I retired on a passive income four years ago! "my financial advisors" have made more money than I have over that time, in fact over the past twenty years! - Leeches!Quote:
Originally Posted by sabang
I retired on a passive income four years ago! "my financial advisors" have made more money than I have over that time, in fact over the past twenty years! - Leeches!Quote:
Originally Posted by sabang
:yikes:Quote:
Originally Posted by slimboyfat
3000 SGD a month, that will include money for the kids I assume, not too bad
buy the house in the UK, good plan
try to buy another in France or Spain :)
apartments could do, above all in Spain near the beach, to rent out on AirBNB for the summer
Portugal is always a cheap place for housing, 300K EUR will buy you a nice place
financial advisors here in Thailand are mostly scammers, everyone of them I met was trying to sell some "expensive" savings plan where you basically finance all their fees for the next 20 years. Incidentally, most were British, which tells you something about the moral compass of those English :)Quote:
Originally Posted by sabang
Dividend paying shares will not be enough to pay for your retirement, only active trading with skills could do, but that's also expensive to run in time and money. Most of my US clients when I was stationed in Bangkok made between 700% and 1500% on their money over 10 years, but it took a lot of time and resources to run, so min portfolio size had to be 1m USD min eventually.
Bitcoin :)
Though I have decred because when you stake it to vote and assist in securing the network you receive a portion of the block rewards. Averages out to about 20% a year.
At the moment you need about 5k of DCR to be able to purchase one ticket to enable you to participate in the voting
Get ordained.
Less is more.
Second and third passports -- Paraguay citizenship is relatively inexpensive and wouldn't take that long. You wouldn't have to live there. You just need the documents.Quote:
Originally Posted by slimboyfat
Probably going to need a name change and some plastic surgery.
OK. I was just planning on leaving Singapore without giving my ex-wife a forwarding address.Quote:
Originally Posted by happynz
Anyone have any thoughts on student accommodation in the UK?
Something like this?
https://www.youtube.com/watch?v=-nQHeeTd7tg
I'll prepare with this ... :spin: but most of the advice, while well intended is possibly ill advised.
For those suggesting that SBF buy another house for income is folly.
You already own a house in the UK, you own a house in Thailand, why, on Earth is it a good idea to buy another house,
in a foreign country, Spain etc. I presume you don't speak a language other then English and a smattering of Thai.
So imagine the difficulty of finding a suitable property, months spent in a foreign country and then the maintenance etc.
PLUS ... it's a relatively poor time to buy property. Interest rates have been at all time lows in many countries thus,
the affordability of Real Estate and thus, prices have never been so high.
If you are funding the purchase through borrowings, the interest rates are rising.
So, you've bought a house, near the top of the market, in a foreign country.
Three houses ... feels like eggs in a basket.
---
Think also about currency fluctuations. Where will most of your bills come from?
I'd be looking to get some of my income in that currency so the exchange rate variability is removed from the equation.
---
One suggestion would be a high dividend paying Thai Share/Stock.
https://teakdoor.com/attachment.php?a...id=18322&stc=1
https://www.bloomberg.com/quote/BTSGIF:TB
It's an infrastructure stock paying a healthy 6.5% dividend.Quote:
About BTS Rail Mass Transit Growth Infrastructure FundBTS Rail Mass Transit Growth Infrastructure Fund is a closed-end fund incorporated in Thailand.
The Fund's objective is to achieve income.
The Fund invests in the Core BTS Sky Train System from BTSC, which includes the Core Sukhumvit Line & the Core Silom Line.
BHT 400,000 invested there would pay BHT 23,400 annual dividend, plus some modest capital gain.
BHT 400,000 X 6.5% - 10 tax
Thai Tap Water - https://www.bloomberg.com/quote/TTW:TB - another infrastructure Stock, paying 4.84%
Just for starters.
5% dividend is not going to take you far, and those shares tend to depreciate over time as assets are sold to pay for those "high dividends" to investors
it's a tough call, I still think for amateur investors, property is their best bet, but always buy someting you know, and if Spain is too far or too foreign for you, dont go there
I have two rentals, one nets $400 per month the other maybe 150. I have property managers for each property since they are in different states. It is not a lot of money and when you think everything is going fine you get a message saying the a/c needs replacing at $2500 or the sewer pipe leading to the main needs replacing (soon).
I did meet a fellow in Thailand who owned several rentals free and clear in the US and he decided to sale them and be the bank to the buyer. So, he is making 7% on the loan and if the buyer defaults he forecloses on the house and sales it again. The good thing about being the bank is you're no longer paying taxes on the property and no longer paying insurance, your buyer is now responsible for that. One drawback is when you buyer decides to refinance with a new bank.
There's an investment that offers good returns and is unlikely to ever go under and that is investing in a cask of whiskey. There are also "brokers" who will allow investment in fractions of a cask.
Japanese whiskey is the future, but Scotch and Irish have the tradition and are steady.
Having a house in your home country in a nice area and renting it seems like a safe bet. That along with a sizable savings and a few self funded retirement accounts. One advantage of renting a house in your home country is you could go back there should something unforeseen happen. Plus the monthly income for ages as apposed to a lump sum this part would require the house to be paid off or close to it. That is my plan I'm 46 so a lot can happen. Also trying not to piss away huge sums on cars.
Good luck
Yep ... depreciating asset.Quote:
Originally Posted by naptownmike
No money in cars*
Plus, we only run one car ATM, two is what we'd like, one is what we need.
* Your daily drive
At least your likely income is realistic, unlike braggart Butterfly with his grandiose percentages. He really is a top scammer.Quote:
Originally Posted by David48atTD
oh no here we go again, are you sure you are not related to LoyToy, you miserable old man :)
You’ll be needing a boiler suit for your next scam. Trolling biatch. :)
Why buy property?
Taxes, what taxes?
Yes, you pay it but it is depreciable.
Utilities,yes its all by by.
Check with your accountant but as far as I know property taxes utilities Insurance Etc are all a write off.
boiler room boys are all British, you silly Brexit pensionerQuote:
Originally Posted by Switch
Ok,
So the best advise is:
Work you're ass off.
Get a pension.
Live for a few breaths and die.
Is there another way out?
Damn I spilt that shit all wong. I dont mean you silly. at least not in that particulay way.
Shut.....Im jumping with Jack'
I bee dupit be da dingo
If that can't make the TD quotes, what will?
Quote:
Originally Posted by fishlocker
Find a sweet sugar mama....??