Following other thread about investing!
I started investing in ETFs from 2016. I hold 5 etfs only.
VTS
NDQ
TECL
VAS
TCHI
Plan is to continue to withdraw 5% every year from my balance for the next 5 years and increase to 8% - 10% annual withdrawal after 5 years. I don't own any individual stocks or any investment properties. I spend 8 months of the year living outside of Aus and 4 months in QLD.
What is your favourite pizza topping?
I'm guessing shredded $50 notes
.
How old are you? How long ago did you stop working?
39 and stopped working fully 9 months ago.
Oh no, are you still under warranty?
How old are you and do you have to spend quite frugally with your 5%?
where exactly in SEA. Describe lifestyle.
94k AUD (4% SWR on 2.3M) in Thailand, Indonesia, Philippines, Vietnam and Malaysia goes a very very long way. Its around 2X Thai average, 4X Malaysia, 7X Indonesia and Phillippines aas well as 8X Vietnam average income,
OP probably lives with friends or family in the 4 months they're in AU.
I spend 8 months of the year living outside of Aus and 4 months in QLD
Do you want to buy a letteR for your username?
I'm guessing DCA regularly but what numbers are we talking?
So you're a foreign resident for tax purposes meaning your tax rate is higher, and no tax-free threshold?
He's still a resident for tax purposes.
Most people prefer to be foreign resident for tax purposes but it is a very high bar to pass.
What are TECL and TCHI? Not showing up for me
Direxion Daily Technology Bull 3X Shares ETF
iShares MSCI China Multisector Tech ETF
How much did you earn while working and what was your savings rate
I was earning 160k driving a truck
UnAustralian to not own property. Total disgrace
How did you amass the 2.37m is all from working and investing it into ETF since 2016?
Was this your game plan from when you started, or did you reach a point where you were like "oh wait I have enough to stop working now"?
Has part of this come from some sort of self managed super sort of thing, or is that sort of on top?
What made you go for ETF instead of property?
Did you anticipate being where you are today, at this point? Or was there a lucky break along the way somewhere?
I saved 70% of my income and invested it, i had an invesment property up until 2015 and sold put the entire proceeds from the sale into the market.
What do you do for a job?
How much do you get in dividends? Asking because I just want to compare against rental returns from owning a property instead.
You can find out dividend % in profiles and stock, its not a secret.
Do you tavel a lot?
R R R
he must be a pirate R
Member Since
1 hour 27 min ago
Seems legit…
Yeah no worries champ
What made you sign up to ozbargain just to post an AMA?
My guess you will say you have been a long time user but never signed up before, it's what they all say.
I been using this site for years and it i could motivate people why not
Knew it!
Yup another LTL-JSU (Long Time Lurker Just Signed up). ;-)
Congrats! In 8 years you killed it and living the dream
Did you do lump sump or DCA?
How much did you put into investing? ~2.4 mil / 8 years = 300k/year?
If you don’t mind sharing, what was your job?
would you swap ndq to u100 to save half on expense ratio?
Remind me 10 years how this is going
OP next post after creating an account few minutes ago.
PM me for more details.
actually is not far fetch…. Many good paying professionals who plan not to have kids or partner ( if have a partner would be easier to achieve if both working decent jobs and invest and don't buy a mc mansion as their home and don't have kids)
He is 39… so working 15-20 years…
Having Kids and having a nice family home is always the problem to achieve financial independence.
What are you doing with your life now, other than waiting for death?
What is the biggest challenge you've had to overcome?
If you're smart enough to have so much in ETF investments, the proceeds from which are all taxable, then you must surely be smart enough to have invested a similar amount into Super, the proceeds from which are not taxable after retirement.
How much have you got in Super?
Came to ask the same. Look forward to the reply.
Not smart to put into super if you want to retire early like OP did. Untouchable until you turn 60.
I have a similar plan for my future, albeit I am including having a property to live in.
How are you managing that? At some point you have to calculate the rental price into your future projections and that will keep increasing. Are you not worried about the risk of running out of money purely from that? At 39 it seems almost premature especially if you push to 8-10% in 5 years which means you'll generally lose all your money by 65/70 if not sooner.
Posts an AMA, answers one question. Good one.
I flex on the internet, AMA
Do you use your left or right hand?
Worst AMA ever.
Well "ask me anything" says nothing about answers. Should be AMAAIWDMBTAWMHO
Where are you when not in AU ?
How much did you put into them?
Do you earn enough from dividends to not work now, or some other arrangement?
Any kids?
Did/do you keep any of your money in cash / HISA?
It must be another slow day here in OzB.
When you were getting closer to ceasing employment, did you consider buying a small amount of high dividend-paying ETFs so there would be more actual cash coming in?
How did you manage to save 2.5 million? Have you been investing a certain amount each month?
He started invested in 2016, his shares went up hundreds of percent and also doesn't own a home. Add that with a decent paying job and is probably frugal with his money this is very achievable.
meanwhile my home loan is still 75% unpaid balance 😭
How long did it take you to think of this troll thread?
That's pretty cool. Good to hear alternative ways of making passive income. Inspiring stuff.
that seems a pretty low value to be retiring on. Are you managing to grow that by being very frugal or planning to switch to an age pension once you get to eligiblity age or just planning to die young?
Can you please talk more about you journey to this position?
Income? Investment habits? etc
Start? when? Sustained investment processes?
@OP I would also like to know and any tips how/where you started?
do you rent in sydney?
What's your weighting for each and how much dividends do you net?
Also as you are 4m in Aus this would mean you pay non resident tax right?
any plan starting a family or stay single till the end?
any future investment plan?
can we get into etfs via commsec? not really with my shares.
I like the idea of having done an AMA in the past… it's the idea of having to sit there for an extended period and respond to questions I don't like. This guy nailed it.
Thanks for not going into investment property and destroying housing for the rest of AU.
First Well done mate! Congrate!
1.What is your current allocation to each ETF, and what considerations led you to these specific allocations?
2.How satisfied are you with each of your ETF choices, especially considering recent performances ( TCHI, for example, which may have been challenging in the past couple of years)?
3.Which ETFs would you recommend now or which one you would still choose to own?
4.When you started investing in shares in 2016, how much did you initially invest, including any lump sum from the sale of your investment property?
Screenshot or bs
How are the ladybois
How many sleepless nights did you have worrying about the markets collapsing? Aren't you bored without a job?
He's a truck driver. He would be bored with a job.
Math doesn't add up, unless OP received gifts/inheritance from family.
I'm thinking that house money he put in the market was gifted. Either way if he kept that house, he probably would've been financially in the same situation as he is now as he doesn't have to capital gains tax.
How will you save for retirement with only 2.4m?
That 2.4m when he's in his 60's will be like having 200k in the bank. Inflation will eat him alive.
👍