Who Here Is Earning $50K/Month or More? Let’s Talk Strateg

[cyke69sg]

Or visit WSB and see the guys who went into $OPEN when it was 80 cents post their gains porn

Actually nowadays this is the trend.

My theory is that the reason why unemployment is getting higher and higher is because there is no need to work anymore.

Especially the younger generation, they now know NOT to work but to invest and watch the stock market is better.

My guess is that most of the active workforce now is all people in late 30s and above.

The younger ones is not cannot find job is that THEY DON'T NEED TO WORK.

 

[cyke69sg]

idnetify is one thing.

Dare to all in 300k on one stock or not. especially when a stock is not blue chip yet aka still not a proven company yet. That one not easy.

totally agree!

The proper way to invest is slow and steady.

Using figures like 10% annual returns.

 

[cyke69sg]

My target now is to build portfolio that makes $50k a month passively.
I like the idea of having monthly distributions paid.
It's small beans compared to those big growth stories. But it suits me practically.

Part of my strategy is to create passive streams for my kids so that they can retire in the near future.

 

[RadEoNic]

Actually nowadays this is the trend.

My theory is that the reason why unemployment is getting higher and higher is because there is no need to work anymore.

Especially the younger generation, they now know NOT to work but to invest and watch the stock market is better.

My guess is that most of the active workforce now is all people in late 30s and above.

The younger ones is not cannot find job is that THEY DON'T NEED TO WORK.

work for what?
*disclaimer: Not mine. I bought small small only

 

[cyke69sg]

work for what?
*disclaimer: Not mine. I bought small small only

Exactly what I meant!

Work for what?

Only the older gen work these days.

 

[arsenalfc85]

Exactly what I meant!

Work for what?

Only the older gen work these days.

I don’t even know got such a stock

haha

 

[endlssorrow]

Me 1.6k salary before CPF has no place in this thread

Don’t worry I got $200 more so that $200 more goes to cpf and I get net $1.6

 

[cyke69sg]

I don’t even know got such a stock

haha

With the latest results that the mean salary is $6k+ surely there are those who make $50k a month or more for sure!

 

[cyke69sg]

work for what?
*disclaimer: Not mine. I bought small small only

How do you allocate capital?

How much stocks do you buy every month?

 

[byfun]

idnetify is one thing.

Dare to all in 300k on one stock or not. especially when a stock is not blue chip yet aka still not a proven company yet. That one not easy.

Identify is the first most impt step , if this also cannot achieve .. even 10% or 100% all in also no chance.

Of cos in 10% to 100% that one depend on your own guts or convictions liao..

 

[cyke69sg]

Identify is the first most impt step , if this also cannot achieve .. even 10% or 100% all in also no chance.

Of cos in 10% to 100% that one depend on your own guts or convictions liao..

School should teach this sort of skill rather than all the useless other things we get kids to learn.

 

[byfun]

School should teach this sort of skill rather than all the useless other things we get kids to learn.

i think sometimes the elite dont wanna teach the so call working class easy ways to make money ... if not who will work for them or provide service for them ?

By anyway spore going this trend, young generation is working part time or not working. Easier money via investment, especially if their parents got some support to kick start their investment.

Spore narrative of meritoracy, u study hard , find good job will have good future is almost bs. Unless u r the top 1 to 5% likely you wont get far if u r an honest chap. Just see the worldwide inflation and SG housing inflation vs fresh grad salary 20 yrs ago n now.

The honest working class only get into more debts and into a vicious endless cycle of working to pay debts only. Financial freedom is almost impossible just by honest working.

 

[cyke69sg]

i think sometimes the elite dont wanna teach the so call working class easy ways to make money ... if not who will work for them or provide service for them ?

By anyway spore going this trend, young generation is working part time or not working. Easier money via investment, especially if their parents got some support to kick start their investment.

Spore narrative of meritoracy, u study hard , find good job will have good future is almost bs. Unless u r the top 1 to 5% likely you wont get far if u r an honest chap. Just see the worldwide inflation and SG housing inflation vs fresh grad salary 20 yrs ago n now.

The honest working class only get into more debts and into a vicious endless cycle of working to pay debts only. Financial freedom is almost impossible just by honest working.

Agree. I am working now so I can build a system where my kids never have to work again. Generational wealth.

Yes and don't teach others for sure.

 

[cyke69sg]

i think sometimes the elite dont wanna teach the so call working class easy ways to make money ... if not who will work for them or provide service for them ?

By anyway spore going this trend, young generation is working part time or not working. Easier money via investment, especially if their parents got some support to kick start their investment.

Spore narrative of meritoracy, u study hard , find good job will have good future is almost bs. Unless u r the top 1 to 5% likely you wont get far if u r an honest chap. Just see the worldwide inflation and SG housing inflation vs fresh grad salary 20 yrs ago n now.

The honest working class only get into more debts and into a vicious endless cycle of working to pay debts only. Financial freedom is almost impossible just by honest working.

My wife says that if I do this then my kids will feel less satisfaction and achievement in life.
They need to achieve it themselves.
But my thinking is that it doesn't hurt that they have a good base to work from. Freedom to explore. Take more risks in life.

 

[cyke69sg]

i think sometimes the elite dont wanna teach the so call working class easy ways to make money ... if not who will work for them or provide service for them ?

By anyway spore going this trend, young generation is working part time or not working. Easier money via investment, especially if their parents got some support to kick start their investment.

Spore narrative of meritoracy, u study hard , find good job will have good future is almost bs. Unless u r the top 1 to 5% likely you wont get far if u r an honest chap. Just see the worldwide inflation and SG housing inflation vs fresh grad salary 20 yrs ago n now.

The honest working class only get into more debts and into a vicious endless cycle of working to pay debts only. Financial freedom is almost impossible just by honest working.

Crazy part of even if earn $50k pm is not even top 1-5% in Singapore!

 

[Needmysleep]

Crazy part of even if earn $50k pm is not even top 1-5% in Singapore!

Should be close enough.

 

[cyke69sg]

Should be close enough.

In Canada yes. I don't think so in Singapore. Singapore likely need $100k pm to be top 1%.

Remember top 1% is only 1 in 100.

So it is not as high as those billionaires which are like 1 in 100,000 maybe.

 

[cyke69sg]

Where are the SQ pilots?

 

[Needmysleep]

In Canada yes. I don't think so in Singapore. Singapore likely need $100k pm to be top 1%.

Remember top 1% is only 1 in 100.

So it is not as high as those billionaires which are like 1 in 100,000 maybe.

https://dollarsandsense.sg/much-top-1-singapore-earn/ dont know how accurate.

but i guess should be for those who pay taxes

 

[cyke69sg]

https://dollarsandsense.sg/much-top-1-singapore-earn/ dont know how accurate.

but i guess should be for those who pay taxes

Bro @dereth you are top 1%! Congrats bro!

According to the latest Knight Wealth Report 2024, which examined global wealth levels as of Q4 2023, to be part of the top 1% in Singapore in terms of net wealth, an individual needed to own assets worth US$5.23 million (S$7.06 million