How much is enough for retirement in Singapore?
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tamarind:
Instead, we should be thinking of ways to generate passive income such as rental income
Very well said.
What other ways to generate passive income besides rental?
Everyone in SG is talking about having a second property for retirement. But it's easier to say than done. With everyone having the same mindset and is investment savvy, every dip in property market is a good chance to buy. This has resulted property prices rocketed since last year. Not everyone has the ability to own a second property in SG and not everyone is lucky enough to stay with their children and rent out their HDB to earn a passive income . Me too, not sure whether I can stay with my child's family next time and rent out my apt.
Well, I'm still thinking what my retirement plan is. -
KSP:
Another way is to buy REITs. It's more flexible and hassle free than owning and renting out a property. Some of the REITs listed here still have decent discount to NAV (i.e. you're paying less than the market value for the properties) and good dividend yield (some close to 10%). The downside is since it's more liquid than properties, we tend to panic and dump the stocks at the lowest when there's a stock market crash :stupid:
What other ways to generate passive income besides rental?
Of course we also need to do some homework about the management and the prospect of the properties a REIT holds and its debt levels (there's always refinancing risk for REITs). So no free lunch lah
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There are many ways to generate passive income.
Just google \"how to generate passive income\". You will get lots of ideas. The difficult part is finding something that you can do
Staying with kids and renting out old HDB flat is the easiest. If you cannot think of anything else, this is the only way out.
If you know how to do it, you can setup an internet forum like this one and earn money through online advertisements. I heard that forums like this can earn a few thousand US dollars a month. -
tamarind:
Oh is it? This is really an eye opener. So I assume our Chief here is earning quite a good passive income from this forum.There are many ways to generate passive income.
Just google \"how to generate passive income\". You will get lots of ideas. The difficult part is finding something that you can do
Staying with kids and renting out old HDB flat is the easiest. If you cannot think of anything else, this is the only way out.
If you know how to do it, you can setup an internet forum like this one and earn money through online advertisements. I heard that forums like this can earn a few thousand US dollars a month. -
Oh yeah, chief must be making loads of $$ judging from the amount of ads on this site
Wonder if we members here will get a piece of the action -
minnie2004:
Investment in good fundamentals dividend stocks is one way to generate passive income. Remember don't trade stocks, but invest in stocks. Here is my portfolio: http://myinvestmentportfolioinsingapore.blogspot.com/
Another way is to buy REITs. It's more flexible and hassle free than owning and renting out a property. Some of the REITs listed here still have decent discount to NAV (i.e. you're paying less than the market value for the properties) and good dividend yield (some close to 10%). The downside is since it's more liquid than properties, we tend to panic and dump the stocks at the lowest when there's a stock market crash :stupid:KSP:
What other ways to generate passive income besides rental?
Of course we also need to do some homework about the management and the prospect of the properties a REIT holds and its debt levels (there's always refinancing risk for REITs). So no free lunch lah -
minnie2004:
:rotflmao: :rotflmao: :rotflmao: The amount we earn after paying for everything from Auctions to hosting cannot even pay for a night's stay in the RWS hotelsOh yeah, chief must be making loads of $$ judging from the amount of ads on this site
Wonder if we members here will get a piece of the action
Don't believe the stuff you read about getting rich by setting up Internet forums.
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ChiefKiasu:
Then what is your motivation if not for the *ka ching* *ka ching*?
:rotflmao: :rotflmao: :rotflmao: The amount we earn after paying for everything from Auctions to hosting cannot even pay for a night's stay in the RWS hotels Don't believe the stuff you read about getting rich by setting up Internet forums. -
ks2me:
Then what is your motivation if not for the *ka ching* *ka ching*?
Oh... we are still waiting for that white knight to come by one day to sweep us off our feet and bring us home and have a happy life ever after. :dancing: -
ChiefKiasu:
Ah so we are on track....http://www.postimage.org/ 2ppaamm.....ks2me:
Then what is your motivation if not for the *ka ching* *ka ching*?
Oh... we are still waiting for that white knight to come by one day to sweep us off our feet and bring us home and have a happy life ever after. :dancing:
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