Full-time Investor

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#51
(13-07-2016, 04:41 PM)CityFarmer Wrote: I have chosen to believe funman168's story.  Big Grin

CF san

May I clarify the rules of this forum?

Surely the person to put forward an accusation (that another forumner is trolling), would need to substantiate his claims with evidence? Especially, if it's not that apparent to the rest of the forumners.
#52
(13-07-2016, 05:06 PM)corydorus Wrote:
(13-07-2016, 04:41 PM)CityFarmer Wrote: I didn't do CPF investment for years. I recall, we can invest with OA as well as SA, right?

I have chosen to believe funman168's story.  Big Grin

My bad. OA you can. I always have the assumption is the other way. I don't invest with my CPF. Smile

You cannot invest SA in shares; only 35% of your OA in shares.

https://www.cpf.gov.sg/Members/Schemes/s...nt-schemes
#53
I think I believe in funman.
But I cant imagine using cfd on cpfoa monies to ramp up to 800k gain. Is incredible.
1xxk paycheck is possible n good enough monies to accelerate.
Plus with the 35% cap on cpfoa monies available for investment. It just felt like a handicapped Hercules rising. Salute.
#54
(13-07-2016, 05:24 PM)HitandRun Wrote:
(13-07-2016, 04:41 PM)CityFarmer Wrote: I have chosen to believe funman168's story.  Big Grin

CF san

May I clarify the rules of this forum?

Surely the person to put forward an accusation (that another forumner is trolling), would need to substantiate his claims with evidence? Especially, if it's not that apparent to the rest of the forumners.

HitandRun San,

I have relinquished moderator role due to heightening personal commitments. Weijian, as one of the new moderators, has presented his comment. I reckon, the question should be answered by one of them instead, if necessary.

As CF, I concurred with weijian's comment, an excellence response indeed. 

Regards
CF
“夏则资皮,冬则资纱,旱则资船,水则资车” - 范蠡
#55
(13-07-2016, 05:24 PM)HitandRun Wrote:
(13-07-2016, 04:41 PM)CityFarmer Wrote: I have chosen to believe funman168's story.  Big Grin

CF san

May I clarify the rules of this forum?

Surely the person to put forward an accusation (that another forumner is trolling), would need to substantiate his claims with evidence? Especially, if it's not that apparent to the rest of the forumners.

hi HitandRun,
Appreciate for flagging this out. The rules of the forum are stated out over here: http://www.valuebuddies.com/thread-1844-...l#pid87406 (under "Posting guidelines", which is the first post you see when you come to VB)

Applying some common sense to the rules, it does seem that more efforts should be taken to substantiate our claims, no matter how suspicious/intuitively obvious it is to ourselves (ie. other people may not think the same way)

TO ALL VB FORUMERs who read this: Let us apply the same vigor most of us have done in FA, into every other kind of posting we make on VB.
#56
trolling or not, i am not sure lah, Tongue i just think funman is real, he has put forward a idea/situation that secretly, all of us wish to be in... Tongue
BIG capital & BIG guts to go into full time investment! just not sure if it will be successful!! Tongue Tongue Tongue

as william wallace once shouted, FREEDOM!!!!!!!!!! Tongue

Just go ahead and do it, life is too short at 40+ already to worry about all these! Tongue Tongue Tongue
1) Try NOT to LOSE money!
2) Do NOT SELL in BEAR, BUY-BUY-BUY! invest in managements/companies that does the same!
3) CASH in hand is KING in BEAR! 
4) In BULL, SELL-SELL-SELL! 
#57
The X% OA in shares only started in some years ago, in late 2000s if not wrong.
#58
thanks brattz, CityFarmer & weijian for
choosing to believe me. Life is too short, just go ahead & do what u hv always wanted to do Smile
#59
(14-07-2016, 04:53 PM)funman168 Wrote: thanks brattz, CityFarmer & weijian for
choosing to believe me. Life is too short, just go ahead & do what u hv always wanted to do Smile

Hi Funman,

good luck on your journey.

My 2 cents worth: Whether it's enough or not depends on your individual "level". There are many with much less than you, who would be contented and think it's enough. There are also many with much more than you, who find it inadequate.
TBH, me and my peers are much younger than you, and our earnings are >>>$100k/annum, and yet most of us find it insufficient. 
well, not exactly dissatisfied, but insufficient as in we're still striving hard for more.
You talk about your previous work being long, tiring, restrictive etc. 
One of my peers works 12hours a day every day, except 2 weekdays where he takes the evening off. (9-7pm)
Yes, i mean every single day, including sats and sundays.
I really don't mean this in an arrogant way, just trying to explain that it's really up to your individual level and what you want to strive for.


In terms of the investing part, instead of just looking and thinking of it in terms of an exact quantum ($30k/yr), I'd look at long term, time-weighted ROI data to determine if it's going to work out.
Just looking at it in terms of a quantum is misleading. You don't know how inflation would eat away at your capital. Your investment gains has to cover the inflation, just to keep at the same inflation adjusted capital after several years.
A time weighted ROI, over the long term, would at least tell you exactly how good you are vs the markets or any other benchmark you'd like.

I am not much of a trader, and I try as far as possible to not put any $$$ into my CPF. Once it's in my CPF, I take it that the money is gone and don't do anything aside from buying property with it. 
If your trading results in the long run, can provide a ROI that consistently beats the market, then you might want to consider (as what someone has described in an earlier post), to refi your property and manage the liquidity from the property instead.
Afterall, the funding costs are still relatively low and likely to stay low for a long while.
Also, when i say long term, i mean >5years of data, and preferably including some crisis/recession as only that can indicate the true performance.

Just my thoughts.
Cheers
#60
(14-07-2016, 08:40 PM)TTTI Wrote:
(14-07-2016, 04:53 PM)funman168 Wrote: thanks brattz, CityFarmer & weijian for
choosing to believe me. Life is too short, just go ahead & do what u hv always wanted to do Smile

Hi Funman,

good luck on your journey.

My 2 cents worth: Whether it's enough or not depends on your individual "level". There are many with much less than you, who would be contented and think it's enough. There are also many with much more than you, who find it inadequate.
TBH, me and my peers are much younger than you, and our earnings are >>>$100k/annum, and yet most of us find it insufficient. 
well, not exactly dissatisfied, but insufficient as in we're still striving hard for more.
You talk about your previous work being long, tiring, restrictive etc. 
One of my peers works 12hours a day every day, except 2 weekdays where he takes the evening off. (9-7pm)
Yes, i mean every single day, including sats and sundays.
I really don't mean this in an arrogant way, just trying to explain that it's really up to your individual level and what you want to strive for.


In terms of the investing part, instead of just looking and thinking of it in terms of an exact quantum ($30k/yr), I'd look at long term, time-weighted ROI data to determine if it's going to work out.
Just looking at it in terms of a quantum is misleading. You don't know how inflation would eat away at your capital. Your investment gains has to cover the inflation, just to keep at the same inflation adjusted capital after several years.
A time weighted ROI, over the long term, would at least tell you exactly how good you are vs the markets or any other benchmark you'd like.

I am not much of a trader, and I try as far as possible to not put any $$$ into my CPF. Once it's in my CPF, I take it that the money is gone and don't do anything aside from buying property with it. 
If your trading results in the long run, can provide a ROI that consistently beats the market, then you might want to consider (as what someone has described in an earlier post), to refi your property and manage the liquidity from the property instead.
Afterall, the funding costs are still relatively low and likely to stay low for a long while.
Also, when i say long term, i mean >5years of data, and preferably including some crisis/recession as only that can indicate the true performance.

Just my thoughts.
Cheers

thanks for the kind reminder.


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