Can a 34 year old retire with a $300K portfolio?

(AK is an IT dinosaur.)

I am too lazy to visit forums or chat groups. I am also too lazy to visit other blogs. 

So, when I do leave a comment in other blogs from time to time, it is an "OMG, give me a set of lucky 4D" moment.





Listening to a friend and setting up a Facebook page was a giant leap forward for me. 

Some might not know this but I abandoned that effort after a while donkey years ago, preferring to just stick with blogging. 

I didn't see any need for Facebook.





Then, how did I become so active in Facebook in recent years?

I was getting bored with just blogging.

Sounds familiar? 

Yes, boredom was a big reason why I started blogging too.

Anyway, there is enough interaction with people through my blog and Facebook page to keep me busy. 

Add the liberal number of emails and PMs on Facebook, I am kept quite busy online.





Human beings are social creatures and they need some social interaction. 

How much interaction we need will differ from person to person.

For some time now, I very much keep to myself and, fortunately, I like my own company. 

I don't know if it has anything to do with ageing or, maybe, it is a mental illness. 

Whatever it is, I do what makes me happy.

Although I do not visit forums, sometimes, I hear things from readers especially if these things involve me. 

A friend once joked that ASSI has its own vigilante corp. Perhaps so.





This was from a reader this morning:

AK:
AK:
If I am in the business of investor education,
I would show face but I am just a blogger.
I do this for fun.

Reader:
leong revealed his portfolio size Liao
He full time like u lah
Unbelievable
34yo
2-3 yr of your dividends can form his portfolio
I dono how he survive leh
considering he getting married, commitment sure a lot
300-500k portfolio size how to retire?
now got human capital don't leverage



AK:
I think his CPF account is probably wasted
One should have a holistic approach towards financial freedom, I feel.






Of course, all of us have different circumstances and there are many ways to build wealth. 

It is never my way or the high way.

(You might want to watch what I feel is an interesting video clip below.)

Related posts:
1. What makes us powerful?
2. Holistic approach to financial freedom.
"My philosophy in wealth building might be boring and it probably isn't suitable for everybody. Some are happy adopting it and it is only normal that some will brush it off."





(Start watching from the 6.30 minute.)

Borrow $100,000 to buy a car in Singapore?

Hi AK, 

When I get back to Sg next year, i'm planning on getting a car (depreciating asset boohoo!)

Now, on my previous car purchase, I felt i made a mistake of buying too early and had to take a full car loan. It ate up a lot of my monthly pay. So this time round, I wanted to do my sums right before diving in. 

I do have enough to pay upfront for a car (eg 100k). But could you talk to yourself if paying upfront for a car is a good idea? 

My alternative could be taking this 100k and throwing it into the Sg savings bonds/safer type of bonds, and earning the interest. As long as this "bond interest" is more than the "car loan interest", this would make it worthwhile? Am I missing a blind spot here? 

Can I just compare a 2% car loan interest vs a 3% interest earned from bonds and conclude that I will earn 1% interest? 

Could you talk to yourself on this issue? I will be eavesdropping!

thank you!!!

Hi,

You have to understand that when they say your car loan interest rate is X.X%, it is really more than that:

http://singaporeanstocksinvestor.blogspot.sg/2014/04/a-car-loan-is-different-from-home-loan.html

I don't like the idea of borrowing money to fund consumption and if we have to borrow money to buy a car, keep the loan quantum as small as possible:

http://singaporeanstocksinvestor.blogspot.sg/2016/05/what-new-mas-rules-for-car-loans-mean.html

Welcome back to the land of expensive cars!

Best wishes,
AK