Re-location advice

[naemlo]

Originally Posted by TonyCheong2

What is so scary about China?
China is my second home leh.

Very scary... I know a cb kia who stays in China too long, behaves like PRC.... want face, tau kang yao siew and lies thru teeth. Fortunately or unfortunately I learnt a lesson from him, not to trust and help samsters too much. If need help, money first. Wasted my time and effort to help him. Helped him not once, twice but 4 times. No a "thank you" or anything but disappears from planet earth.

[TonyCheong2]

Originally Posted by naemlo

Very scary... I know a cb kia who stays in China too long, behaves like PRC.... want face, tau kang yao siew and lies thru teeth. Fortunately or unfortunately I learnt a lesson from him, not to trust and help samsters too much. If need help, money first. Wasted my time and effort to help him. Helped him not once, twice but 4 times. No a "thank you" or anything but disappears from planet earth.

Sounds like one of those cb kias I know also from this forum.

This guy stays in South China or which part of China?

[naemlo]

Originally Posted by TonyCheong2

Sounds like one of those cb kias I know also from this forum.

Again, u too fast. I just edited my posting Used to address me "bro" here n there. CB kia still active in this forum but ignoring me.

[TonyCheong2]

Originally Posted by naemlo

Again, u too fast. I just edited my posting Used to address me "bro" here n there. CB kia still active in this forum but ignoring me.

Kanasai next time before I reply to your post must purposely lag a bit.

Play online games cannot lag.
Lag a bit tio gun down liao!

[naemlo]

Originally Posted by TonyCheong2

Kanasai next time before I reply to your post must purposely lag a bit.

U delay a bit, too fast the ger will not be sexified.

[TonyCheong2]

Originally Posted by naemlo

U delay a bit, too fast the ger will not be sexified.

15 years younger that time like to delay until song song gao jurong.

Nowadays is better cum fast fast if not hot dog will deflate very quickly.

[Happyman007]

Originally Posted by Ray84

How about those who stayed permanently at bkk or cm? Can share what are the steps/planning required to stay comfortably?

Passive income- rentals from hdb? divids from stocks?

Originally Posted by greatdane88

Looking at doing Airbnb as a passive income over there as i have 2 condo there, one fully paid.

how much SGD are you guys looking at to have a life expectancy of 30 years ahead.

Rental income from HDB is SGD 2500, doing airbnb for 3 condo (bought sgd 100k each in CM) around SGD 2500 +/- so total around SGD 5k passive income. Think should be good enough for next 30 years......even if inflation kick in, our rental income will also increase accordingly.

Holding sg bank stock like UOB is good for long term passive income, considering the uob dividend yield around 3.5-4% yearly and capital gain as well.

My monthly family expenses only around SGD 3k, so just with passive income can still have saving at least 2k+....save save can go family trip once or twice a year

[naemlo]

Originally Posted by Happyman007

My monthly family expenses only around SGD 3k, so just with passive income can still have saving at least 2k+....save save can go family trip once or twice a year

U eng eng type.... send n pick kids from school... the rest of the day mingle with giksssss.

[TonyCheong2]

Originally Posted by naemlo

U eng eng type.... send n pick kids from school... the rest of the day mingle with giksssss.

Sibei good life.

[Happyman007]

Originally Posted by naemlo

U eng eng type.... send n pick kids from school... the rest of the day mingle with giksssss.

Originally Posted by TonyCheong2

Sibei good life.

Good life yes but sometime still miss chionging life and envy you guys can go cumbodia, wetnam, china and jkt to chiong

[TonyCheong2]

Originally Posted by Happyman007

Good life yes but sometime still miss chionging life and envy you guys can go cumbodia, wetnam, china and jkt to chiong

Don't gey gey who say you no chance to cheong?

The hotel that you stay in Jakarta has many f*ck shops around leh!

[smile_santa]

Bro TonyCheong, dont blow his cover ma! Actually I really think he good guy but now u like that say I dont know who to trust!

[Ray84]

Originally Posted by Happyman007

Rental income from HDB is SGD 2500, doing airbnb for 3 condo (bought sgd 100k each in CM) around SGD 2500 +/- so total around SGD 5k passive income. Think should be good enough for next 30 years......even if inflation kick in, our rental income will also increase accordingly.

Holding sg bank stock like UOB is good for long term passive income, considering the uob dividend yield around 3.5-4% yearly and capital gain as well.

My monthly family expenses only around SGD 3k, so just with passive income can still have saving at least 2k+....save save can go family trip once or twice a year

Thanks for sharing Happyman007.. Looks like you are living comfortably and sustainably for the rest of your life in CM . Personally, I think renting out HDB is a good idea. I have also thought of securing a huge dividend portfolio that payout >5% should be good enough to combat rising living cost. Reaching 65, CPF payout will form another stream on income.

As for condos in CM/BKK, can you share why you invested in 2 condos? My research told me that liquidity will be an issue since it's easy to buy and hard to cash-out when needed. Rental income is also not guaranteed since tenants are hard to secure. Hence not very keen on this route..

[TonyCheong2]

Originally Posted by Ray84

My research told me that liquidity will be an issue since it's easy to buy and hard to cash-out when needed. Rental income is also not guaranteed since tenants are hard to secure. Hence not very keen on this route..

Your research is spot on with possible liquidation problems in times of emergency use.

If fully paid up that means you'll have a big sum of money being "locked up" and unable to leverage.
If leverage and take mortgage loan the interest rate is very high in Thailand then the yield is not worth it.
Might as well put the funds into AAA rating bonds for fixed income and sleep well every night.

[Ninja_Assassin]

Originally Posted by naemlo

Very scary... I know a cb kia who stays in China too long, behaves like PRC.... want face, tau kang yao siew and lies thru teeth. Fortunately or unfortunately I learnt a lesson from him, not to trust and help samsters too much. If need help, money first. Wasted my time and effort to help him. Helped him not once, twice but 4 times. No a "thank you" or anything but disappears from planet earth.

I oso kenna with a Singkie guy who resides in Guangdong..... damn bastard.
He used to cheong Batam... AC and now frequents HCM...... returning to SGP only during the CNY holidays. That's why I am very careful and selective of which samsters to meet up or cheong with nowadays.