tag:blogger.com,1999:blog-37872616.post1845074719156331604..comments2024-03-29T17:14:25.039+08:00Comments on BULLy the BEAR: Daring to dream bigla papillionhttp://www.blogger.com/profile/01372278083694506953noreply@blogger.comBlogger13125tag:blogger.com,1999:blog-37872616.post-2385970900189060502010-02-28T23:04:53.026+08:002010-02-28T23:04:53.026+08:00Hi ucypmas,
Good point you've raised :) I did...Hi ucypmas,<br /><br />Good point you've raised :) I didn't account for that because so far, I can pass down the cost of inflation to my clients. In fact, my fee increment is more than the inflation rate.<br /><br />Many ways to offset inflation in my case ;)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-65468121012381363682010-02-28T22:53:18.505+08:002010-02-28T22:53:18.505+08:00What about inflation? If you want 3k in today'...What about inflation? If you want 3k in today's purchasing power - the absolute number is larger 30 years down the road. This means the size of the kitty needs to be larger.ucypmasnoreply@blogger.comtag:blogger.com,1999:blog-37872616.post-14993728199358247672010-02-28T22:18:44.447+08:002010-02-28T22:18:44.447+08:00Hi bro8888,
I intend to have kid/s. The challenge...Hi bro8888,<br /><br />I intend to have kid/s. The challenge is therefore to increase my savings while accounting for parents' liabilities and kids expenses. It's not going to be easy, hence the challenge, yet it's not going to be impossible, hence I dare to blog about it.<br /><br />How to do that? Earn a lot more money by leveraging on time. I can potentially earn 2-3 times as much, which should be able to offset the higher expenses that is sure to come when I reached life's milestones, hence I should at least maintain my savings rate (I even hope to increase it). <br /><br />I'll be able to see if this dream is concrete or just plain dreaming by next year end. The plan should be more concrete by then too :)<br /><br />Do note that in my plan, I do not include my current assets. I am assuming a clean state, starting next year. The amount I have in cash and stocks should be able to provide a strong buffer against potential bombs.<br /><br />Thanks for letting me have a chance to clarify my thought process by answering you, haha :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-90196954223632318912010-02-28T14:01:22.200+08:002010-02-28T14:01:22.200+08:00Dare to dream even bigger ...
http://createwealth...Dare to dream even bigger ...<br /><br />http://createwealth8888.blogspot.com/2010/02/daring-to-dream-big-sometime-we-may.htmlCreatewealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-41392425874859838982010-02-28T12:59:17.314+08:002010-02-28T12:59:17.314+08:00I am assuming you don't plan to have kids, rig...I am assuming you don't plan to have kids, right?Createwealth8888https://www.blogger.com/profile/08563834016250153049noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-91753028531045747442010-02-28T05:27:44.834+08:002010-02-28T05:27:44.834+08:00Hi mw,
The title of the article is about daring t...Hi mw,<br /><br />The title of the article is about daring to dream big afterall :)<br /><br />It's not sad, in fact, it's a very heroic feat! At least you've proven to yourself that you can do it. I've yet to show that I can fulfill it. If I can't, it's just talk :)<br /><br />Thanks for sharing :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-9080358446648470972010-02-28T05:19:41.127+08:002010-02-28T05:19:41.127+08:00Hi cif5000,
Thanks for your encouragement :) Actu...Hi cif5000,<br /><br />Thanks for your encouragement :) Actually I plan to do it in one lump sum during a crisis, on blue chips quality but with yield of >8%. The thinking is that once the price bonce back to normalcy, I'll have both a good margin of safety and a good yield to boost. Rather this, than pumping capital constantly as in a dollar cost average kind of strategy to increase my passive income slowly.<br /><br />But you gave me a very good evaluation criteria to judge my own ability before the plunge. Thanks for the advice!la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-8678940736491357152010-02-28T05:13:02.447+08:002010-02-28T05:13:02.447+08:00Hi Dou,
I was showed a table of the various types...Hi Dou,<br /><br />I was showed a table of the various types of combination for saving a 50k sum. The tables have vertical columns of 'investment yield' and horizontal rows of 'years'. For each row and column, there's a sum to save per month.<br /><br />I commented that there should be a column with 0% investment yield, 1 yr time period, each saving 4.5k per month :)<br /><br />What I meant is that with a damn solid savings goal, you can beat a solid investment plan in terms of consistency :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-78547530593326274552010-02-28T05:03:50.152+08:002010-02-28T05:03:50.152+08:00Hi AK,
Thanks for your encouragement :) You'r...Hi AK,<br /><br />Thanks for your encouragement :) You're doggedness on pursuing your goals systematically is inspiring, so I would wish to follow it too :)la papillionhttps://www.blogger.com/profile/01372278083694506953noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-41275523305705988922010-02-28T02:10:37.889+08:002010-02-28T02:10:37.889+08:00Sounds ambitious and bold, just the way I like it!...Sounds ambitious and bold, just the way I like it!<br /><br />I have to learn more from you on how to budget for my future! Right now all I have is a 3-year plan and goal....haha.<br /><br />My compounding target is 5% per annum based on my current portfolio cost of $150,000, so that's a target of $7,500 per annum. Coupled this with S$3K savings per month (and plus bonusess), that's about hopefully $50K per annum. So if this goes on, it's only about $150K in 3 years. Quite sad eh? But then I have a kid and house, so perhaps that's just about right....hehe<br /><br />Cheers,<br />MusicwhizMusicwhizhttps://www.blogger.com/profile/10950754156386935254noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-80149556482764690022010-02-28T01:04:55.468+08:002010-02-28T01:04:55.468+08:00Let's think Plan A, specifically on the 10% or...Let's think Plan A, specifically on the 10% or 7% investment yield. Before reaching the 400K, I would try to demonstrate my ability to achieve that yield while building up the capital, preferably evaluated on a 5-year rolling average. And if I realize that I can hit that 7-10% investment yield, my capital accumulation time will decrease. If I can't, then 400k is not enough.<br /><br />PS: enjoy reading your posts.cif5000https://www.blogger.com/profile/06501446537384033686noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-33714307177560874832010-02-28T00:47:50.008+08:002010-02-28T00:47:50.008+08:00I think there a report before on saving of $4K eve...I think there a report before on saving of $4K every month and 10 % yield up on savings. In 20 years, u be a millionaire.<br /><br />Saving is not that hard but achieving a 10% yield is hard partDouhttps://www.blogger.com/profile/10694404984460035958noreply@blogger.comtag:blogger.com,1999:blog-37872616.post-43769981009222259912010-02-28T00:27:50.157+08:002010-02-28T00:27:50.157+08:00Hi LP,
I like this post very much. Dream big, st...Hi LP,<br /><br />I like this post very much. Dream big, start small. Taking incremental steps, your dream would surely come true. :)AK71https://www.blogger.com/profile/16832145412062954289noreply@blogger.com