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As long as one doesn't squander all the money on all the mei-mei's,
one should be always fine..
hehe..
With $2m, you should do all.
Just split your capital into 500k and allocate them accordingly.
Why do this?
Since your are retired, you objective are to protect your capital while generating constant income and have activities to keep you occupied.
By spreading your investment, you protect your capital from unforeseen disaster that could strike any one particular area. At the same time, you get constant income from dividends, bond payout and rental. Also you occupied by managing these investment, so you don't feel bore from retirement.
Good luck.
jm2212 ( Date: 26-Sep-2010 09:45) Posted:
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He is nice..
and old gold!
niuyear ( Date: 27-Sep-2010 12:14) Posted:
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You are a very kind and good person. :)
KIMPEK ( Date: 14-Sep-2010 15:10) Posted:
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My suggestion: invest 10%, 9%, 8%, 7%, 6%, 5%, 4%, 3%, 2% 1% and 45% and hold 20 to 30 years of your total Sgd. 2,000,000.- to CHINA JISHAN, UNIFOOD, CAPITA MALL ASIA, MIDAS, SINOTEL, STAR PHARMAEEUTICAL, UETF SSE50 CHINA100, GENTING HK, RAFFLES EDUCATION CORP, WANXIANG INT'L and PROPERTY in CHINA. (CAVEAT EMPTOR) Please noted, all rental income could be offsetting your daily spending throughout 30 years !
jm2212 ( Date: 26-Sep-2010 09:45) Posted:
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Just aim for one penny stock and you will be a millionaire in 2-year time.
Just choose one as there are many out there.
i know change ur currency to dong, and u will have 2million! then u will know what to do hahahaha!
joking..don't even see 5% of 1million where to dig???
DnApeh ( Date: 26-Sep-2010 10:06) Posted:
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I need to make the 2 mil 1st, then i tell you.
saw the following on another forum, just for discussion sake, what is your opinion??
| hi, like to hear your opinion on the following, if have $2mil cash (total available), which is better to generate for retirement returns (assume no other income): 1) invest in high yield dividen stock (min 5%) and dont care about the fluctuation of share price, that will get $100k a year of dividen 2) invest in bond, safer bet but get may be $60k-$70k a year 3) invest in property and get about $60k-$70k of rental return 4) invest in pref share and get about $100k of return 5) any other suggestions from anyone? time horizon is about 20 - 30 years. |
Be a volunteer.... when I am financially comfortable, I will quit my job and be a full time volunteer..
jm2212 ( Date: 14-Sep-2010 09:28) Posted:
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Alternatively, you can read financial news and do some analysis on Singapore Stock Market and do your posting here...
i sugg if u r physically and mentally ok...do some volunteer work ...that shld occupy u some time and do somethg good...for ur own karma? :)
jm2212 ( Date: 14-Sep-2010 09:28) Posted:
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Your legs ( i mean your 2 legs ) must not be "too comfortable" .:) Must move around and exercise, may be, If you are married, help with some house chores, members will treat you like king.
jm2212 ( Date: 14-Sep-2010 09:36) Posted:
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Congratulations! You need more compatible quality friends, families and partner/s to spend your retirement life, I suppose!
jm2212 ( Date: 14-Sep-2010 09:36) Posted:
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financially i'm very comfortable
May I know, if that would be the caused of money not enough? I hope it is not!
jm2212 ( Date: 14-Sep-2010 09:28) Posted:
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i retired alot younger than him, still cannot find activities to occupy my time and brain, this is a BIG problem....
http://www.todayonline.com/Voices/EDC100914-0000037/So-you-want-to-retire-,,,
by Cheng Huang Leng
05:55 AM Sep 14, 2010
I retired in 2000 at the age of 52. I am now 61, and I thought I should share my experiences because I have seen too many friends and neighbours get so bored that they have become a nuisance to their spouse, children and others.
A few solved the problem by going back to work. They were able to do so because they have a skill/expertise that is still in demand. The rest live aimlessly or are waiting to die - a very sad situation indeed.
Do not retire until you meet all four of these pre-conditions: Your children are financially independent; you have zero liabilities; your have enough savings to support your lifestyle for the rest of your life; and, most importantly, you know what you will be doing during your retirement.
The problem cases I know of failed to meet the last pre-condition.
When asked: "What would you be doing during your retirement?", some replied: "I will travel/cruise and see the world". They did that, some for three months, and then ran out of ideas.
The golfers replied: "I can play golf every day." But most could not because they were no longer fit to play well enough to enjoy the game. Those who could had another hurdle - they needed to the find "kakis" to play with.
It's the same with mahjong, bridge, badminton, trekking and karaoke - you need "kakis". Many people cannot find others who share their favourite passion (or, if they do, a few discover they are not welcome, like my obnoxious neighbour whom everyone avoids).
So, form your groups before you retire: Identify your "kakis", play with them and discover if they "click" with you.
KEEP FIT, SHARP AND USEFUL
There are others who say that when the retire, they will read all the books they have bought over the years. I know of one guy who fell asleep after a few pages! He discovered that he did not like to read after all. We do change and we may not enjoy the hobbies we once did.
What also changes when you retire, is that you wake up to a new routine - one that you must establish for yourself.
A good routine should keep your body, mind and spirit sharpened, and comprise:
- One weekly physical sport. Keep fit so as to enjoy your retirement. If you are not into sports, fire your maid and clean your home without mechanical aids. Dancing and baby-sitting are good alternatives.
- One weekly mind-stimulating activity, such as writing, studying for a degree, acquiring a new skill, solving puzzles or teaching. The day you stop using your brain is the day you start to die.
- One weekly social activity. Get yourself accepted as a member to at least three interest groups. You need friends more than ever as you get older.
- One weekly community service activity. You need to give to appreciate what you have taken in this life. It's good to leave some kind of legacy.
The other three days of the week should be devoted to family. In this way, you maintain a balance between amusing yourself and your family members.
Any spare time should remain "spare" so that you can capitalise on opportunities that come your way, such as an unexpected request to handle a project.
Despite your busy routine, you will at times be bored. Then it's time to turn to your Bucket List of the things to do before you kick the bucket. You need these to have something to look forward to. They could include trips and pilgrimages, visiting old friends and relatives abroad or re-doing your home.
Ultimately, if you can afford to retire and want to do so, start preparing now to live your sunset years to their fullest.