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Tuesday, Jul 2, 2013

Business

Saving a priority for young investor

Tuesday, Jul 2, 2013
Saving a priority for young investor

Q: What's your retirement plan?

I was lucky because I'd entered the market at the right time during the global financial crisis.

By 40, I hope to have a monthly passive income of $10,000, growing at 3 per cent a year by reinvesting the profits or dividends from my investments. I'm assuming that my investments can yield an 8 per cent annual return.

Any excess from that will be reinvested or donated to charity.

I hope to retire by 45, and if I do find a soulmate, I might consider travelling the world for a few years on my passive income.

Q: Home is now...

A four-room flat in Bukit Batok that I share with my parents and younger sister.

Q: I drive...

The family's two Nissan lorries.

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