Retirement at 60: No longer possible?

last SG · 2010-05-10T00:29:51+00:00

any ideas on how to die die able to retirement @ 60?

Rooney9 SG

I'm 22 this year..not exactly young anymore. I think it's time to really start earning money from all sources, not just from work alone. I worked from monday to sunday, 2-3 jobs and realised it doesn't work this way. But I got no idea how to go about earning money through different ways.

care to say what you work as, full time and part time job?

Rooney9 SG

you need to learn how to park your money. parking your money in bank account where they pay you 0.2% isnt the way to go. you can try shares to grow your money. the dividends you earned is already more than the bank pay you for interest isnt it.

Moka SG

My previous job is Science field, main part time job is tuition. So everyday finish work @ 5pm will tuition until like 10pm. Sat and Sun also work. I can earn like 1000 from tuition.

I've set up a forex account : http://www.fxcm.co.uk/open-free-active-trader.jsp and have been practicing. but of course, failed miserably.

Right now my sister focus on IPO and I will just give the money to my sister to let her invest in whatever she likes.

I dunno anything about shares... .>.< like those junk bonds and AAA grade stocks. I don't have the "eye" and the knowledge to know what to buy. Any website that is good for a newbie like me to learn?

BanguIzai SG

must understand his risk profile before recommending anyone into shares

Rooney9 SG

must understand his risk profile before recommending anyone into shares

I dun believe in this. warren buffet is in his 70s and yet he is a high risk taker. textbooks said people in their retirement age should not expose themselves to so much risk. so what say you about this. same with diversification. warren does not recommend diversification actually. some professors even said diversify is actually bad, as it exposes you to even more risks. ironic right to what the textbooks had written.

Rooney9 SG

shares is to earn dividend and capital appreciation. buy those shares who will give out dividends and likely to appreciate. for a newbie, suggest you buy blue chips for a start and use your cpf instead of cash first. you can use 40% of your cpf to invest in shares though. also you need to read and listen to news almost everyday, to see the market direction and bad news of course.

BanguIzai SG

warren buffet can be a high risk taker but can everyone have the foresight and be as smart as warren buffet?

Rooney9 SG

warren buffet can be a high risk taker but can everyone have the foresight and be as smart as warren buffet?

he is not the only old man in that category of course. what i m saying is risk profiling, dun read too much into it.

BanguIzai SG

he is not the only old man in that category of course. what i m saying is risk profiling, dun read too much into it.

goofyzell SG

How do you know what shares give out dividends?

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