*Official* MasterLeong Thread - Part 2

[sulpice]

1) our parents aka baby bloomers gen work hard and accumulate wealth

2) our gen can afford to yolo due to wealth inheritance from our parents

3) what happen to our children after we have squandered out parents' hard earned wealth?

cold hard truths

you have answered the question yourself. dumb8ss

 

[sulpice]

Seriously, can't survive with $1440 (after CPF)?
Parents allowance: $500
Meal: $300
Utilities (Gas, electricity): $250
Telco: $100
Invest/ Personal Expenses: $290

Just a rough estimate.

300 bucks invest wat 8hit? xia lan useless loser investment is it?

 

[lewissac]

300 bucks invest wat 8hit? xia lan useless loser investment is it?

DCA...... dude

 

[lewissac]

STI back to green grass... Rally.....

 

[lioninvestorco]

For me, I hold them and average them if price dropped too low. As long as the stock you buy doesn't go bankrupt, there's always a chance it will rebound.

Then in the meantime Jiak simi? Because ML doesn't have a full time job lei. His dividend will confirm shrink as well right?

 

[yihao93]

300 bucks invest wat 8hit? xia lan useless loser investment is it?

Troll spotted siAh

 

[shareholder]

Ml, can I know what's your plan when a big event happens and the market stays cui for the next 3-4 years? Your portfolio shrinks to <50% of its original value. What's your plan at that time? Just wondering..

Highly impossible for that to happen. Even if it did happen, then the deflationary wave will hit most people first. MasterLeong will still be a Master, better off than most. Shareholders will win again.

 

[yihao93]

Then in the meantime Jiak simi? Because ML doesn't have a full time job lei. His dividend will confirm shrink as well right?

He got 200k saving lei

 

[lioninvestorco]

He got 200k saving lei

Oh is it? Haha I didn't know. So now he has 200k savings and a 300k portfolio?

 

[Retireready]

Troll flamer spotted

300 bucks invest wat 8hit? xia lan useless loser investment is it?

 

[yihao93]

Oh is it? Haha I didn't know. So now he has 200k savings and a 300k portfolio?

He can survive like 200 months that's like >10 years

 

[akwl88]

you have answered the question yourself. dumb8ss

this guy just released from IMH?

 

[lewissac]

Then in the meantime Jiak simi? Because ML doesn't have a full time job lei. His dividend will confirm shrink as well right?

Haha tats why nv fully deploy your warchest out. Must keep some inside for market crash just in case.

Also, always have emergency funds ready.

 

[Growmymoney]

Come on wing tai a bit more to go!!

 

[MasterLeong]

Then in the meantime Jiak simi? Because ML doesn't have a full time job lei. His dividend will confirm shrink as well right?

my dividends per year will only keep going up

my current passive income per month is around 1.5k from stocks and 500 from ssb

2k passive income, expenses only 1k... so the balance 1k keep to grow stock portfolio ...

i have not include any possible capital gains

 

[MasterLeong]

Ml, can I know what's your plan when a big event happens and the market stays cui for the next 3-4 years? Your portfolio shrinks to <50% of its original value. What's your plan at that time? Just wondering..

basically

STAY CALM and COLLECT DIVIDENDS

during 2015-2016 bear... my portfolio fell to a low of 250k level.. I also hold and ride it out... now recovered to near 320k value already

that's why its important to hold SOLID companies with PROVEN TRACK RECORD of at least 5-10 years

you will know that even recession comes you will not be scared as the company will NOT GO BANKRUPT and will be able to maintain earnings and dividends

cheers

 

[Takodoro]

my dividends per year will only keep going up

my current passive income per year is around 1.5k from stocks and 500 from ssb

2k passive income, expenses only 1k... so the balance 1k keep to grow stock portfolio ...

i have not include any possible capital gains

Per month or per year?

 

[MasterLeong]

Per month or per year?

per month....... my typo...............

I have 2k passive income per month.........

gg

 

[Growmymoney]

per month....... my typo...............

I have 2k passive income per month.........

gg

Respect!!

 

[MasterLeong]

monthly passive income from stocks $1,435 around there

I still have a fully paid hdb, I can rent out 1-2 rooms if I desperately need more income