Thank you all !!

[revhappy]

congrats ..didnt know you F.I.R.E.D already ...i remember reading you said your job is quite relaxing and not stressful at all. what made you retire early ?

I didn't get PR in Singapore, so eventually I have to move back to India. Cost of living in India is half of Singapore. I am already 45 years old and daughter is growing up and I don't want her to be stuck with foreigner status and no PR, also India enables me to retire early and do something else interesting.

I was working in Banking IT, but had no passion or interest in IT. Now it has been 3 months in India. In India the investment landscape is booming, especially unit trusts. I am considering taking up a license to become a unit trust distributor in India.

It is not really for the money, but I can have it as a LinkedIn status and talk about investing and if someone is interested I can help them with investing.

That's the plan, but let's see how it goes. Otherwise, I am taking it easy, spending my time picking up and dropping my daughter to school, watching markets and social media. I have taken up playing badminton. So life is good

 

[revhappy]

what did u set as your SWR?

2%. Cost of living in India is quite low. Half of Singapore. So 2% is enough.

 

[60Remajust]

2%. Cost of living in India is quite low. Half of Singapore. So 2% is enough.

u are back in India already?

yea u made a wise decision at that aum 2% it will still grow even. U enjoy the wealth when it still matters

 

[highsulphur]

I didn't get PR in Singapore, so eventually I have to move back to India. Cost of living in India is half of Singapore. I am already 45 years old and daughter is growing up and I don't want her to be stuck with foreigner status and no PR, also India enables me to retire early and do something else interesting.

I was working in Banking IT, but had no passion or interest in IT. Now it has been 3 months in India. In India the investment landscape is booming, especially unit trusts. I am considering taking up a license to become a unit trust distributor in India.

It is not really for the money, but I can have it as a LinkedIn status and talk about investing and if someone is interested I can help them with investing.

That's the plan, but let's see how it goes. Otherwise, I am taking it easy, spending my time picking up and dropping my daughter to school, watching markets and social media. I have taken up playing badminton. So life is good

Getting a licence for you to set up a business to distribute unit trusts?

 

[NeneNene]

Wow.. you made 1 mil in 6 years?

I landed on this forum when researching whether to retire my mortgage with ~200K I had saved up at that point or put that into FD etc.. Ploughed that into IWDA+ES3 and ofcourse DCA through these 6-7years+ bonuses+buying the dips+SRS maxing etc. ...all went into this kitty. 1million is not all gains

 

[s-ghost]

jin envy, for ah gui, my biggest regret wi entering stocks 10 years ago

 

[iadpotato]

Gxgx! Same as most of us. Stumbled onto Shiny Things thread back then and diligently putting money into S&P 500 for cash/srs and trf OA to SA for CPF. Based on my trajectory, I should be able to hit FRS for my SA by end of year. 43 year old this year.

Should be able to hit half mil at 65 years at minimum at this rate.

how i wish i still can transfer OA to SA... my SA already max out until already hit the FRS for 2027 liao...

 

[Nanonited]

I landed on this forum when researching whether to retire my mortgage with ~200K I had saved up at that point or put that into FD etc.. Ploughed that into IWDA+ES3 and ofcourse DCA through these 6-7years+ bonuses+buying the dips+SRS maxing etc. ...all went into this kitty. 1million is not all gains

Wow… crazy.. your profit is huge… my iwda bought in 2017 is not even 3x based on my purchase price but your port is 5x. You must have timed some buys nicely…

 

[havetheveryfun]

Absolutely. Leverage is double edged sword. That COVID dip was irresistible even for risk averse like me. When I see major dips (5%++), I leverage 6-months of my savings rate and avail leverage from IB. And next 6-months paying into the leverage. That's the farthest I go.

I don't think you are that risk averse, plus you should give yourself some credit for having the emotions to plunge in large amounts of cash and even use leverage during covid period.

For me, I only deployed like 30% of my war chest during covid as everyday it keeps dropping and you don't know when it is going to stop dropping, until I got scared and waited, but once it rebounded I still waited and waited... until it was over

I mean its like you know its a good deal but our emotions will still stop us , which is good and bad in a way. But you managed to overcome those emotions, which most people can't.

 

[tan1688]

This is a not a brag post. Only a sincere vote of thanks... I started following the MoneyMind forum few years ago. Was a 40-yr old who was directionless on career and finance fronts. Two months into the forum, understood the magic of etfs, markets, compounding and CPF maxing . Opened IB account and started the IWDA/VWRA+ES3+CPF maxing. Even those market timers taught me something too. Listened to them and used the COVID dips+IB leverage to pump more into the same ETF mix

With the recent swell in markets the kitty has hit 1million. Nothing to brag for a 46-year old but just felt a thank you was in order.

Thanks !

Mind to screenshot IBKR the 1 million dollars and let us envy you

 

[highsulphur]

Mind to screenshot IBKR the 1 million dollars and let us envy you

I want to see too

 

[revhappy]

Getting a licence for you to set up a business to distribute unit trusts?

Yes.

 

[highsulphur]

Yes.

Seems like a worthy venture but requires lots of commitment

 

[dereth]

This is a not a brag post. Only a sincere vote of thanks... I started following the MoneyMind forum few years ago. Was a 40-yr old who was directionless on career and finance fronts. Two months into the forum, understood the magic of etfs, markets, compounding and CPF maxing . Opened IB account and started the IWDA/VWRA+ES3+CPF maxing. Even those market timers taught me something too. Listened to them and used the COVID dips+IB leverage to pump more into the same ETF mix

With the recent swell in markets the kitty has hit 1million. Nothing to brag for a 46-year old but just felt a thank you was in order.

Thanks !

Congratulations on your milestone!

 

[NeneNene]

Wow… crazy.. your profit is huge… my iwda bought in 2017 is not even 3x based on my purchase price but your port is 5x. You must have timed some buys nicely…

Not 5x.. 200K was my seed capital.. the rest is savings DCA over 7-years. Have to do some book keeping to figure the real return, but it's more like 70:30. If I see the profit on portfolio in IB (IWDA+VWRA)/ Vikers(ES3)/ Endowus(Global diverisifed) its ~300K. So the portfolio did not out do your for sure. And if you are coming here after Dereths thread then the profits are small change as they say

 

[Nanonited]

Not 5x.. 200K was my seed capital.. the rest is savings DCA over 7-years. Have to do some book keeping to figure the real return, but it's more like 70:30. If I see the profit on portfolio in IB (IWDA+VWRA)/ Vikers(ES3)/ Endowus(Global diverisifed) its ~300K. So the portfolio did not out do your for sure. And if you are coming here after Dereths thread then the profits are small change as they say

Dereth is all in conviction on a single tech stock which boomed big time… no way ETF can fight.. not even tech etf on leverage..

If some bitcoin whale shared they all in 300k on btc in 2017/2018… easily up 25–100x also

 

[peppermint7]

I don't think you are that risk averse, plus you should give yourself some credit for having the emotions to plunge in large amounts of cash and even use leverage during covid period.

For me, I only deployed like 30% of my war chest during covid as everyday it keeps dropping and you don't know when it is going to stop dropping, until I got scared and waited, but once it rebounded I still waited and waited... until it was over

I mean its like you know its a good deal but our emotions will still stop us , which is good and bad in a way. But you managed to overcome those emotions, which most people can't.

This. The emo part is very real! Those who been through that knows. Not everyone is courageous enough to hold it through esp when you keep seeing it falls and falls. Those who went through and make it is indeed applaudable. It really builds up your mindset and set your emotions to a higher level.

 

[highsulphur]

This. The emo part is very real! Those who been through that knows. Not everyone is courageous enough to hold it through esp when you keep seeing it falls and falls. Those who went through and make it is indeed applaudable. It really builds up your mindset and set your emotions to a higher level.

I'm still undecided what my portfolio allocation is going to be when I do retire. The last severe drawdown I experienced was in April and although it was painful, I didn't feel as emotional as the previous one in 2022/2023 probably because it was much shorter. Moreover I'm still working so things could be alot more emotionally if I'm not drawing a pay check

 

[DevilPlate]

This. The emo part is very real! Those who been through that knows. Not everyone is courageous enough to hold it through esp when you keep seeing it falls and falls. Those who went through and make it is indeed applaudable. It really builds up your mindset and set your emotions to a higher level.

I feel more emo when share price shot up/V-shaped recovery when i only accumulated like half of intended position……then i will js stop buying and see the price runaway

 

[highsulphur]

I feel more emo when share price shot up/V-shaped recovery when i only accumulated like half of intended position……then i will js stop buying and see the price runaway

Thats why just keep almost fully invested at all times!