Do you over invest?

[highsulphur]

how to over-invest when the market is at the top?

yield for fixed-income is dropping and significantly.

isn't now the hold phase?

High can go higher.

Anyway I'm buying broad equity index etfs. I just buy and hold

 

[highsulphur]

That's interesting. You thought process says that you need to invest more than you spent. That is definitely a good rule....BUT that is for someone who is in the early /mid stages of the wealth accumulation / Building phase.

You have exceeded that and have reached your goal, so that rule no longer applies.

My humble and amateur thought process is that you don't have a good / well thought out asset allocation plan with considerations for the various assets and their purpose and its usage with regards to current and future application.

Without a clear well thought application and its usage, you are still "stuck?" in the wealth accumulation phase and cannot seem to transition to the next phase of wealth spending and maintenance.

Just my humble and amateur thoughts based on what you have written.

i think that's because it has been so ingrained as a habit to save and invest. I am trying to "undo" these habits as i get older. First step is probably to reduce monthly investment amount and to save less. Sounds easy but actually quite hard for someone who has been optimisiting spending and savings almost his entire adult life.

 

[hwmook]

how to over-invest when the market is at the top?

yield for fixed-income is dropping and significantly.

isn't now the hold phase?

High go higher, hold and you miss the boat.

 

[Meemoosaa]

Borrow from banks, balance transfer from credit cards EIR slightly over 3% then put inside OCBC360 to earn 6% interest. Free money. Max out my mortgage, take as much as possible so can free up my cash. I have a lot of debt and I am not worried as the maths make sense.

I pay back all my study loan during my first year of work and that is my worst financial decision ever. The GFC happened a year after.....

Thanks for sharing. Very interesting but don't think I have the appetite for it, or rather I probably feel I don't have enough knowledge to do so. All the best to your investment future.

 

[sohguanh]

Thanks for sharing. Very interesting but don't think I have the appetite for it, or rather I probably feel I don't have enough knowledge to do so. All the best to your investment future.

All it take is some courage and hunt for guaranteed lobang. Reader revhappy whack the moomoo previous guaranteed 6.8% promo. As long as the borrowed monies interest lower than 6.8% you earn. But to play such game you need to borrow a lot to magnify the profits else take risk borrow monies to earn paltry sum of monies don't make sense at least to me.

 

[highsulphur]

@revhappy have you resigned and initiated your move back?

 

[limster]

i think that's because it has been so ingrained as a habit to save and invest. I am trying to "undo" these habits as i get older. First step is probably to reduce monthly investment amount and to save less. Sounds easy but actually quite hard for someone who has been optimisiting spending and savings almost his entire adult life.

after retirement, going on overseas holidays while still healthy is for me is one of my FIRE goals.

While I got not much interest in buying more 'stuff', buying 'experiences' is something that still interests me. I want to run some of the more famous international half marathons (I think full marathon is out of reach for me) and that will cost money. business class lie flat seat is also important as I want to minimise jet lag on arrival so I can do my preparatory workouts the day I touch down. For Sydney half-marathon I also got the option of suites as long as A380 is in service....

 

[revhappy]

@revhappy have you resigned and initiated your move back?

I intend to soft resign in Mar after bonus is announced and then resign in April end once bonus is credited. One month notice until May end. My daughter's school term starts in June.

 

[highsulphur]

I intend to soft resign in Mar after bonus is announced and then resign in April end once bonus is credited. One month notice until May end. My daughter's school term starts in June.

All the best. Pls update us of your progress

 

[Nofear40]

I intend to soft resign in Mar after bonus is announced and then resign in April end once bonus is credited. One month notice until May end. My daughter's school term starts in June.

what is soft resign

 

[revhappy]

what is soft resign

Verbally inform the manager. I have been in the same company for 9 years. For courtesy sake I want to give another 1 month extra notice.

Also, in case my manager asks me to work remotely from India for sometime for the transition, I am okay to consider it. So that would be kind of a win win, although I am not betting on it.

 

[x9evolution]

Almost 100% of my saving are in FD , OCBC 360 , chocolate, Mari invest to earn high interest , I make my every single cents work hard to earn monthly 4 digit passive income , only left $600 in POSB for giro purpose , no stress at all as all are in liquidity form and low risk. And I am surprised that lots of my colleagues are leaving all their saving in POSB to mold.

Anytime need extra cash , just sell a bit of Mari invest , instant cash up to $10k

 

[s0crates]

Do you over invest part of your salary that you feel tight cash flow month to month?

Eg you could have monies in SSB, brokerage accounts, cash in UOB HYSA but only small amount for your "free float" for your day to day expenses. You can afford to spend a bit more if you cut back your monthly (DCA) investment amount

How you find the balance?

I invest cash,OA, SRS, and more recently, SA in largely long term investments. Cashflow can be tight when credit card bills from holidays start to come in.

Keep it small amount for exigencies. Been trying to spend and enjoy more but beyond holidays I can't.

Probably will start donating some money away monthly since I am set for retirement.

 

[highsulphur]

I invest cash,OA, SRS, and more recently, SA in largely long term investments. Cashflow can be tight when credit card bills from holidays start to come in.

Keep it small amount for exigencies. Been trying to spend and enjoy more but beyond holidays I can't.

Probably will start donating some money away monthly since I am set for retirement.

Are you single?

 

[Nofear40]

Verbally inform the manager. I have been in the same company for 9 years. For courtesy sake I want to give another 1 month extra notice.

Also, in case my manager asks me to work remotely from India for sometime for the transition, I am okay to consider it. So that would be kind of a win win, although I am not betting on it.

On SG pay? That is nice. Congrats to your early retirement

 

[Nofear40]

Almost 100% of my saving are in FD , OCBC 360 , chocolate, Mari invest to earn high interest , I make my every single cents work hard to earn monthly 4 digit passive income , only left $600 in POSB for giro purpose , no stress at all as all are in liquidity form and low risk. And I am surprised that lots of my colleagues are leaving all their saving in POSB to mold.

Anytime need extra cash , just sell a bit of Mari invest , instant cash up to $10k

Will these interest rate come down soon with Fed recent announcement

 

[s0crates]

Are you single?

Married no kids no plans to have kids.

 

[highsulphur]

Will these interest rate come down soon with Fed recent announcement

for sure they will. I reckon UOB One interest won't last past Jun next year

 

[DevilPlate]

Will these interest rate come down soon with Fed recent announcement

I believe our high yield acct will stabilise at 2.5-3% (from 4% now)
Unless blackswan event happens, then hosey liao all in whack stock market

 

[revhappy]

On SG pay? That is nice. Congrats to your early retirement

I am not sure if it will be allowed. Our company has very strict rules about international remote (max 1 month a year) and for someone who has made up his mind to leave the company, I dont think they will make any exception.

My company doesnt have any presence in India. However, they have outsourced to IT partners, but even those IT partners are in different city from where I am going.

Basically, while resigning I am going to tell my boss, my plan is not to quit for a better salary or a better role in another company; like most people resign, like 90% people resign inorder to jump to another company.

It is very rare that people would resign to retire early. So I am going to tell him, if he can offer me some options to work from home from India, I might consider taking it up. Although, it is unheard of, of anyone getting this option.

Infact, there is a Malaysian working in our company and he travels daily in and out from JB. All of us, work in office only 3 days a week, but this Malaysian has to come to office 5 days a week, because international remote is not allowed.

So, I dont think they will make any exception in my case, my base case is I resign and go, but I will put the ball in the court of my boss to see if I can get any options.

Actually, it is not that my role is very critical, but the stuff that I do, I really take care of lot of things and my boss doesnt have to worry about them. But if I leave, he will have to find a replacement, who may not be as keen in taking the same level of ownership that I do.

But then we never know, we all overestimate our worth in the team. We think if we leave, the team will scramble and will have a hard time. But that rarely happens, I have seen so many much more important and established people leave and my company didnt give a damn, they were all told by our department head "I am happy for you". So I dont expect anything different.