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!

Discussion (21)

What are your thoughts?

Jeff Yeo

Jeff Yeo

07 Jun 2019

amateur Social contributor at School of social sharing

investment into the US stock market

spot rates and short sell US stocks.

It’s possible to earn a few hundred in a night of trading.

high risk high gains

View 3 replies

Brandan Chen

Brandan Chen

07 Jun 2019

Financial Planner at Manulife Singapore

3% to 6% monthly is insanely high amount of risk. Other than Business, Forex and CFDs, it's quite impossible to do it consistently. 2017 was an amazing year which allowed some of my clients to achieve more than 35% returns but I doubt I could do the same this year.

For something more consistent with moderate risk, there are dividend paying structures that pays out about 5 - 7% annually with a relatively strong track record of pay out.

View 3 replies

Kenichi Xi

Kenichi Xi

07 Jun 2019

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.

View 2 replies

Gabriel Tham

Gabriel Tham

27 Sep 2018

Tag Team Member at Kenichi Tag Team

3-6% a year is more realistic.

3-6% a month is possible but you got to be one of the top professional full time traders. Full time Professional traders can make this amount.

I did get it as a one off fluke. I do options. Got $25 for locking up $750, over one month. ROI?

4...

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