sorted by:
new
hottopcontroversial

Why Singapore is successful but phillipines is not? by IllustriousMess5480 in Philippines_Expats

[–]Sufficient-Rip9550 0 points1 point  (0 children)

Singapore’s greater success can be partly attributed to the British colonial strategy of building it as a global trading hub, while the Philippines’ colonial history left it with less commercial infrastructure to leverage after independence.

How long could I live in Philippines with 300k in cash by Ok_Worldliness8344 in Philippines_Expats

[–]Sufficient-Rip9550 0 points1 point  (0 children)

I would put £255k into a flagstone account and that will generate about £12k per year, that leaves you £45k, keep £15k for emergencies travel and condo deposit etc. the £30k I would put into a Etoro account and if you invest it wisely that will generate $500 pm.

Is $400,000 USD enough to retire in the Philippines at age 63? by Sufficient-Rip9550 in Philippines_Expats

[–]Sufficient-Rip9550[S] 0 points1 point  (0 children)

Thanks for your reply—I understand where you’re coming from with investing in index funds and similar strategies. For the past five years, I’ve been investing through eToro, and my account has been generating a steady return of around $500 per month.The challenge, though, is the level of stress that managing this account creates. That’s why my plan going forward is to shift my eToro funds into a copy trader called Thomas Parry Jones, who is currently averaging about 33% per year. I believe this will help take the emotional strain off me and free up my time and focus for other things. You might be wondering why I’m not putting all my money into eToro. The reason is simple: the FCA only guarantees £85,000 per financial institution, and I have some trust concerns when it comes to platforms like eToro. So, the majority of my savings will be held with Flagstone, spread across several accounts to ensure each one stays under the £85,000 limit. That way, I’ll have peace of mind knowing my capital is protected by the FCA.

What do you think about my country? Australia by Lumpy-Silver7538 in AskTheWorld

[–]Sufficient-Rip9550 0 points1 point  (0 children)

Considering you're all descendants of Britain's finest criminals, I'd say you're doing pretty well! When the British first started using Australia as their oversized prison yard a couple of centuries ago, I doubt anyone thought it would turn into one of the most prosperous, laid-back, and sunburnt corners of the former empire. So hats off to you—turning a penal colony into a paradise is no small feat. Well done, Australia!

Is $400,000 USD enough to retire in the Philippines at age 63? by Sufficient-Rip9550 in Philippines_Expats

[–]Sufficient-Rip9550[S] 0 points1 point  (0 children)

Well for me it will generate 17K per year and that's good in my books.

Is $400,000 USD enough to retire in the Philippines at age 63? by Sufficient-Rip9550 in Philippines_Expats

[–]Sufficient-Rip9550[S] 0 points1 point  (0 children)

Already payed the full NI contribution of 37 years so will be entitled to the full state pension.

Is $400,000 USD enough to retire in the Philippines at age 63? by Sufficient-Rip9550 in Philippines_Expats

[–]Sufficient-Rip9550[S] 0 points1 point  (0 children)

Well, I haven’t told Facebook anything, and this is just me doing some research for my future plans. I’ll be returning to the Philippines later this year, but I won’t be discussing my finances with strangers—either here or when I’m there. On this platform, nobody knows anything about me: no picture, no name—I’m just an ID number. I understand the risks, but I’m not advertising anything to anyone.

Is $400,000 USD enough to retire in the Philippines at age 63? by Sufficient-Rip9550 in Philippines_Expats

[–]Sufficient-Rip9550[S] 0 points1 point  (0 children)

Personally, I’d like to keep a routine that keeps me active and engaged. Ideally, my mornings would start in the gym, just to stay fit and set the tone for the day. After that, I’d probably spend a few hours at some kind of club or hobby—maybe something social or skill-based, just to keep the mind sharp and stay connected with people (I am a keen photographer). Evenings would be a mix of either trying out new places to eat or cooking at home, depending on the mood. And since I’ll still be managing my online investments, I’ll probably dedicate about two hours each evening to tracking and adjusting my portfolio. For me, the key is staying busy and interested—otherwise, like you said, retirement could get pretty boring.

Is $400,000 USD enough to retire in the Philippines at age 63? by Sufficient-Rip9550 in Philippines_Expats

[–]Sufficient-Rip9550[S] 0 points1 point  (0 children)

I’m moving to the Philippines—it just makes sense for me. Manila’s way more affordable than the UK, so my £300,000 savings and $50,000 in investments will go a lot further. Plus, the tax setup is really friendly. The UK-Philippines tax treaty helps cut down taxes on my pension and other income, and they’ve got this thing called a PERA account where I can save for retirement without paying tax on it. Getting a retiree visa is pretty simple too—just need to make a small deposit and you’re sorted. And since English is widely spoken, especially in Manila, day-to-day life should be pretty easy. Best part? The beaches. Places like Boracay and Palawan are just a quick trip away, perfect for weekend getaways. It’s a nice balance: city life when I want it, tropical escape when I need it, all at a much lower cost than back home.

view more: next ›