Have you ever dream to be a $Millionaire?

(31-12-2015, 06:34 PM)touzi Wrote:

Life is a game Wrote:well it depends on what kind of lifestyle one would like to lead. can still find 3 to 4 dollars meal plus 80 cents kopi in Sg compared to some other countries where fried rice can go up to 20 to 30 sgd. if the person knows how to make a Mil thru investing most probably the 1 Mil can generate dividends that cover his expenses for life.

$4 Meal is a rip off !! Go to Ananas cafe and enjoy a $2+ economical meal  .

Bro touzi. sometimes must switch food haha. 3 to 4 dollars can try different variety of food but kopi I can drink the same everyday. haha

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At a certain stage, our bodies retain fat.
That is not good. Fat comes from many forms. The obvious is
lard, cooking oil, cream.
Not so obvious is sugar & carbohydrates.

Many inexpensive foods contain a large amount of carbohydrates.
Fried noodles, bee-hoon, bread, buns, kway teow, carrot cake, you tiow, malay kueh,
They may cost less than $3
Taste great
Easy to eat
Easy on the pocket.

Go easy on these.. you may have 2 or 3 millions in the bank.. but once
you get diabetes, kidney problems, the doctors will be the happy ones.

A balanced portfolio with a
balanced lifestyle.. excercise, sleep, eat moderately.
There is just too much food everywhere.

Balance and moderation is key. There are many who earn a very decent wage but stress levels are extremely high.
Then there are those who still work a lot but relatively free from stress and earn next to nothing. Myself included, the more I work, the less money I have, strange but true and I spend almost on nothing except on food, have not bought a pair of new shoes as far as i can remember, my mobile phone is either free or given to me by someone else. Then again I do not feel I miss out on anything or the need to spend on these items. But at times when I wear my company T shirt/flip flops when I go out, I am being treated 2nd or 3rd class, but i got used to it.

In a strange way, those who can afford to relax are working much harder than those that are not providing sufficiently for the family.
The reason I guess is the fear of losing the current lifestyle is greater than trying to attain a higher standard of living.

(01-01-2016, 10:28 PM)Big Toe Wrote: Balance and moderation is key. There are many who earn a very decent wage but stress levels are extremely high.
Then there are those who still work a lot but relatively free from stress and earn next to nothing. Myself included, the more I work, the less money I have, strange but true and I spend almost on nothing except on food, have not bought a pair of new shoes as far as i can remember, my mobile phone is either free or given to me by someone else. Then again I do not feel I miss out on anything or the need to spend on these items. But at times when I wear my company T shirt/flip flops when I go out, I am being treated 2nd or 3rd class, but i got used to it.

In a strange way, those who can afford to relax are working much harder than those that are not providing sufficiently for the family.
The reason I guess is the fear of losing the current lifestyle is greater than trying to attain a higher standard of living.

Isn't this the First Law of Behavioural Finance, ie. the utility of losses is always higher than that of gains.

Sometimes, I believe the ability to resist what others are thinking of you (eg. in your case is being treated 2nd/3rd class) is good training for retail investor. If you (ie. a retail investor) ain't got the foresight/guts to strike out on your own to become a businessman, then you better develop a better emotional/temperament makeup than the norm. To me, having the ability to discount the crowd's opinion of you (read: Mr Market) is a part of the temperament makeup that a retail investor needs. All the best!

(01-01-2016, 10:28 PM)Big Toe Wrote: Balance and moderation is key. There are many who earn a very decent wage but stress levels are extremely high.
Then there are those who still work a lot but relatively free from stress and earn next to nothing. Myself included, the more I work, the less money I have, strange but true and I spend almost on nothing except on food, have not bought a pair of new shoes as far as i can remember, my mobile phone is either free or given to me by someone else. Then again I do not feel I miss out on anything or the need to spend on these items. But at times when I wear my company T shirt/flip flops when I go out, I am being treated 2nd or 3rd class, but i got used to it.

In a strange way, those who can afford to relax are working much harder than those that are not providing sufficiently for the family.
The reason I guess is the fear of losing the current lifestyle is greater than trying to attain a higher standard of living.

Enlightened by this sentence. What does it mean by the more I work the less money I have

For me, I think having value investment as a hobby is really great for retirement since it does not require physical strength, dexterity nor quickness in thinking. Wats more is that one get to learn at least surface knowledge about industries that usually do not get into contact with. And with valuebuddies.com, I think it also helps to reduce a lot of the time a retail investor need to identify stocks for investment!

(02-01-2016, 01:44 PM)pianist Wrote:

(01-01-2016, 10:28 PM)Big Toe Wrote: Balance and moderation is key. There are many who earn a very decent wage but stress levels are extremely high.
Then there are those who still work a lot but relatively free from stress and earn next to nothing. Myself included, the more I work, the less money I have, strange but true and I spend almost on nothing except on food, have not bought a pair of new shoes as far as i can remember, my mobile phone is either free or given to me by someone else. Then again I do not feel I miss out on anything or the need to spend on these items. But at times when I wear my company T shirt/flip flops when I go out, I am being treated 2nd or 3rd class, but i got used to it.

In a strange way, those who can afford to relax are working much harder than those that are not providing sufficiently for the family.
The reason I guess is the fear of losing the current lifestyle is greater than trying to attain a higher standard of living.

Enlightened by this sentence. What does it mean by the more I work the less money I have

One company I know pays less when you work more hours.

Its how the labour union and management agreed on the terms of work.
Take an airline. The flight attendants are paid a basic wage and also an hourly wage.
The hourly wage is payable only during flight, and that is based on actual flight times as accomplished, not the slot time.

If there is a delay at the airport due to weather, technicals, air traffic... the hourly wage does not apply
( after the staff had already reported for work and passengers are on board )

In that sense, the staff is working more but getting less in pay.

Was pleasantly surprised to see Aggregate Asset Management taking up half a page in Straits Time to print a tribute to Richard Russell, extracted from Rich man Poor man.

(31-12-2015, 09:07 AM)ValueMushroom Wrote: If you already have a million in cash, you can easily get at least 6% dividend by buying REITs. This can give you $60,000 in dividend a year which can probably sustain an above average lifestyle for life.

sure, only problem is that while you cash the 6% dividend the REITs quotes can easily plunge 12%. Those are not dividends,  are (partial) capital returns 

If Reits can provide excellent returns consistently, the property firms would not be spinning them off.
Very few business for sale are below their value, only in rare cases you can find true value.
Simply because these are businessmen who run them and their aim to generate a return for themselves.
The best way to grow your money is to start your own business. Then again, prepare for bumpy ride as competition is aplenty.