facebookI'm a bit sick of working for others and enduring some egoistic bosses throughout my career in last 2 years. With $100k of savings, looking for ideas for income replacement alternatives? - Seedly

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          Anonymous

          07 Jun 2019

          Random

          I'm a bit sick of working for others and enduring some egoistic bosses throughout my career in last 2 years. With $100k of savings, looking for ideas for income replacement alternatives?

          Targeting a return of maybe around 3-6% monthly with moderate to high amount of risk. Let's ignore emergency fund, insurance and housing which have been taken care of. Thank you in advance. I would also like to take this opportunity to mention that this community is great. Let's keep it up!

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              Discussion (21)

              What are your thoughts?

              Kenichi Xi

              Kenichi Xi

              07 Jun 2019

              Level 9·nᴉʍ oʇ dǝnᴉʇsǝd 不能说的秘密 at Tag Team with Gabriel Tham

              Ignoring emergency fund, insurance and housing which have been taken care of:

              1. Equity Investment for Income or expense coverage.

              Eg. if your mobile phone is $50 per month aka $600 in 12mths.

              A $10k investment into a 6% dividend yield will cover your mobile phone bill.

              You can micro manage your $100k into 10, 10k and work towards "Extra Income" or "Covering Expenese".

              I would only advice you to go into business when you have the required skill and network.

              Take note when you micro manage your money, you lower ur risk of default too.


              Hope my reply helps.

              If you feel this reply have Quality, please upvote and check other Quality Reply.

              https://seedly.sg/profile/a-kenichi-xi

              Thank you.

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                  Hariz Arthur Maloy

                  Hariz Arthur Maloy

                  26 Sep 2018

                  Level 15·Independent Financial Advisor at Promiseland Independent

                  3-6% monthly is 36-72% p.a.

                  You can only get that kind of return writing options or trading forex or CFDs.

                  This is very high risk activities and requires knowledge, skill, and time.

                  Another option is to start your own business. Your return is pretty much unlimited.

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                      Jonathan Chia Guangrong

                      Jonathan Chia Guangrong

                      26 Sep 2018

                      Level 12·Cybersecurity Trainee at Bank in blue

                      Very possible using management of an options portfolio. I'm growing my account by between 1-10% on a...

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