Hope you enjoyed the podcast! For those who wants to learn from Alvin and Equities Tracker, use "keepit100" to get RM500 off (30%) their one day course - TrackerOne: How to Invest like a Fund Manager. Check it out here: membership.equitiestracker.com/TrackerOne/
Been in and out of markets since my late 20s, had some win and losses but nothing really substantial to show for it. Only started getting serious about investing in my late 40s. Fast forward 8 years of focusing on investing, I've built up more than enough to me to retire. Never to late to start !
also one of the problem is we're thinking as of now, not then. it is expected that by retirement age you have settled your home loan, no more changing car, kids have grown & live on their own, eat very little, no need or much less need to buy new fancy expensive stuff, etc so expenses should come down very much by then but anyhow i agree RM240k is way too little. in fact i feel maybe RM2m is the minimum?
Actually Alvin has a Private Mandate Management where they can manage the funds for you using their strategies. Regulated by SC. Check it out here: et-invest.com/snowball/
My 2 cents, EPF dividend is the same % for all 3 accounts for now so if possible don't even consider taking $ out from EPF Acct 3. EPF is the safest investment platform (while not necessarily the highest in investment returns) but higher than FD or any bank. You won't have sleepless night for fear of losing the $. Because the return in EPF is steadily around 5+% annually (if not higher), you'll have sufficient for retirement. Also, when you have extra monthly, just put in EPF account 3 as you have the flexibility if you really need to use that money (try not to touch $ in EPF as much as possible). Your retirement would be solid if you are consistent in repeating this strategy.
Thomas: Bobby is not suggesting this to go in and sell to those people. In fact, being a person that used to network upwards - they hate being sold things. But if you politely build a relationship on common passion / hobby, ask politely to be mentored - you'd get some really good tips. And just by the virtue of hanging out with them - your mindset can already expand.
Singaporean just need S550k in their main cpf account. If withdraw dividend at 55 years old. Singapore government will pay them $S3k/month till their# passing or at 60, S$4k till last breath. Husband, S4k + wife S4k = S8k x M3.4 = M27.2k can be spend every month in Malaysia. Who is working till 70 years old. At 57 minutes.
As Alvin mentioned, it's about having a strategic portfolio allocation aiming for more than 8%. Check out Equities Trackers' workshop to get the exact strategy on how to do it. I've got a good deal on the pinned comments for my viewers.
