Lowyat.NET: Latest topics by Maverick2011

Will you stop working if........

Maverick2011 — Tue, 13 Dec 2011 14:55:06 +0800

you have 150k of annual passive income and up to 100k of annual expenses and you have a fully paid house and car?

If your annual expenses is less, for e.g., 60k, you can assume you have 1.5 times more in annual passive income. That is, your passive income is 90k per annum. Will you quit your job? And why?

Is money in EPF considered an asset?

Maverick2011 — Fri, 30 Sep 2011 14:42:52 +0800

I know many people include it in their calculation of net worth.

Theoretically, it is an asset because it belongs to you. You can get a lump sum upon retirement. However, what good is an asset if you neither can access the principal amount nor the interest now? If you cannot sleep in your asset, take out and use your asset, or use the income that the asset generates, then, you are as good as having no assets. Furthermore, with talks of prolonging retirement age to 60, your money is moving further away from you.

Probably, it is your kid's assets!!!

Impact Of Increasing Retirement Age To 60

Maverick2011 — Fri, 30 Sep 2011 09:41:46 +0800

How does it affect employer and employee?

Does that mean delay in getting your lump sum from 55 to 60?

The ones most happy should be those in the 40s to the 50s because now they get to earn 5 more years of their maximum earning capacity? But, could that also be a heavy burden to the employers? They have to pay more for older employees compared to younger ones.

Limit up and limit down

Maverick2011 — Sun, 21 Aug 2011 18:20:22 +0800

May I know what are the price limits for a particular stock for the whole day? I vaguely remember that it is 30% per trading session, is that right?

Should I renovate before selling?

Maverick2011 — Sat, 30 Jul 2011 05:16:49 +0800

I am about to take VP of a new landed property. I always thought if want to sell, better to leave it bare and NEW. Isn't that what a buyer want? Everything in original condition so that they can renovate however they like it? If the house is worth like 800k onwards, is there any point in doing some renovation works on the kitchen or master bedroom? What if buyers dun like? On the other hand, buyers might like it as they will save a lot of renovation costs and finance it under one lump sum. Would like to hear your views.

Another question: what if do renovation, partial furnish for about 50k, then RENT it out for 2 years, then only sell to reap more capital gains. Is that advisable? Will it affect the "saleability" 2 years down the road because it is no longer NEW?

Thank you very much for opinions.