Josh Tan - TheAstuteParent
Josh Tan - TheAstuteParent
Helping someone get to the right path financially...is about the most rewarding thing to do...
you'd know you had changed a life or a family's life.
Once you've realised your ability to impact, it will motivate you to do more...
It is also proof to yourself that you truly understood money.
- Josh Tan
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Why not corporate bonds ?
If wholesale, per piece may present concentration risk. Bond funds have duration risk
As a father, my yearly expenses is $80,000 a month. So, I need to earn $100,000 a year
U need to earn $10000 to buy a car
45 going 46 this year. Have 4 kids youngest being 1.5 yrs old. What age do you think I can retire .. hmmm. If one wants to retire early, then don’t have kids, better still don’t get married. No financial responsibilities. Any way I made the choice and no regrets. I’ll probably retire at a later age but I think I’ll be fine :)
No regrets agree. You have many wins in your life, congrats!
I prefer VUG (55% Mag7) or MGK (60% Mag7) ETFs as compared to MAGS due to a relatively lower expense ratio and some diversification other than the Mag 7.
Valid point 👍
Good choice Is this etf listed on ifast Endowus hsbc or ocbc listing Any idea
Any exchange w us ETF listing can get you 👌🏻
Any track record of your designed solution
Fund factsheets in my landing page will have them. Strategy and expectations will be discussed in during the meeting =)
my colleague retires at 58yo with comfortable retirement savings. Her plan is to travel once every quarter to enjoy life. Less than 2 years later, she told me every trip tires her and she needs more time to rest and recharge her energy. Age is catching up and no matter how much money one has, energy will still decline.
Wow, point of view noted
quick qn, Josh, if Fed interests rates changes, how significant will it affect the short term duration bond funds?
Little change actually. It still follows general trend, if rates go down, bond price goes up and vice versa
🎉
Great sharing. Thanks.
Your boy so cute😀
😁😁
Consider Syfe. Their rates are much better
You forgot to mention SCB esaver account 3.5% with no lock in for deposit balance up to $2m
It has requirements like incremental balance
Hi Josh, for Choc Finance even though 4.2% interest is guranteed, but capital is not guranteed right and subject to market fluctuations?? I saw disclaimer saying this.
Hi, the underlying fund can fluctuate but they will top up to 4.2% return (capital + interest). If funds do more than the 4.2% they keep the extra returns.
YT algo just ushered me this clip. Very interesting indeed. Unfortunately this clip was quite some time back, with outdated data. Would be good to update it for current situation.
Subs and stay tuned =)
Chocolate finance - hey Josh, do you know when they tabulate the daily AUM? For example Mari Bank is 12am everyday.
No idea yet. Not a user currently. But doesn’t really matter coz they pay u the 4.2% guaranteed. More or less they take the risk
Josh I think a video admitting your bad call regarding sg banks is due.
In the game of making decisions, there will be many right and wrong ones
BoC also has USD fixed at 4.85%… Citi same USD 4.2%
That’s USD. With forex volatility 👌🏻
Barely keeping up with inflation Let's go crazy and dump into equity 😂😂😂
Signs of market exuberance 🤣
Last T-bills :3.7% ! Later this mth, i will use cpf OA 2 buy some again. I will buy a bit more of SSB b4 26th july . Every 6 mth, collect some safe pocket $ . Watch out Powell 's remarks on FOMC meeting on end July . Some guru predict 25 basis cut in mid Sep !😊 😊
T bill can be bought using oa?
@@ZEN_X999 of course ! I used SA to buy some T-bills in last Dec for " cpf shielding" . Now can only earn 6 mths SA rate as next Jan my SA will be close. 😅
Can but need to reach min sum for both oa and SA
@@adamtay-zp2bx great info, thanks 👍 , is application using OA can be done on my usual online banking way ?
Hi Josh. What is your take on Astrea 8 bond 4%- 4.5% higher than bank
Not bad. Previous astrea bond investors had a good experience
Cimb 🤔
cimb is still very dated!
Oops lol
How do you compare all these with ibkr, moomoo providing 4.8 % plus these days?
IBKR is on USD which has foreign volatility. Moomoos is a promo period offer
upto 6.1% pa Guaranteed by Maxi-Cash
Singlife endowment 2 yrs @3.4%pa Starting tmr
Huat ah!
If T bill can give more than 3.4% for yearly interest, why lock in for 2 yrs and u can't use it for 2 yrs? Pls advise. Cheers.
Highest 4.2% probably chocolate finance but only last till december😢
yes indeed
Capital guaranteed?
+1
Natural growth rate has actually become negative for some race which means more local people are dying than born!
Earn more on your cash with our solutions tailored to your risk tolerance. Enjoy a customised portfolio for higher yields with NO minimum lock-in periods and NO hidden charges. ► www.theastuteparent.com/cash-solutions/
My aim is 53 or 55. Healthy lifespan is a very important factor to consider. The extension of retirement age and re employment age is not desirable for me.
All the best in your journey
fella have scam telegram groups
Becareful of imposters who use my image and reputation especially on telegram and instagram 🙏 Red flags include peddling of fast cash profits or hot crypto opportunities
Why retire? So lame. I am keeping working forever
Different people have their specific needs. Sometimes its not only personal health. It could be caring for parents and such. How i wish it was so straight forward..... retiring earlier and still in good health doesnt necessarily more time to enjoy 😢
Take care take care
The final retirement could be determined by your old and sick single parent who have dementia if you’re the caregiver. Many single parent doesn’t like to stay in nursing or old folks home and somehow many lost contact with their children due to various reasons. Singapore is fast catching up with Japan on lonely death.
Not all will take the caregiver role?
Some error on the numbers. Retirement at 58.. but cpf payout starts at 65.. what will the numbers be if need to finance the period from 58-65 before cpf payout begins?
Yes. Would need $2,000 x 12mth x 7y more
Max 45
All the best in your journey
Who are we to judge other ppl
SIngaporeans only seem to think about retirement , not living a good life !!
Ha ha! Exhuberence in the roaring 2020s. Boomers have everything lah! .... Black swan warning. What if something bad happens and an elderly lost his wealth. Uncle josh, please any thoughts on that? Plus the inflation will continue, do we have enough, if we don't? Japan oredy got single elderly who are not well off. Retire at 58 and absolutely do nothing for financial planning. It is disaster!
Hell... i would love to retire yesterday haha
Hi Josh, the salmon you mentioned is wild or farm? If it is wild, where to buy and how you ensure the supplier did not cheat you.
Just NTUC fresh salmon
Healthy food are Extra Virgin Olive Oil , Avocado Oil and Coconut Oil.. Dont take all other oils. Take avocado, olive oil, olive, vegetables, cheese, butter, salmon wildly caught, sardines, small fish with least mercury, no junk food, avoid sugar and sweet things, fried food, processed meat, modern grains (rice, wheat, bread, ). Take real food , as real as possible.
👍👍👍
I planned to retire at this age since I started working almost 20+ years ago. Your baseline liquid investable amount required for retirement is close to the 1.5M I estimated 20+ years ago. 😂😂
👍
want live live a bit longer, change your '''engine oil '' regularly.
By doing blood donation! 😄
At 43, I target to retire at 50, Lehman crashed at 49. I stayed on for 5 yr to repair damage and another 5 to ensure that no "Lehman" will ever affect my portfolio
All the best in your journey
@@joshconsultancy retire evenly at 60.. think shd have done it 55-60. However, it hard to set a date, everyone's preparedness is not the same
Josh, good sharing. I am now 58. Still fit but can feel the different starting from age 55. Stamina getting quite challenging. I am now still in full time job but on semi retirement mode. I have reached the pinnacle of my career and no need to strive any more. Still enjoying current work environment. Started transiting to full retirement by picking up new hobbies and activities. Target retirement age at 65.
Take care take care. Thank you for sharing you perspective too
I am 41yo now. Looking to retire at the age of 50, when my daughter turns 18. Life is too short to keep chasing for money.
Agree!