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For me, Stocks Investing, started out as a WANT... Even while I was still in school, I enjoyed reading the business news in The Straits Times. I was very much intrigued by how the stock market functions but there was no one to ask. Back then, no such thing as internet and it was only in adulthood that I was able to find out more from people who're more knowledgeable.
It evolved into a NEED when I lost my job and our single income was insufficient to cover our monthly expenses.... Looking back, I guess the urgency to cover this NEED really forced me on an accelerated learning curve.
Today, it's a cross between a NEED and a WANT... I guess it's the fun of learning new 'tricks' from others (esp. books by successful money managers) and trying a modified approach that continue to fuel my passion... The thrill of making money (when I'm right) remains highly addictive... 
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(05-06-2013, 11:14 PM)paullow Wrote: not really. let it auto compound if u are not too ambitious.
at 200k start point, 5%yield ave plus cap appreciation of ave 4-6%pa over a decade could see ur 200k double in 7yrs due to compounding.
just keep ur job. use active income to.pay for ur expenses.
in 14yrs, u will hit 800k! n enjoy 40kpa passive.
I plan to buy a house at 35 years old.....Hahaha
My Dividend Investing Blog
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06-06-2013, 12:35 AM
(This post was last modified: 06-06-2013, 12:37 AM by Penguin Papa.)
(05-06-2013, 11:15 PM)Bibi Wrote: (05-06-2013, 11:01 PM)Penguin Papa Wrote: True. My family monthly expenses is close to $5,500. So only through proper investment, then it is possible to reach $1,000,000 at age 40. For my case, my family will need $1,500,000 to get the dividend needed for both of us to retire. 1.5mil for 5.5k monthly expenses. I dont think that dividend (assume 5%) can last long taking into very conservative inflation rate of 2.5% and medical inflation of 6%.
I only need the dividend to last till 63. That's when all my kids should be working, and hopefully the $5,500 then can last another 15years. Maybe will start withdrawing on capital? Anyway, it will take at least another 5years for me to realise this dream.
(06-06-2013, 12:01 AM)Dividend Warrior Wrote: (05-06-2013, 11:14 PM)paullow Wrote: not really. let it auto compound if u are not too ambitious.
at 200k start point, 5%yield ave plus cap appreciation of ave 4-6%pa over a decade could see ur 200k double in 7yrs due to compounding.
just keep ur job. use active income to.pay for ur expenses.
in 14yrs, u will hit 800k! n enjoy 40kpa passive.
I plan to buy a house at 35 years old.....Hahaha
Find someone to share the cost!
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(05-06-2013, 10:48 PM)felixleong Wrote: I have come to a conclusion
its much better to be single and not get married? Though not everyone is "suitable" to start a family, but if you stop worrying too much about living in a materialistic world, finding a soul mate/ life partner who is willing to give and take is really more meaningful in living. The meaning of living together as "one" is no matter how much money you have can never buy. imo.
WB:-
1) Rule # 1, do not lose money.
2) Rule # 2, refer to # 1.
3) Not until you can manage your emotions, you can manage your money.
Truism of Investments.
A) Buying a security is buying RISK not Return
B) You can control RISK (to a certain level, hopefully only.) But definitely not the outcome of the Return.
NB:-
My signature is meant for psychoing myself. No offence to anyone. i am trying not to lose money unnecessary anymore.
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I am just a recent graduate from polytechnic. This forum is very beneficial - teaching ways of analysing stocks and discussions of investment opinions. Through this forum, I managed to pick up a few good investment books which will lay the foundation of a good stock selection.
I invest to 1) grow my wealth 2) take it as a personal challenge and discipline 3) a hobby
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(05-06-2013, 11:55 PM)KopiKat Wrote: For me, Stocks Investing, started out as a WANT... Even while I was still in school, I enjoyed reading the business news in The Straits Times. I was very much intrigued by how the stock market functions but there was no one to ask. Back then, no such thing as internet and it was only in adulthood that I was able to find out more from people who're more knowledgeable.
It evolved into a NEED when I lost my job and our single income was insufficient to cover our monthly expenses.... Looking back, I guess the urgency to cover this NEED really forced me on an accelerated learning curve.
Today, it's a cross between a NEED and a WANT... I guess it's the fun of learning new 'tricks' from others (esp. books by successful money managers) and trying a modified approach that continue to fuel my passion... The thrill of making money (when I'm right) remains highly addictive...
Somehow, I feel that my situations are very similar to KopiKat. I am doing a lot of things he has done and can almost certainly agree with everything he said. For forum buddies info, starting from 1st July onwards, my passive income from stock investing will become active income, as I will be leaving my full time job. Like what KopiKat says, this change is going to accelerate my learning curve.
Though my situations are similar with KopiKat, I feel that he is far more successful and wiser than me and I have lots to learn from him and everyone in this forum. 
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(06-06-2013, 09:46 AM)kelvesy Wrote: I am just a recent graduate from polytechnic. This forum is very beneficial - teaching ways of analysing stocks and discussions of investment opinions. Through this forum, I managed to pick up a few good investment books which will lay the foundation of a good stock selection.
I invest to 1) grow my wealth 2) take it as a personal challenge and discipline 3) a hobby
Best wishes to you and good luck for the venture.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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(06-06-2013, 09:47 AM)Ben Wrote: Somehow, I feel that my situations are very similar to KopiKat. I am doing a lot of things he has done and can almost certainly agree with everything he said. For forum buddies info, starting from 1st July onwards, my passive income from stock investing will become active income, as I will be leaving my full time job. Like what KopiKat says, this change is going to accelerate my learning curve.
Though my situations are similar with KopiKat, I feel that he is far more successful and wiser than me and I have lots to learn from him and everyone in this forum.
Hi, I am just curious. What do you mean by that?
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(06-06-2013, 09:55 AM)Wildreamz Wrote: (06-06-2013, 09:47 AM)Ben Wrote: Somehow, I feel that my situations are very similar to KopiKat. I am doing a lot of things he has done and can almost certainly agree with everything he said. For forum buddies info, starting from 1st July onwards, my passive income from stock investing will become active income, as I will be leaving my full time job. Like what KopiKat says, this change is going to accelerate my learning curve.
Though my situations are similar with KopiKat, I feel that he is far more successful and wiser than me and I have lots to learn from him and everyone in this forum.
Hi, I am just curious. What do you mean by that?
I think he means investing will be his full-time job?
My Dividend Investing Blog
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(06-06-2013, 10:34 AM)Dividend Warrior Wrote: (06-06-2013, 09:55 AM)Wildreamz Wrote: Hi, I am just curious. What do you mean by that? I think he means investing will be his full-time job?
Well sort of. Since I am not going to have a FT job and therefore not drawing a salary, the gains from investing will become my main earnings and so it should not be called passive income anymore.
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