*Official* MasterLeong Thread

[L'oreal Paris]

manu life reit I previously posted many red flags on the official many life reit thread and was blasted/attacked

1) US assets.. cannot see/touch.. so more risk
2) IPO at above book value... may be over priced
3) manu life only listed a small portion of their property assets, so likely every year will have rights or placement to absorb more assets from their parent
4) for reits generally better to pick those with at least 10 years track record like those from capitland/fraser/maple family... those with only 2-3 years track record you will not know of management is good or not... example of bad/lousy management is saizen/sabana/soilbuild/aims reit... go to yahoo and see their max chart you will know how bad they are


on sgx I think there are many reits for us to pick from.. maybe 20-30 different reits... I think it would be most wise to pick only from the top 10 highest quality ones to be safe, especially with the threat of rising rates as well as the slow down in the economy... you even want to be more selective on your picks to only the best of the best

Wa ok I'll avoid it thanks for the analysis

 

[MasterLeong]

Wa ok I'll avoid it thanks for the analysis

if u want to diversify into overseas reit for exposure to overseas assets to get higher returns (higher risk also)

my top pick for now would be FLT for over 7% yield

https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/FLT_SP.xml

 

[orhanzi]

i like playing poker too. IMO, one needs to be a daredevil at the right time to win the game. my thoughts.

 

[MasterLeong]

i like playing poker too. IMO, one needs to be a daredevil at the right time to win the game. my thoughts.

"In Order to Live, You Must be Willing to Die."

 

[shareholder]

A successful one can make $300k per annum. He earned $10million for the bank. That man is my brother.

A few peers also achieving that 300k+ pa, that is the income path. Some other peers not working, but still can achieve similar or better outcomes, that is the investment path. Both paths lead to financial wealth, but the investment one can relax earlier, normally at about mid 30s, while the income one a bit later at mid 40s to 50s.

 

[Sinkie]

A few peers also achieving that 300k+ pa, that is the income path. Some other peers not working, but still can achieve similar or better outcomes, that is the investment path. Both paths lead to financial wealth, but the investment one can relax earlier, normally at about mid 30s, while the income one a bit later at mid 40s to 50s.

Wow what your peer working as? $300,000 per annum is a lot.

Then your other peer not working also can generate $300,000 pa passive income should have like $3,000,000 portfolio with 10% dividend yield Sia.

You must be have a lot of ask friends or 富二代 friends sia

 

[MasterLeong]

A few peers also achieving that 300k+ pa, that is the income path. Some other peers not working, but still can achieve similar or better outcomes, that is the investment path. Both paths lead to financial wealth, but the investment one can relax earlier, normally at about mid 30s, while the income one a bit later at mid 40s to 50s.

power la~!!!!!!!!!!!!!

 

[L'oreal Paris]

if u want to diversify into overseas reit for exposure to overseas assets to get higher returns (higher risk also)

my top pick for now would be FLT for over 7% yield

https://www.dbs.com.sg/treasures/aics/templatedata/article/equity/data/en/DBSV/012014/FLT_SP.xml

Hmm but I search counter there is 2 right 1 with aud 1 without

 

[MasterLeong]

Hmm but I search counter there is 2 right 1 with aud 1 without

Use the sgd one

 

[Dividends Warrior]

Yeah, like for example, if we exclude your $300,000 poker winning, I guess your portfolio won't be so big already and you will still be working ba..

One saving is always a relationship of his salarys or income. If want more saving, he must also have a bigger income.

I got 2 big lucky breaks. First, no university study loan because bonded. Second, started investment journey near the bottom in 2009. But still stuck in rat race until now. Sad.

 

[Dividends Warrior]

Let's say in 5 years I want to save 100k every month I have to save 1.6k

Now earning only 2.5k per month, bonus add in another 10k per year?

Take home is 2k, give parent 500 left 1.5
Save 500 out of 1.5k

500x12 is only 6k per year plus 10k assuming I can save all bonus = 16k
5 years save 80k.

Provided that I can discipline to save haha
Who knows if within 5 years I get sack. Then get a low paying job?

More realistic is saving 10k every year lol

If you intend to get married, buy house and have kids, you don't need to bother calculating savings because most of your cash will be spent on these expenses.

 

[Maeda_Toshiie]

I'm just trying to hit the "f*ck you money" level, which I personally set at $300,000. With this sum, I will switch to part time work (unless I get married).

 

[MasterLeong]

I'm just trying to hit the "f*ck you money" level, which I personally set at $300,000. With this sum, I will switch to part time work (unless I get married).

Jia you jia you ^^

 

[Dividends Warrior]

Hokay noted

Bye bye too

Sinkie also tio ignored by Master. LOL!

 

[Maeda_Toshiie]

I really admire the MIT environment. Those guys are smart and have the guts to try out stuff. The MIT Blackjack Team in the 70s-90s was really something. It takes mathematics and guts to go up against the casinos.

 

[MasterLeong]

I really admire the MIT environment. Those guys are smart and have the guts to try out stuff. The MIT Blackjack Team in the 70s-90s was really something. It takes mathematics and guts to go up against the casinos.

Yeah u got watch the movie too? Damn power sia
They damn smart

 

[Dividends Warrior]

I'm just trying to hit the "f*ck you money" level, which I personally set at $300,000. With this sum, I will switch to part time work (unless I get married).

Do you mean $300k in pure cash or equity portfolio market value?

 

[Daimon]

I'm just trying to hit the "f*ck you money" level, which I personally set at $300,000. With this sum, I will switch to part time work (unless I get married).

You read Taleb?

 

[Maeda_Toshiie]

Do you mean $300k in pure cash or equity portfolio market value?

Pure cash is impossible lar, unless my parents die and I get my share. Essentially a portfolio of stocks + cash.

 

[Weaboo]

I'm just trying to hit the "f*ck you money" level, which I personally set at $300,000. With this sum, I will switch to part time work (unless I get married).

f*ck me money better....