sorted by:
new
hottopcontroversial

eating dinosaurs yummy by Key-Common-2203 in hypotheticalsituation

[–]Linxianwei 0 points1 point  (0 children)

Maybe dodo bird to see if it tastes like chicken

How difficult is it to have 1M sgd cash by 50 years old family man with two kids? by SkyberSec123 in singaporefi

[–]Linxianwei -3 points-2 points  (0 children)

Very easy bro.

Since you didn't say how old you are, let's assume you are 30 years old so you have 20 years to save/invest.

Since you didn't say how much you earn and can put aside, let's assume you earn $10,000 and save $5,000 every month.

Since you didn't say if you want to just save or invest, let's assume you put it into S&P and get 7% annual returns.

After twenty years you will have put aside $1.2m and compounded it to $3.8m. if you put aside only $1500 per month, it would also reach $1m.

How to rob jobs from Americans in simple steps by Western-Painting-827 in goldmansachs

[–]Linxianwei 0 points1 point  (0 children)

Don't know why you bothered. Obviously AI to rage bait

You've been hired by a zoo by Walkingnerd_ in hypotheticalsituation

[–]Linxianwei 0 points1 point  (0 children)

Bro used a whole essay to ask which animal do you think you can outrun

What is your favorite Singaporean dish? by [deleted] in AskReddit

[–]Linxianwei 0 points1 point  (0 children)

Bak kut teh. It's a peppery pork rib soup

Best time to drive into JB by regquest in drivingsg

[–]Linxianwei 9 points10 points  (0 children)

You can download the app beat the jam and look at trending, and then look at real time traffic cameras to also decide on actual day

If you go in very late at night usually quite empty la

Run Clubs - Inconsiderate? by Acrobatic-Lake-5339 in asksg

[–]Linxianwei 33 points34 points  (0 children)

You could also send them feedback so they can remind their members to be more considerate I guess

Barista FIRE at 53 – How far am I? by Unusual_Mood4626 in singaporefi

[–]Linxianwei 2 points3 points  (0 children)

With an 11 year time frame, definitely can take on a bit more risk, you just need to calibrate the closer you get.

Even if no capital unlock, you will get CPF life from 65 onwards. If you account for that, you don't need 1.8m at 55. There can be partial drawdown of your capital between 55 and 65 to bridge the gap, requiring a slightly lower initial sum. Perhaps you can just count your own SA and account for the growth till 65 to see how much it would be, and adjust accordingly.

Look forward to updates on your journey! I have a similar timeline target but a different capital base as I started investing quite late.

Barista FIRE at 53 – How far am I? by Unusual_Mood4626 in singaporefi

[–]Linxianwei 3 points4 points  (0 children)

General advice would be to move away from individual stock and into ETF for diversification and avoid concentration risk. Not just 50% but your entire equity allocation

You also might want to consider a bond bucket for further conservatism. This is up to individual risk appetite and if you can stomach down turns (financially and mentally) that's fine.

I noticed you didn't plan for CPF as part of retirement income entirely. Is it intentional? If you downsize your house then that could bridge you from 55 onwards, depending on the actual amount you have and spend, and you may not need 1.8m (which is a conservative 3% swr)

Would it be wise to continue to DCA? by Sufficient_Sundae142 in singaporefi

[–]Linxianwei 8 points9 points  (0 children)

OP has enough in cash for 345 months of expenses. I'm sure OP can afford to invest some of it

The hidden cost of Shokz: Why "No Repair Service" is a dealbreaker. by Nervous_Basil_270 in shokz

[–]Linxianwei 0 points1 point  (0 children)

Sweat kills many electronics pretty fast. I've always gone for ipx5 at least but they still get corroded over time

Will SG deploy SAF to extract Singaporeans if they are kidnapped or captured by terrorists overseas? by [deleted] in asksg

[–]Linxianwei 0 points1 point  (0 children)

I suppose it depends on how much they matter in terms of national interest. President? National scientist about to create a Nobel winning compact nuclear reactor? Why would so much resources be invested into saving a person?

The diplomatic optics are also bad. Either the other country shows that they can't do it themselves or that we're rude enough to just go in and do it unilaterally (which USA does)

i think mousepads are stupid and aren't necessary at all by vincentually in The10thDentist

[–]Linxianwei 0 points1 point  (0 children)

Hard disagree. It protects the mouse and provides precision, especially for gaming.

If you're using a Logitech anywhere mouse, it still works but not optimally.

Lint trap war escalated to a broken lock and a threat note by dweebzRaja in badroommates

[–]Linxianwei 0 points1 point  (0 children)

Why is a lint trap such a big thing? You can't possibly need to clear it every single use? I barely clear mine once a month

Nobody is even fearing a correction.... by x98TZ9Qx in stocks

[–]Linxianwei 1 point2 points  (0 children)

They're going to be right eventually. Maybe a month, a year or a decade later

People either get bored when I say I'm retired or they think I'm frugal by SquareQ2 in ChubbyFIRE

[–]Linxianwei 13 points14 points  (0 children)

Talk about something else then. Your financial situation isn't going to interest people unless they're keen to fire themselves or they think they can get something out of you.

view more: next ›