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FIRE Movement

Financial Independence, Retire Early

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Lifestyle

FIRE Movement

How do I get my fiancée onboard the FI route?
You need to sit down with her and have a heart to heart talk as what Yang Teng has mentioned. When I am advising couples, what is often forgotten; people tend to forget that having a financial plan is not something which they do for themselves. It is something they do for the people around them. To ensure that they are not a financial burden, no matter what. While that might be what you are doing for her, the message might not be construed as such. The message you are giving seems to tilt towards deprivation more than giving. Going to the FI route might not gel with her beliefs because you might be trying to change her lifestyle which she does not want. You need to adjust your own expectations as well to suit your partner's view on life. Both of you have to give and compromise. That is what a relationship is. "Men, it is always your fault. Because you chose her."
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FIRE Movement

Sorry, but couldn't the FIRE movement be seen as egotistical instead of a liberating goal?
SW
Shaun WQ Lim
Level 7. Grand Master
Answered on 31 Mar 2020
The assumption is once you attained FIRE, you will go up the Maslow's hierarchy of needs. That said, human nature is a factor. If you are an ass, you still be an ass after FIRE.
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Investments

Robo-Advisors

Regular Shares Savings Plans (RSS/RSP)

FIRE Movement

ETF

Unit Trust

ETF vs Unit Trust. Which is a better option for beginner investor?
Yh.lens
Yh.lens
Level 6. Master
Answered 5d ago
Your simple answer, lies in FEES. If you were to compare a similar ETF to a similar Unit Trust, they have a rather similar allocation/holding. Hence returns will most likely be rather similar. The difference lies in whether you want better than market returns or satisfied with market returns (after fees). If your horizon is long term (10 years at least), fees really do add up. Unit Trust's fees will be around 1.5%-4% on average and these are fees you pay on a RECURRING basis regardless of fund performance. ETFs fees (expense ratios) will range around 0.03%-0.5% on average and are fees that you pay to the ETF manager on a RECURRING basis regardless of ETF performance. That said, 80% of Unit Trusts out there will not beat the market the longer the time horizon. So if you are a long term investor, going with ETFs will almost always beat Unit Trust simply because of lesser recurring fees and charges. (Provided you choose the right ETFs and the right time horizon)
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FIRE Movement

Property

Investments

Anyone has experience investing in commercial properties? What was it like? What's the thing to look out for?
Hey Vin, noticed you're a Youtuber like myself! Love Graham and MeetKevin's videos hahaha. I wished I could give you an answer but tbh I don't personally know. I tried digging into a lot of real estate investing books in SG but the information is very thin. My fierce aunt is a real estate investor that has flipped commercial properties (She just sold her warehouse during this CB period, she was asking me to buy it lol!) and she can probably help you out if you're keen in buying cough cough stuff from her.
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Investments

Robo-Advisors

Stocks Discussion

Dividends

ETF

Bonds

FIRE Movement

Retirement

What should a 52-yo conservative investor do with $250K cash?
Hi Anon, absolutely agree you should focus on stable income and if I may add, capital preservation. You shouldn't be taking too much risk on this money. Here's how I would split a conservative portfolio meant for the above. Global Equity - 20% High Quality Fixed Income - 20% Annuities - 40% Gold - 10% Cash/Cash alternative - 10% This will make sure a good portion to be fully guaranteed while a small portion able to provide some long term return to adjust the full portfolio for inflation, while the rest to give some immediate and some deffered lifetime income.
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Investments

Robo-Advisors

FIRE Movement

Passive Income

Are all robo-advisors really passive? What are some of the definitions of passive investing? What is your definition? Seems like some are pseudo-passive, what are your thoughts?
In my opinion, if you're making active shifts in your portfolio allocation in response to any market activity or sentiment, you can't be called passive investing. Other than rebalancing to stick to the original asset allocation decided, every other portfolio decision is an active one. And that's ok. As long as you accept it. The only way to be as passive as possible is to buy and hold and do nothing till your goals are met. You can passively invest into active investment tools like Active ETFs or Mutual Funds like EndowUs or actively invest in passive tools like Stashaway or Syfe. As long as you're investing regularly, and staying invested, while monitoring costs, that's fine.
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Investments

FIRE Movement

Retirement

HDB BTO

Wedding

Stocks Discussion

Do people actually sell off their investments to fund their big ticket items like housing and wedding, considering their investments can grow if kept for retirement?
Hey there! I think it really depends! Stage of life, age etc plays a factor. If I was 29 and I'm looking at a house in 3 years time, it might not be realistic to expect my investment to boom sufficiently in that short span of time. In general, investments have to be held for a long term for compounding to work so it depends really on their time horizon. Investments, if done well and smart, can bear fruit over the long term. As certain as the reality of retirement is, so are things like housing and wedding. However depending on the time horizon and age of the person at question, not everyone have the luxury of time to grow their investment to fully meet big ticketed needs eg. housing etc! (of course, all subjective! Depends on income, capacity to invest etc) For people in ther mid or late 20s, I normally encourage them to start saving intensely and cut down on unnecessary expenses. A high yield savings account, an endowment that allows liquidity is a great way to start :) Probably other strategies out there, will love to hear some too! Financial planning is an integral part of life. You can reach me here to find out more.
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Cryptocurrency

FIRE Movement

Bitcoin

Ethereum

Investments

To all crypto investors, what’s your outlook on Ethereum and Bitcoin?
Jay Hou
Jay Hou
Level 4. Prodigy
Answered 2w ago
Heard that china is now testing out its digital yuan!
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Investments

FIRE Movement

Passive Income

I have 100k to invest, I’m thinking of placing it into something very safe with returns generating 4-5% annually. Where should I place my funds?
Hi anon, There is nothing in the market that can give 4%-5% safely. Even CPF can only give 4% on the SA and MA monies, and there are restrictions on flexibility. To get 4%-5%, you will have to take on risk. Bond funds, blue chips, etc can give such yields but you have to take on the full ups and downs of the market. As you are already invested in stocks, you already have such exposure. If you truly want no risk, you will have to look at short term endowments and FDs. You could get around 2% risk-free on a short term endowment, but with a lock in of around 3 years. It's probably the only option you can get right now in this market. Readylifeincome does give you a guranteed 0.95% of your sum assured for life. The plan is geared more toward building and increasing the death benefit and maturity benefits towards the end of the policy, which is why the guaranteed payout is not that good. I suppose you are past the free look period already, else you are allowed to free-look, take back your premiums and evaluate your options on similar plans with better yields.
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MCO Visa Card

Cryptocurrency

Interest Rates

FIRE Movement

Investments

SeedlyTV S2E09

What are your thoughts on MCO Earn?
Ivan Teo
Ivan Teo
Level 3. Wonderkid
Answered 3w ago
I personally use MCO Earn, and I think its not too a bad deal. The primary concern for anyone putting money into MCO Earn would be the value of the cryptocurrency over time. Because cryptocurrencies tend to have more volatile price swings, you might lose more money than the interest rates earn you. That being said, USDT (a stablecoin that follows the value of the USD), offers a relatively stable price with a decent interest rate. (6 - 10% pa) This could be a good alternative to holding cryptocurrencies with higher interest rates but more volatile price swings. As long as the USD does not fall 6% against the SGD in a year, you'd be at least breakeven. It really depends on what is your perspective of the cryptocurrency that you put in the MCO Earn. If you believe the cryptocurrency - despite its price swings - will rise in value over time , feel free to some money in to enjoy the interest rates. Otherwise, put your money somewhere else where you feel more comfortable.
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