Ferrari Me (Ferrarilim)

 https://blog.seedly.sg/retirement-scheme-comparison-cpf-epf-mpf-401k/ *Good keep info.* Compare: SG CPF, MY EPF, USA 401K,  HK MPF One Gen-Y who was savvy in foreign equity replied: UK's market rate seems to be X = 5%, Y =10%, average annual return was 7% for the last 5 years. It sets me putting numbers to compare. ~~~ Thinking of comparing putting *$1,000* in a newborn baby in: * CPF-SA @5%  till his age 65. $1,000 ×(1.05^65) = *$23,800* * S&P500: now hit: 5,999 $1,000×(1.143^65) = $5,929,000 !! average return: 14.3% p.m. ~~~~ My takeaway: 1. Even a $1,000 in moomoo account for a newborn, might be a game-changer for him.

Knowing our North Neighbour: Retiring in MY. https://theedgemalaysia.com/node/737967 ~~~ Merry MY boleh😘🎄🌲. * aim for " basic " RM390,000 savings by 60. (Drawdown:  RM1,625 p.m.) * “ adequate ” savings of RM650,000 by 60yo. (Drawdown: RM2,708 p.m.) * “ enhanced ” savings of RM1.3 million by 60yo. (Drawdown: RM5,416 p.m.) ~~~ EPF retirement 20-year drawdown payout: * adequate savings of RM650,000 (which works out to RM2,708 per month for 20 years) ~~ A senior citizen living in: * Klang Valley, KL: need RM2,690 p.m. *  Georgetown, Penang: RM2,620 p.m. * Johor at RM2,500 per month * Alor Setar, Kedah: RM2,160 p.m. Sharing: 1. I ever asked a MY working in SG, about retiring with S$3,000 p.m. in SG. Her answer was: Difficult in SG. 2.  Then I asked again about having RM10,000 p.m retiring in MY.  Without hesitation, her reply was: "Definitely can!!" ~~~ 3. For a SG retiree with CPFLife payout: S$3,000 p.m, or S$3,000×3.2 = RM9,600 p.m. After paying rental, one can ret...

 Chinese idioms. Today I learn a new Chinese Idiom that says about being humility. 山中无老虎，猴子也争王 Translates to: If there were no tigers in the mountains, even the monkeys want to fight for the throne. ~~~ When one knows that there are many out-there who are far better than you have or you are, you would be humbled. The richer one is, the more humble he will be. ~~~ It is always good to have a rest day to reflect about life and see blessedness.

Someone bought a SingLife Endowment at age 48. * Pay $35.5k per year for 8 years, total premiums paid: $286,000. * At age 65, payout: $38.5k p.a. x 10 years. Premium: $286k ---> Payout: $385k * Age 48 to 55yo: 8 years premium term * Wait for 9 years, * Age 65 to 74, Payout over 10 yrs Total: 27 years policy ~~~~ Comparing with my Social Entreprise NTUC REVORETIRE: Premium paid: $12k x 5 years = $60k Payouts: $9.5k p.a. x 10 years = $95k Premium: $60k --->> Payout: $95k * Age 55 to 59yo: 5 years premium term * Wait for 7 years, * Age 66 to 75, Payout over 10 yrs Total: 22-years Thinking aloud, 1. His Singlife might have a 10th/11th year maturity payout sum.  Otherwise, his Singlife endowment return is not so good compared with Social Entreprise INCOME.  2. If his premium were to invest in REVORETIRE, his payout might have been more than $50k p.a. for 10-years ? (I roughly extrapolate based on my policy) My takeaway 1.  All roads lead to Rome.  Any approach t...

  How to generate another RA tap? Savings have to be deliberate intention and discipline; putting aside the money or reinvest the cashback and let it compound. My learning from my colleague single policy: *Single $100k @6% (quite decent dividend/interest) put aside for 20year. a. $100k×(1.06^(20) = $320k maturity sum b. Then withdraw it over next 20-years; $100k×(1.06^(20)÷(20×12) = $1.33k p.m.  It gives $1.33k p.m. every month for 20-years. c. My colleague chose to save $280k total !! age 48 to 55yo.  He started late and hence shorter runway to compound. *$280k ×(1.05^(10)÷(10×12) = $3.8k p.m.  But it is still good to enjoy $3.8k p.m. from 65 yo to 75yo. My Takeaway 1. Be it any saving instrument, stocks or endowment or CPF-SA, build up and reinvest or compound it, the principle sum has to be of bigger sum like $200k or $300k portfolio. (The bigger the better, just no quick return and get scammed.) Small portfolio, small outcome.

 Someone shares on using OA to buy lifetime annuity which pays 7% p.a, and principal guaranteed upon bequest. I adds this illustration: $100k ×(0.07−0.025)=$4.5k p.a. extra = $375 p.m. extra $200k ×(0.07−0.025)=$9k p.a. extra = $750 p.m. extra $300k ×(0.07−0.025)=$13.5k p.a. extra = $1,125 p.m. extra Actually it may not a bad idea.  But do our/your own research and decision. My takeaway: 1.  It maybe easily for Seniors to invest our OA in it, if they intend to keep the invested amount for bequest. 2.  Too long runway may result in regrets if one needs urgent cash and its portfolio drops its value to surrender.  Sure drop in value one as no free lunch.

 Just participated this Helios comprehensive Nation-wide Health Survey (SG 100K).  Solid 5- hour screening. End of study, results will be provided + $50 cash. Urine, BP, BMI Blood， DXA Bone Density (leg to neck) - new to me 3D-eye screening - new to me Cognitive Test. Carotid Ultrasound - new to me Hearing - new to me Treadmill Skin assessment. ~~ Carotid ultrasound , also known as a carotid duplex, is a painless, noninvasive procedure that uses sound waves to examine the carotid arteries and blood flow in the neck. ~~~ Leg BP The BP measurement tends to be more accurate, as compared with usual health screenings or general GP.  3 sets of results were taken. Interesting, first time having my leg BP measured. Leg BP measurement can be an alternative when brachial BP measurement is impractical, due to injury or disability. Findings suggest that systolic BP (SBP) is 17 mm Hg higher in the leg than the arm. ~~~ Feel free to register online. I have to wear a smart watch 24...

  Fun with Meta AI. How to build a passive income of $50,000 with $1M? Building a passive income stream of $50,000 with a $1 million investment requires strategic planning and diversification. Here's a potential plan: *Investment Allocation* 1. *Dividend-paying Stocks*: Invest $300,000 in established companies with a history of paying consistent dividends (4-6% yield). This can generate $12,000 - $18,000 in annual dividend income. 2. *Real Estate Investment Trusts (REITs)*: Allocate $250,000 to REITs, which can provide a 4-8% annual return. This can generate $10,000 - $20,000 in annual income. 3. * Peer-to-Peer Lending*: Invest $150,000 in a diversified P2P lending portfolio, earning 6-8% interest annually. This can generate $9,000 - $12,000 in annual income. 4. *Index Funds or ETFs*: Invest $100,000 in a diversified index fund or ETF, earning an average annual return of 4-6%. This can generate $4,000 - $6,000 in annual income. 5. *Real Estate Crowdfunding*: Invest $50,000 in r...