Originally posted by eagle:Why not possible leh?
This is just in theory. In practical, I'm doing other things as well, and I think could go faster than that by end of 10 years?
Applying maths on real life is fun :)
but that's alot of cash leh
imagine 90k worth of dividends a year.
ur networth is gao gao lo.
you also need to use your CPF money to work hard for you. you can use up to 40% of your CPF to buy shares, but once you sell, the amount will be channel back to your CPF acc.
Originally posted by ChoCoChips:but that's alot of cash leh
imagine 90k worth of dividends a year.
ur networth is gao gao lo.
at 7.5% divvy rate, it will only be about 1+ mil. Not a lot...
Originally posted by Rooney9:you also need to use your CPF money to work hard for you. you can use up to 40% of your CPF to buy shares, but once you sell, the amount will be channel back to your CPF acc.
My CPF haven't reach minimum sum of 20k yet la. I only reaching my 2 yr anniversary in the working world in 2 weeks time.
I have plans how to gain more than 2.6% with my CPF already. Try to earn enough within CPF to pay for HDB straight.
Originally posted by eagle:at 7.5% divvy rate, it will only be about 1+ mil. Not a lot...
but u ish buyin stable shares right
those that wont crash one hor.
eh good idea leh.
1 mil+ worth of stocks.
then roughly 90k/annum.
10 yrs laters got another 1 mil to invest.
i shall buy more toto from now on.
lol