Passive income thread

[Summer78]

How is this?

Beautiful. Any mortgage commitment?

 

[Summer78]

If you purchase $16k worth of IWDA every month with IBKR, brokerage fee is just around about US$10 per month.

With an accumulating ETF like IWDA, dividends are automatically reinvested, so compounding happens automatically.

There is nothing wrong with drawing down from the ETF every month during retirement.

Mod, happy can liao. Nothing wrong.

 

[Summer78]

No SK.. I am old and going to retire ..many younger forumers here are investing right and doing better than me.
I lost a lot of money between 1990 to 2008 because no investment concept .During that era , most investing forums were for spreading rumor. I lost on Clob, penny stocks, s-share and internet unicorn.. Completely stop investing from 2008 to 2013 after losing too much.. From 2014, I started learning about investment and read financial blogs on passive income . I realized I need to do something about my finance and prepare retirement.

$1m in liquid assets for retirement very satki liao Shu Shu.

 

[Summer78]

Reading thru the post most times its alot more than bond being offered, in most times its more equity etf being prompted as primary approach almost a sure win (as quoted)

"Below clearly illustrates why most people should just buy broad market indices and hold them! Not attempt to pick stocks!!!"

Awhile ago someone asked about buying property, I offered some advise which was put down and again equity etfs was used as a based comparison on returns etc etc. Honestly if someone asked and seem comfortable around property as an investment is it rationale to put it down and switch to an instrument he may not be comfortable with?

From what I seen those who do stock pickings are sharing their views with their various theories and precaution, I don't see them advocating as it sure win method.

I support what Limster said in post #235 especially points 2 & 3

Reading money mind felt like: chicken rice is the most tasty food in the world. Every one should consume chicken rice.

 

[BBCWatcher]

In reality, some of those people who push ETFs to others in this forum are also holding dividend shares! There are some here that always make 'recommendation' but never disclose their portfolio.

I and many other investors like dividendwarrior etc prefer to "say what I do" and share what they buy. Other don't share, but say you must "do what I say!"

Who do you have in mind?

As it happens, I frequently explain exactly what I do...and then often why non-U.S. persons should NOT do exactly what I (a U.S. citizen) do. Different situations sometimes call for different financial answers. For example, non-U.S. domiciled funds including non-U.S. REITs, unit trusts, and ETFs are tax inappropriate for me because of the icky IRS Form 8621, best avoided. So I don’t buy VWRD (for example), but I do buy FZILX and FZROX as I’ve mentioned previously. FZILX+FZROX is effectively equivalent to VWRD, but the former is appropriate for U.S. persons and the latter is appropriate for non-U.S. persons.

I don’t think this passive income “porn” thread is impressive. Rather the opposite. If given a choice during one’s accumulation years, it’s better to have capital appreciation rather than dividend distributions. The former is more tax and cost efficient than the latter, and that’s true whether you’re a U.S. or a non-U.S. person. Do I receive interest, dividends, and distributed capital gains? Sure, but I certainly don’t seek them out as such, and insofar as possible I set up automatic reinvestment.

 

[mummy1234]

I just received an email that I have been picked to receive S$1 mil as donation from someone who won the powerball in the US. S$300 MIL plus prize money. He wants to donate $10 mil.

What should I do? Ignore or reply his email? Sounds like a scam right? But if true, really Cai Shen Ye come as good passive income for me. How to safeguard myself?

 

[Summer78]

Who do you have in mind?

As it happens, I frequently explain exactly what I do...and then often why non-U.S. persons should NOT do exactly what I (a U.S. citizen) do. Different situations sometimes call for different financial answers. For example, non-U.S. domiciled funds including non-U.S. REITs, unit trusts, and ETFs are tax inappropriate for me because of the icky IRS Form 8621, best avoided. So I don’t buy VWRD (for example), but I do buy FZILX and FZROX as I’ve mentioned previously. FZILX+FZROX is effectively equivalent to VWRD, but the former is appropriate for U.S. persons and the latter is appropriate for non-U.S. persons.

I don’t think this passive income “porn” thread is impressive. Rather the opposite. If given a choice during one’s accumulation years, it’s better to have capital appreciation rather than dividend distributions. The former is more tax and cost efficient than the latter, and that’s true whether you’re a U.S. or a non-U.S. person. Do I receive interest, dividends, and distributed capital gains? Sure, but I certainly don’t seek them out as such, and insofar as possible I set up automatic reinvestment.

Currently are you based in US or Singapore?

Mind if I ask if you are Caucasian?

 

[havetheveryfun]

I just received an email that I have been picked to receive S$1 mil as donation from someone who won the powerball in the US. S$300 MIL plus prize money. He wants to donate $10 mil.

What should I do? Ignore or reply his email? Sounds like a scam right? But if true, really Cai Shen Ye come as good passive income for me. How to safeguard myself?

are u sure u are really a doctor... this scam has been around since dont know how many donkey years ago

 

[ELKYme]

You really have a sense of humour...really ideal at this moment to diffuse the tense situation here.
Possible to also pose this question over at “should you delay your CPF life payout” thread as well?

Please don’t be the Cai Shen Ye for that “somebody” can already.

Gong Xi Fa Cai!

I just received an email that I have been picked to receive S$1 mil as donation from someone who won the powerball in the US. S$300 MIL plus prize money. He wants to donate $10 mil.

What should I do? Ignore or reply his email? Sounds like a scam right? But if true, really Cai Shen Ye come as good passive income for me. How to safeguard myself?

 

[Urbanchap]

I just received an email that I have been picked to receive S$1 mil as donation from someone who won the powerball in the US. S$300 MIL plus prize money. He wants to donate $10 mil.

What should I do? Ignore or reply his email? Sounds like a scam right? But if true, really Cai Shen Ye come as good passive income for me. How to safeguard myself?

Of course it's a scam.

 

[BBCWatcher]

Currently are you based in US or Singapore?

Singapore.

Mind if I ask if you are Caucasian?

Obviously I cannot stop you from asking, I’m not easily offended, and that’s a funny question. “Pass.”

 

[Maeda_Toshiie]

1. Thats good, then i'm not referring to him.

I don't know who you are referring to, but most Bogleheads people do what they say.

2. Even if not financially savvy, I still assume a basic level of intelligence and diligence in investing one's hard-earned savings. If you are basically saying that people who ask for advice have no knowledge, refuses to spend time learning, and who needs to be spoonfed, then Shiny's recommendation also won't work. Opening 2 brokerage accounts (IB and local account) to alternately buy IWDA, ES3, MBH.... is not so simpur.

IMO, deciphering cashflow and income statements, balance sheets, and cranking out DCF calculations is easier than opening a brokerage account online. Ok, maybe analyzing annual reports is easier for you, YMMV, more power to you.

Consider the US, where indexing has been growing. I think most people there are more comfortable in buying index funds.

2. Investment of financial instrument investments does not suit everyone, for example those who get too emotional about price fluctuations. Simply pushing advise to buy etf as a buy and forget about it approach to these individuals is also irresponsible.

And stock fluctuations are amply described in his book, also in various threads. Stock market volatility is a well known thing. The full Bogleheads portfolio does not solely consists of stock(s) ETF, but also a bond component to help reduce the overall portfolio volatility.

Anyway, my post was with respect to people who want to be invested in the stock market, especially those who try stock picking. Many (perhaps most) of the retail investors in the stock market do not do their due diligence of studying the stock that they buy. They buy and sell based on analyst picks, broker advice, various form of stock tips, with emotions affecting their decisions. The precise aim of the Bogleheads is to cut that out and enforce a disciplined system. If people can't take the stock volatility or stick to a disciplined system, they are welcomed to put their money in SSB or fixed deposits.

As for property, the single point concentration and illiquidity of the investment are rarely talked about.

 

[existential_reality]

Not to further OT the thread, everyone has different investment comforts, approach and tolerance level. There are some who need to respect that is all we're saying when others share their investment approaches.

As for property happy to discuss pros and cons but maybe not on this thread. the single point concentration and illiquidity risk is probably akin to that of a thinly traded stock without the leverage.

Anyway, my post was with respect to people who want to be invested in the stock market, especially those who try stock picking. Many (perhaps most) of the retail investors in the stock market do not do their due diligence of studying the stock that they buy. They buy and sell based on analyst picks, broker advice, various form of stock tips, with emotions affecting their decisions. The precise aim of the Bogleheads is to cut that out and enforce a disciplined system. If people can't take the stock volatility or stick to a disciplined system, they are welcomed to put their money in SSB or fixed deposits.

As for property, the single point concentration and illiquidity of the investment are rarely talked about.

 

[wira]

I just received an email that I have been picked to receive S$1 mil as donation from someone who won the powerball in the US. S$300 MIL plus prize money. He wants to donate $10 mil.

What should I do? Ignore or reply his email? Sounds like a scam right? But if true, really Cai Shen Ye come as good passive income for me. How to safeguard myself?

Just play along loh.

See if end up you have to pay “admin fee” in order to release the funds to you.

 

[mummy1234]

Just play along loh.

See if end up you have to pay “admin fee” in order to release the funds to you.

But what if it is money laundering?
I think safer to work at my job though it is tiring now after going back as fulltime after so many years working fewer hrs. Sian just to think I have to work 2 weekday nights and alt Sundays.
Super busy at times and the rates r lower than locum rates unless I achieve superhigh sales.Maybe I will quit after 1 mth but have to give 3 mths notice.
Just did a per rectal exam on a pt who complained of diarrhoea but had absent bowel sounds. Don't want word to spread that it is easy to fake symptoms and get MC from me.

 

[Toni90]

But what if it is money laundering?
I think safer to work at my job though it is tiring now after going back as fulltime after so many years working fewer hrs. Sian just to think I have to work 2 weekday nights and alt Sundays.
Super busy at times and the rates r lower than locum rates unless I achieve superhigh sales.Maybe I will quit after 1 mth but have to give 3 mths notice.
Just did a per rectal exam on a pt who complained of diarrhoea but had absent bowel sounds. Don't want word to spread that it is easy to fake symptoms and get MC from me.

I thought just say headache can get MC already?

 

[Urbanchap]

But what if it is money laundering?
I think safer to work at my job though it is tiring now after going back as fulltime after so many years working fewer hrs. Sian just to think I have to work 2 weekday nights and alt Sundays.
Super busy at times and the rates r lower than locum rates unless I achieve superhigh sales.

Huh, doc also got "sales" target?

 

[mummy1234]

I thought just say headache can get MC already?

Depends on the Dr. And how bad the headache is. Sometimes BP can be high so need to rest.

 

[mummy1234]

Huh, doc also got "sales" target?

Clinic opened by big boss with his partners. They also want passive income I supposed. But it is legit sales as promoting health screening and vaccinations is for yr own good.

 

[Toni90]

Clinic opened by big boss with his partners. They also want passive income I supposed. But it is legit sales as promoting health screening and vaccinations is for yr own good.

Your clinic is bad. Difficult to give MC then try to sell expensive vaccination and health screening.