*Official* MasterLeong Thread

[MasterLeong]

FLT alot rofr. Not a fan of rights? Recently alot, oueht, sb, mct (now below right price) etc

Sent from Sent from where? using GAGT

MCT did rights at 1.42 few months back
that's why after the rights then I when in to buy at rights price level

for MCT unlikely next 1-2 years will have rights issue again

 

[MasterLeong]

in general the blue chip reits like CMT/CCT/Areit are already super big... so they seldom have rights issue...last one was during GFC if I not mistaken (a decade ago)

small cap/mid cap reits more often will have rights issue/placement as manager want to grow the asset size of the fund... maybe every 3 years like that you still the manager ask for money once, is not uncommon

of my 3 mid cap picks

FCT - gearing below 30%... so manager can use debt first... no worries of rights issue
MCT - this year did rights issue so unlikely to see rights issue in 2017/2018... maybe 2019 may see rights
SUN - they do not have a habit of rights, but often they like to do placements only... so entry of this counter is very important... if u go in too high and they keep doing placement at below your entry price, u lugi.....
I enter at near/below STC(straits trading corp) price, so I feel comfortable at that level

 

[MasterLeong]

of the 5 reits I hold, i would say SUN is most likely to see rights issues

as ARA is very aggressively in trying to grow its AUM

 

[Dividends Warrior]

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

I see. My comfort level is slightly higher - $300k portfolio + $100k cash

Still a long way from achieving it.

 

[Sinkie]

I see. My comfort level is slightly higher - $300k portfolio + $100k cash

Still a long way from achieving it.

My comfort level is to own a fully paid 3rm condo in RCR around $1.5m + $300,000 portfolio and $200,000 cash as emergency fund

My target before 50

 

[Dividends Warrior]

My comfort level is to own a fully paid 3rm condo in RCR around $1.5m + $300,000 portfolio and $200,000 cash as emergency fund

My target before 50

The Singapore Dream!

 

[Dividends Warrior]

Nolah, me stuck in rat race because I am targeting to be a 2millionaire before 50

You need a lucky break like John Lim. He got LKS backing to set up real estate funds and founded ARA.

Time to find yourself a billionaire backer!

 

[Sinkie]

You need a lucky break like John Lim. He got LKS backing to set up real estate funds and founded ARA.

Time to find yourself a billionaire backer!

No need lah. Just continue work hard, save hard, invest hard and trade hard.

 

[havetheveryfun]

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).

Most ppl have no problems saving more than 300k before 35....except the money is in the form of a house

 

[madtari]

the condo must be a 2nd property or you should have a place to stay then only it can be classified as a source of passive income. but yeah, that's everyone's dream... to have 2 properties... one for renting out plus capital appreciation! its easier to achieve in our parent's era but more difficult now as our 1st HDB flat already put us into debt for a good 10 yrs or so...

My comfort level is to own a fully paid 3rm condo in RCR around $1.5m + $300,000 portfolio and $200,000 cash as emergency fund

My target before 50

 

[Dividends Warrior]

No need lah. Just continue work hard, save hard, invest hard and trade hard.

Everything except party hard. Miserable life leh. But boh bian, all for the sake attaining financial freedom. LLST.

 

[lewissac]

My comfort level is to own a fully paid 3rm condo in RCR around $1.5m + $300,000 portfolio and $200,000 cash as emergency fund

My target before 50

Wah... so atas. Mine way simpler. Retire by 60. Own a convenience store and sell groceries near seaside. Everyday enjoy beach.
Kids no need worry about $$ as they can fund themselves from my investment up to their first job.

 

[Sinkie]

The Singapore Dream!

A dream is something that cannot be attained easily and so It's a dream until you attain it

 

[Dividends Warrior]

the condo must be a 2nd property or you should have a place to stay then only it can be classified as a source of passive income. but yeah, that's everyone's dream... to have 2 properties... one for renting out plus capital appreciation! its easier to achieve in our parent's era but more difficult now as our 1st HDB flat already put us into debt for a good 10 yrs or so...

Well said. Our generation no longer has low-hanging fruits.

 

[Sinkie]

the condo must be a 2nd property or you should have a place to stay then only it can be classified as a source of passive income. but yeah, that's everyone's dream... to have 2 properties... one for renting out plus capital appreciation! its easier to achieve in our parent's era but more difficult now as our 1st HDB flat already put us into debt for a good 10 yrs or so...

Oh I'm buying a private so that I can inherit my parent's hdb in future.

Anyway I have no intention to own a second private la, one private already so xiong already. A $300,000 stock portfolio and $200,000 cash is good enough.

 

[Dividends Warrior]

Wah... so atas. Mine way simpler. Retire by 60. Own a convenience store and sell groceries near seaside. Everyday enjoy beach.
Kids no need worry about $$ as they can fund themselves from my investment up to their first job.

Seaside store? At sentosa fort siloso beach isit?

 

[Sinkie]

Everything except party hard. Miserable life leh. But boh bian, all for the sake attaining financial freedom. LLST.

Well, you can still party hard if it's part of your job, like going party or ktv with your clients as part of entertainment haha

 

[Jazzbie]

300K portfolio at 6% yield is probably sufficient passive income only for one self. If have dependents, still must work harder.

Sent from Samsung SM-G900F using GAGT

 

[akwl88]

How to get 300k portfolio if married and got kids?

 

[Dividends Warrior]

Well, you can still party hard if it's part of your job, like going party or ktv with your clients as part of entertainment haha

That's true. Can attend black-tie events too!