ks55

ks55 | Joined since 2014-06-09

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General

1 day ago | Report Abuse

You will be better off if you already have a mortgage free housing, that could really reduce your spending by 15 to 18% of total expenditure. Better still, by the time you retire, you have 1 or 2 more properties.

If you are having 3 properties by the time you retire, sell one and put the proceed into Reits (low risk medium gain), keep one for rental income, last one for own stay.

General

1 day ago | Report Abuse

Why just ask for 7% ROI?
1. It is achievable.
2. For every 10k you earned prior to retirement, you will have to deduct income tax, EPF and set aside some saving (for investment, housing loan etc). Very likely you only spend up to 50% of what you earn for routine expenses.
3. From the 7% passive income, you only spend 5% which is the actual amount you spent prior to retirement.You add the balance 2% to your capital to counter inflation.
4. You may want to replace your car every 8 years. By not spending all the 7% passive income, that 2% may come handy when you are in need.

General

1 day ago | Report Abuse

Rule of Thumb is to have saving equivalent to 120 months of your last month salary (Income). If your last drawn pay is 10k a month, you need to have 1.2 million net of liability.If your last drawn pay is 20k, then you need to have 2.4 million savings when you retire.

Hopefully you can generate 7% return consistently. You spend 5% of ROI, leave additional 2% and add to the balance of your nesteggs.

General

1 day ago | Report Abuse

Careful planning is required a accumulate your wealth as early as possible. Fail to plan and you will be living under poverty for the rest of your life after retirement.

General

1 day ago | Report Abuse

Purchasing power of future money will not be the same after taking into inflation (very high at present) and the risk of exchange rate fluctuation.

General

1 day ago | Report Abuse

For those who earn 8k a month prior to retirement, if you expect him to live on 8-10k a month, surely he will live a better life after retirement.

For those who earn 50k a month and spending 30k every month, asking him to live on 8-10k budget will drastically lower his quality of life.

So whether having 2 million or 1 million is good enough for to live another 30 years after retirement doesn't make any sense. All boil down to your spending habit and your earning power/saving discipline/ability to generate passive income after retirement.

Also need to factor in inflation/periodic replacement of one off big ticket item like car/long term care/ medical expenses for the old age.

General
General

3 days ago | Report Abuse

That could be enough to buy a yacht, but no money to maintain it.

General

3 days ago | Report Abuse

How can you achieve financial independence by the time you retire (or even earlier)?

What is your definition of achieving financial independence?

General

3 days ago | Report Abuse

What about for you to retire today?

What about for you to retire in 10 years time? 20 years or 30 years?

General

3 days ago | Report Abuse

What is 2 million when you finally retire in 35 years from today?
What about 1 million?
Can that amount see you through for another 30 years (60+30) assuming by then average lifespan will then be 90.

General

3 days ago | Report Abuse

How to save 2 million?
How to save 1 million?

General

3 days ago | Report Abuse

Many experts say 2 million is enough. Many experts say minimum is 1 million. What do you think?

News & Blogs

5 days ago | Report Abuse

When a former PM lost his deposit, everything would not be right. Why candidates from his party all lost deposit? He is the only person fit to give excuses. His party candidates won't spend on election campaign, others did. Candidates from his party came clean, others not.

Stock

2 weeks ago | Report Abuse

Worst still the Directors favoured self-enrichment scheme.

News & Blogs

1 month ago | Report Abuse

Posted by Sslee > Dec 21, 2022 10:22 AM | Report Abuse

The true is chinaman cannot be trust. Most likely the money is syphon out by paying a fraudulent high price for crude oil in Q3.




Already proven time after time. Red chips are forever Red Chips. How can they become Blue Chips? You have to wait till you see cow jumps over the moon.........

News & Blogs

1 month ago | Report Abuse

You believe in Reuters news? Fake news generator forever!

Stock

1 month ago | Report Abuse

Told you selling into strength was on 14 Nov 2022, it was at 99.5 sen. Not asking it to break any price, so black hearth white heart has nothing to do here.

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

Stock

1 month ago | Report Abuse

I heve never been Tan SRi Glove enemy, and never been acted like one. Firstly, I just giving my opinion all glove counters not a good buy right now.
Secondly, I just giving my opinion SBB was not really effective as a tool to help its share price.
Thirdly, Tan Sri Glove already wasted a golden opportunity to maximize potential of using windfall profit to grow Top Glove business like YTL.

Stock

1 month ago | Report Abuse

I never say he is bad boss. He just made a very grave mistake to drain away so much cash instead of using the crisis to reap maximum profit for the shareholders. If he paid attention to how YTL growing to what it is now, Top Glove shareholders will benefit even more.

Stock

1 month ago | Report Abuse

But the opportunity cost was so enormous!

Stock

1 month ago | Report Abuse

You should learn from other people's mistake. To learn from your own mistake could be very costly.

Stock

1 month ago | Report Abuse

Stock: [TOPGLOV]: TOP GLOVE CORP BHD

Dec 2, 2020 7:57 PM | Report Abuse

What is the difference when come to SBB Parkson vs Top Glove?
Parkson started SBB from 6.70 (01.04.2008) all the way to 0.615 (31.01.2017) for whopping rm 2.1 billion.
Top Glove started SBB from 8.00 (04.09.2020) to 6.70 (02.12.2020) with lowest price paid 6.12 (10.09.2020).
Both companies were buying back everyday non-stop, and prices still drifting downwards non-stop.
Why SBB?
Why even with non-stop SBB (created artificial demand) but sellers keep coming?
Who are the sellers?
Why supplies exceed demands?
Simple logic of supply/demand equilibrium and you need not be an economist to understand that!



Note: Parkson has since sold all treasury shares at huge loses even at low of 19 sen. https://klse.i3investor.com/servlets/stk/annshrtxn/5657.jsp

Stock

1 month ago | Report Abuse

It was then past continuous event at the height of the pandemic. At that time Top Glove still flushed with cash. It was the failure not able to make use of the financial muscle to make sound investment like acquiring land and property. YTL was good during earlier financial crisis to acquire so much property in Bukit Bintang from distress owners.

Stock

1 month ago | Report Abuse

Agree Tan Sri Glove gave so much dividend to all shareholders very good, including himself. BUT BUT it was the lousy move spending so much money SBB, just like the Meow Meow King in Parkson. Any difference between the both? Share price still going holland.

Stock

1 month ago | Report Abuse

Top Glove earlier profit was real. That is the reason it can declare so much dividend, not like HYR. More so when Tan Sri Glove initiated SBB which was a very very grave mistake to drain company's financially.

Stock

1 month ago | Report Abuse

You should buy into Top Glove only after all these fly-by-night close shop. Not to say Top Glove not good, merely the environment not conducive for the time being.

News & Blogs

1 month ago | Report Abuse

Not Asians are helping Ukraine. It is only one Singaporean and no others.

Stock

1 month ago | Report Abuse

Face mask manufacturers in China mostly already close shop. US sole manufacturer three quarter dead. Next round surely many Malaysian glove manufactures will close shop. Not sure how many in fact already close shop, but at least we know Harta scales down the suppose expansion near Kayu Hitam.

Stock

1 month ago | Report Abuse

Tan Sri Glove already warn you. Wait for next QR to verify his advice.

Stock

1 month ago | Report Abuse

Blog: Collapse of govts, industries, companies does not happen overnight By Tan Sri Dr Lim Wee Chai

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

Stock

1 month ago | Report Abuse

What blue chip? Already yellow chip lah. It is still a lemon until all fly-by-night close shop.

News & Blogs

1 month ago | Report Abuse

FED expected to raise interest rate up to 5.75% before easing.

Stock

1 month ago | Report Abuse

To believe HYR made rm 10 per share, is to believe 'Cow can jump over the moon'.

Top Glove profit was real, so did the dividend pay out.

HYR profit was dubious, so it couldn't pay that sort of dividend.

Stock

1 month ago | Report Abuse

If company claimed to make rm 10 per share, can only afford to pay you 10 sen dividend. Do you still think the profit is real?

Stock

1 month ago | Report Abuse

If you cannot trust its audited account, and if you think the account is grossly unbelievable, what should you do?

Stock

1 month ago | Report Abuse

A lot depends on BOD. BOD not credible and no integrity, company go fly kite.

Stock

1 month ago | Report Abuse

Blog: Collapse of govts, industries, companies does not happen overnight By Tan Sri Dr Lim Wee Chai

Nov 14, 2022 9:26 PM | Report Abuse

So what should we do? Glove manufacturers for sure won't be making profit over next few years until fly-by-night all close shop, PLUS overhanging glove inventories (over stocked by hospital lah) has depleted. I am of the opinion best to leave glove stocks alone till they start to show profit again. Sell into strength and you won't regret.

Stock

1 month ago | Report Abuse

HSR is good for JB-KL-Penang minus Singapore. Singaporeans love to piggy back and take advantage on Malaysian tax payers. Ask them to go fly kite.

News & Blogs

1 month ago | Report Abuse

Taiwan digging its own grave, so as TSMC. Once 3nm, 4nm, 5nm all produce in US, TSMC chips cannot sell to the world biggest customer, i.e. China, but only can sell to US and its machai. TSMC ball will be squeezed if not taking order from the US. Again Taiwan survival will no more critical to the US and its machai, can let it fall and die, who care?

Stock

1 month ago | Report Abuse

It is not a buy call. It is an example of how fierce year end window dressing can be, just like tsunami wave after wave. Already having lorry load, just wait to unload towards the end of the year.
Anyway, buy low sell high is the way to make money.

Stock

1 month ago | Report Abuse

Posted by ks55 > Dec 4, 2022 2:31 PM | Report Abuse X

I made grave mistake by not buying enough SP Setia at 41.5 sen, knowing pretty well SP Setia will conduct yearly window dressing fiercely. Just for info, window dressing for SP Setia already started, and will going through till Christmas holiday, best still is up to 4.45pm/ 4.49pm 30 Dec.

Stock

1 month ago | Report Abuse

KYY is not a party to be blamed?

Stock

1 month ago | Report Abuse

@Sslee -- Can you please do a research to find out what had happened to all the Red Chips listed in Bursa Malaysia? All very happy ending or otherwise, just to please some newcomers in i3........

Stock

1 month ago | Report Abuse

Check history of dividend pay out vs audited profit. You don't feel fishy?
https://klse1.i3investor.com/servlets/stk/annent/4324.jsp

Stock

1 month ago | Report Abuse

If cash is real, claimed to make rm 10 per share, the very best can declare only 10 sen. Any difference from XinQuan?

Stock

1 month ago | Report Abuse

In the worst case scenario, after all the money disappear, the refinery will be on fire, just like another Red Chip.