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3 comment(s). Last comment by Old_and_Golden 2017-12-14 10:45
Posted by ks55 > 2017-12-13 22:26 | Report Abuse
20k?
What can you buy?
To be a day trader?
Better not.
Since you already have cucu, better spend more time playing with your cucu.
If you have worked 17 years overseas with good salary, you should have saved not less than 5m assuming USD 360k per annum.
Use 4m to buy Reits that generate 6% a year, amount to 240k for living expenses.
500k in FD/Saving account for big ticket item when necessary.
500k in HLIB for ecTrade with 0.1% commission, to pass time and get some thrill.
Surely NOT 20k as you have intended.
Posted by Old_and_Golden > 2017-12-14 10:45 | Report Abuse
3iii....Thank you.
ks55....Thank you for your advise, much appreciate that., especially on REITS. In fact I have purchased a couple of small flats in the UK and they are generating modest passive income for me.
Starting with RM20k first, to 'warm-up'.
No I don't have RM5mil saving, nice thought though.
I am a low risk, long term investor.
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This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
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Posted by 3iii > 2017-12-13 22:09 | Report Abuse
Good health and good luck.