100:1 you definitely have some "problems" here and there. In fact my right knee joint giving me problems(for many years) that i almost lose using it for walking or squatting.
Thank God!
i manage to find some form of exercise from the internet plus a little bit of self improvisation(of the original exercise) that i found i have recovered almost 90-99% of the usage of my right knee and right shoulder joint. Of course i have to perform this exercise everyday. If only i found this exercise earlier.
Shalom.
Amen.

(09-03-2015, 09:11 PM)Temperament Wrote:

(09-03-2015, 08:51 PM)Life is a game Wrote:

(09-03-2015, 08:20 PM)Temperament Wrote: "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."

Unquote:-
For me it has been for 4+ years already. Now investing is a different ball game with no more HC.(chiak kar kee). This is the time if your WL of accumulation has not reach a certain level of assets that can generate at least some cash flow for your daily living then it is a bit difficult. Then most probably have to keep on working lol if your health permit; in order to delay the draw down of your accumulated capital.
It is definitely harder to invest now. No more "S-Chips" type of investing. Also too much free time is no good. You tend to spend more money on leisure. But we found we have "branch" and dinner is more than enough. In fact we still fighting the battle of the bulge(fat stomach). Err.... we drink a bit of alcohol(beer and wine) quite regularly.

Remember to do some exercise haha.

U Bet! (No laughing matter). If you are my age(67), 100:1 you definitely have some "problems" here and there. In fact my right knee joint giving me problems(for many years) that i almost lose using it for walking or squatting.
Thank God!
i manage to find some form of exercise from the internet plus a little bit of self improvisation(of the original exercise) that i found i have recovered almost 90-99% of the usage of my right knee and right shoulder joint. Of course i have to perform this exercise everyday. If only i found this exercise earlier.
Shalom.
Amen.

Share with us the exercise leh so all VBs can benefit. At a young age I also have knee problem

One important criteria to assess a business is cashflow.
You can have wonderful sales but if cashflow is zero or very little, there will be trouble.

This effect is the same for individuals. Building investments that creates cashflow throughout the year will give you peace of mind.
Dividend investing is one way
Bonds is another

If started early, retirement income falls neatly into place.

I am not in favour of sudden gains like buying low and selling high. Spikes like this reminds me of diabetes... medication required to stablise.

(09-03-2015, 11:07 PM)Porkbelly Wrote: One important criteria to assess a business is cashflow.
You can have wonderful sales but if cashflow is zero or very little, there will be trouble.

This effect is the same for individuals. Building investments that creates cashflow throughout the year will give you peace of mind.
Dividend investing is one way
Bonds is another

If started early, retirement income falls neatly into place.

I am not in favour of sudden gains like buying low and selling high. Spikes like this reminds me of diabetes... medication required to stablise.

Agree investing to have a cash flow to take care of daily living expenses is most appropriate for person who has no more "HC". It is quite difficult if asset/capital is not large enough.
On the other hand, buying low selling high is quite feasible for younger person who has a lot of "HC" and a lot of patience. It's never a sudden gain if you practice it
"correctly".
My 2 cents.

Investment for a living, good topic, guess most of us here are trying to do that.
My opinion is that it is easier said than done even with a capital of say 2-3Mil and living modestly.

There are many a times where you just sit around and do nothing while waiting for the next opportunity.(May it be property or buying equities or other investments). Or worse, sitting on loses of a bad investment. So where is the money going to come from? Maybe you have set a side some money to last you for a while but bad times can last a few years. So it ain't going to be easy.

It would be easier if you are running a small business at the same time. But the first few years can be really though going and many businesses do fail. So once the business is relatively stable, the regular cash flow from the business can be put into investment or expanding the business, whichever makes more sense. In Singapore, it is highly competitive in most businesses with relatively small domestic population and activities.

Life has a way when it comes to money. While there are many who may hold an easy job earning very decent money, say 10K and up. But at some point, retirement will set in and suddenly a high income earner may find themselves having difficultly finding income. The gung ho ones who struggled with their own businesses, at their retirement age, may find themselves in a position where the business has grown to a considerable size and they no longer need to worry about operations too much and cash flow will not run dry anytime soon. You reap what you sow.