My Retirement Plan At 35

(18-07-2012, 03:03 PM)funman168 Wrote: Hi all,
I am 36 this year. Nett asset of abt S$1m, single, no hse & car.
Been in retirement for a yr doing purely trading & investment & holidaying.
Finding it quite bored, think I will be looking for a job soon.

how did u amass such a wealth at 36yo? what kind of job will u be looking for?

(18-07-2012, 04:20 PM)yeokiwi Wrote: Denmark Population 5,574,000
No. of nobel prize winners(exclude peace prize) = 13

Finland Population 5,387,000
No. of nobel prize winners(exclude peace prize) = 3

Ireland Population 4,487,000
No. of nobel prize winners(exclude peace prize) = 5

New Zealand Population 4,405,200
No. of nobel prize winners(exclude peace prize) = 3

Sweden Population 9,453,000
No. of nobel prize winners(exclude peace prize) = 26

Switzerland Population 7,907,000
No. of nobel prize winners(exclude peace prize) = 22

Everytime, I will cringe when any Singapore educator boasts about Singapore's education and criticizes the West.

My take is that singapore is still a young country, give us some time, we will do better!

(18-07-2012, 03:03 PM)funman168 Wrote: Hi all,
I am 36 this year. Nett asset of abt S$1m, single, no hse & car.
Been in retirement for a yr doing purely trading & investment & holidaying.
Finding it quite bored, think I will be looking for a job soon.

Ah! Another millionaire at such a young age!

Gives inspiration to those not there yet!

Work hard, be prudent, invest wisely, and learn lots of good things from the many gurus here who are willing to share selflessly, and the best part is : it's FOC.

Thank you so much VB!

As at today, VB currently have 978 members registered = 978 households = how many millionaires are there in this forum?

Singaporeans are really really getting richer!

(18-07-2012, 04:48 PM)pianist Wrote:

(18-07-2012, 03:03 PM)funman168 Wrote: Hi all,
I am 36 this year. Nett asset of abt S$1m, single, no hse & car.
Been in retirement for a yr doing purely trading & investment & holidaying.
Finding it quite bored, think I will be looking for a job soon.

how did u amass such a wealth at 36yo? what kind of job will u be looking for?

Hi,
Actually it is quite simple. My previous IT job was paying me abt $100k pa, but it demands alot of my time & energy to an extend where I hv no time to spent $. I end up saving abt 80% of my income. I was also fortunate to catch a few multi-bagger & avoid all the major corrections.

Think most probably I will go back to IT line as I kinda miss the challengers, but I must say that it really does not pay well considering the time & effort I had to put in.
In fact, I find investing much easier, haha

(18-07-2012, 04:20 PM)yeokiwi Wrote: Everytime, I will cringe when any Singapore educator boasts about Singapore's education and criticizes the West.

And which educator would that be? Any recent links?

(18-07-2012, 08:04 PM)tanjm Wrote:

(18-07-2012, 04:20 PM)yeokiwi Wrote: Everytime, I will cringe when any Singapore educator boasts about Singapore's education and criticizes the West.

And which educator would that be? Any recent links?

http://www.moe.gov.sg/media/speeches/200...the-10.php


Wealthy countries don’t necessarily have high quality public education. The US is the largest economy in the World. They have the best schools in some areas, but even by their own admission, many lament the state of their general education system. Last year, Bill Gates joined forces with fellow philanthropist Eli Broad to launch a US$60 million campaign called “Strong American Schools” to push for education reforms in public schools. One quip is that the standard of schools in the San Francisco Bay area rises with the altitude, where the more wealthy can afford homes and send their children to schools in that area. For sure, successive US Governments have put in resources to try to improve outcomes. Take for instance the “No Child Left Behind” Act of 2001 in the US to reduce the achievement gap for disadvantaged students. However, seven years later and after more than US$160 billion spent on the initiative, the results are still inconclusive, and the merits are still being hotly debated in the education community up till today.

The Singapore education system is well regarded internationally. I say this with humility and almost with a sigh of relief because we could have easily veered off track, as I will explain later. The International Institute for Management Development (or IMD) World Competitiveness Yearbook for 2008 ranked Singapore first for having an education system that best meets the needs of a competitive economy. At the school level, our 10 and 14-year old students came out tops in both Maths and Science among 49 countries in the 2003 Trends in International Mathematics and Science Study (or TIMSS for short). I show this slide to show our top ranking. But more importantly, note that our lowest quartile is above the median of the world. In other words, students who are academically weaker do better in our system compared to others. Singapore also ranked fourth for reading literacy skills among 40 countries in the 2006 Progress in International Reading Literacy Study (PIRLS), the highest among non-native speakers who took their tests in English. Good universities the world over, recognise that our students are well schooled and competent and welcome their admissions. Our top students can easily compete with the best anywhere. Sizeable numbers enter Oxbridge, Imperial College, LSE, Warwick and the Ivy leagues. Raffles Junior College for example sends more students to the top 10 US universities than any other international school, and even topped many prestigious secondary schools within the US.


With the lousier education of US, they are still churning out intellectual properties that are sought after by the world.
Singapore? I cannot recall any famous researchers in NUS or NTU.
If anyone asked me who is the most famous alumni of NUS or NTU, I really have a problem answering him.

Or, the most famous scientist of Singapore??

Most famous politician. Yes. Mr Lee Kuan Yew.

nobel prize is from...

The Nobel Prize (Swedish pronunciation: [noˈbɛl], Swedish definite form, singular: Nobelpriset, Norwegian: Nobelprisen) is a set of annual international awards bestowed in a number of categories by Scandinavian committees in recognition of cultural and scientific advances. The will of the Swedish chemist Alfred Nobel, the inventor of dynamite, established the prizes in 1895. The prizes in Physics, Chemistry, Physiology or Medicine, Literature, and Peace were first awarded in 1901.[1]

The Peace Prize is awarded in Oslo, Norway, while the other prizes are awarded in Stockholm, Sweden. The Nobel Prize is widely regarded as the most prestigious award available in the fields of literature, medicine, physics, chemistry, peace and economics.[2]

In 1968, Sveriges Riksbank instituted an award that is often associated with the Nobel prizes, the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. The first such prize was awarded in 1969. Although it is not an official Nobel Prize, its announcements and presentations are made along with the other prizes.

The Royal Swedish Academy of Sciences awards the Nobel Prize in Physics, the Nobel Prize in Chemistry, and the Nobel Memorial Prize in Economic Sciences. The Nobel Assembly at Karolinska Institutet awards the Nobel Prize in Physiology or Medicine. The Swedish Academy grants the Nobel Prize in Literature. The Nobel Peace Prize is not awarded by a Swedish organisation but by the Norwegian Nobel Committee.

Each recipient, or laureate, receives a gold medal, a diploma, and a sum of money which depends on the Nobel Foundation's income that year. As of 2012, each prize was worth kr8 million (c. US$1.1 million, €1.16 million). The prize is not awarded posthumously; however, if a person is awarded a prize and dies before receiving it, the prize may still be presented."[3] A prize may not be shared among more than three people. The average number of laureates per prize has increased substantially over the 20th century.[4]

(18-07-2012, 07:29 PM)funman168 Wrote:

(18-07-2012, 04:48 PM)pianist Wrote:

(18-07-2012, 03:03 PM)funman168 Wrote: Hi all,
I am 36 this year. Nett asset of abt S$1m, single, no hse & car.
Been in retirement for a yr doing purely trading & investment & holidaying.
Finding it quite bored, think I will be looking for a job soon.

how did u amass such a wealth at 36yo? what kind of job will u be looking for?

Hi,
Actually it is quite simple. My previous IT job was paying me abt $100k pa, but it demands alot of my time & energy to an extend where I hv no time to spent $. I end up saving abt 80% of my income. I was also fortunate to catch a few multi-bagger & avoid all the major corrections.

Think most probably I will go back to IT line as I kinda miss the challengers, but I must say that it really does not pay well considering the time & effort I had to put in.
In fact, I find investing much easier, haha

thks for the reply. may i ask how did u manage to avoid all the major corrections?

that sounds to me like he is an investment god.

(18-07-2012, 09:51 PM)yeokiwi Wrote:

(18-07-2012, 08:04 PM)tanjm Wrote:

(18-07-2012, 04:20 PM)yeokiwi Wrote: Everytime, I will cringe when any Singapore educator boasts about Singapore's education and criticizes the West.

And which educator would that be? Any recent links?

http://www.moe.gov.sg/media/speeches/200...the-10.php


Wealthy countries don’t necessarily have high quality public education. The US is the largest economy in the World. They have the best schools in some areas, but even by their own admission, many lament the state of their general education system. Last year, Bill Gates joined forces with fellow philanthropist Eli Broad to launch a US$60 million campaign called “Strong American Schools” to push for education reforms in public schools. One quip is that the standard of schools in the San Francisco Bay area rises with the altitude, where the more wealthy can afford homes and send their children to schools in that area. For sure, successive US Governments have put in resources to try to improve outcomes. Take for instance the “No Child Left Behind” Act of 2001 in the US to reduce the achievement gap for disadvantaged students. However, seven years later and after more than US$160 billion spent on the initiative, the results are still inconclusive, and the merits are still being hotly debated in the education community up till today.

The Singapore education system is well regarded internationally. I say this with humility and almost with a sigh of relief because we could have easily veered off track, as I will explain later. The International Institute for Management Development (or IMD) World Competitiveness Yearbook for 2008 ranked Singapore first for having an education system that best meets the needs of a competitive economy. At the school level, our 10 and 14-year old students came out tops in both Maths and Science among 49 countries in the 2003 Trends in International Mathematics and Science Study (or TIMSS for short). I show this slide to show our top ranking. But more importantly, note that our lowest quartile is above the median of the world. In other words, students who are academically weaker do better in our system compared to others. Singapore also ranked fourth for reading literacy skills among 40 countries in the 2006 Progress in International Reading Literacy Study (PIRLS), the highest among non-native speakers who took their tests in English. Good universities the world over, recognise that our students are well schooled and competent and welcome their admissions. Our top students can easily compete with the best anywhere. Sizeable numbers enter Oxbridge, Imperial College, LSE, Warwick and the Ivy leagues. Raffles Junior College for example sends more students to the top 10 US universities than any other international school, and even topped many prestigious secondary schools within the US.


With the lousier education of US, they are still churning out intellectual properties that are sought after by the world.
Singapore? I cannot recall any famous researchers in NUS or NTU.
If anyone asked me who is the most famous alumni of NUS or NTU, I really have a problem answering him.

Or, the most famous scientist of Singapore??

Most famous politician. Yes. Mr Lee Kuan Yew.

To be fair, that person isn't any educator. For all his work, schools actually create a nice impression for him when they know he is visiting, and he will never be able to see the truth behind Singapore schools.

Also, he probably recognized NUS and NTU are far from the standards of the top 10 US Universities, seen from the last sentence.


Also to be fair, Singapore did produce the original thumbdrive which is now synonymous with USB Flash Drives. Singapore also developed one of the first few SARS detection kit (in 15 mins). While not Nobel Prize material, these are some minor things that impacted the world I guess.