I found a couple with $720k SAVINGS and STOCKS TO SELL, do they have ENOUGH?

I found a couple with $720k SAVINGS and STOCKS TO SELL, do they have ENOUGH? | Retirement Planning

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Күн бұрын

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@joshconsultancy 8 ай бұрын

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@SurendrenApparoo 8 ай бұрын

Frankly Josh, I view this as a form of humble bragging, or a rich person's problem... They are seriously secure in my view, without even considering any form or dividend investing. Glad you told them to start spending on themselves.

@ocy138 8 ай бұрын

Same feeling here on bragging 😂

@ChrisTang787 8 ай бұрын

Same feeling here… they probably know what to do, just need a little assurance…

@joshconsultancy 8 ай бұрын

No no dun worry, its quite easy to see bragging. Will get to that Asking for opinion is sometimes an important trait of successful people. They know there are other answers out there and they know there are blind spots. Those that brag often have a tone which is not asking to learn/critique. I've seen many and its easy to smell

@DonYang73 8 ай бұрын

This isnt bragging please…. If you eat in macdonalds , is that considered bragging? Come on

@thomashong101 8 ай бұрын

Clear cut bragging. Not humble at all.

@Cedricchoy 8 ай бұрын

While the family is seemingly quite well-to-do financially, they might be at a plateau stage when they are unsure how to move forward. So I supposed Josh is bringing this case out as the scenario might strike a chord with some of us or the future of us. Even the richest man on Earth can benefit from a second opinion and I think Josh has done a fantastic job in getting us to see how asset allocation can be done differently at different stages of life with different amount of wealth accumulated. Let’s us cheer if someone out there are better prepared and we too can look forward to that if we start our plans early and listen to wise words of others like Josh. Cheers. And peace.

@joshconsultancy 8 ай бұрын

Thank you for the high praise Cedric

@jman-good 13 күн бұрын

Good job and inputs josh!

@boliaohill6595 8 ай бұрын

have a minimum viable retirement fund, and if that needs to be met by cashing out some or all stocks, that would be the plan. Any leftover you either cash out or leave it. This will be extra money. If it goes up, its a bonus, if it goes to zero, its painful but won't affect your retirement plan. Fully cashing out its very conservative, and safe, but it's a waste of opportunity, esp if you can already hit your target retirement plan without fully cashing out.

@ignatiusee3564 8 ай бұрын

Please lah. 50+ already keep for what. Too much risk. Sell and put in something less risky ie sg banks or reits

@joshconsultancy 8 ай бұрын

These are also stocks

@ignatiusee3564 8 ай бұрын

Yes but not US tech stock which is very volatile

@Longtermalwayswins 8 ай бұрын

@@ignatiusee3564sg stocks are volatile also.

@edgan1 8 ай бұрын

Well done and congrats to this family! Try not to be ensnared the worldly possessions. ... And I will say to my soul, “Soul, you have ample goods laid up for many years; relax, eat, drink, be merry.”’ ...

@davidng2699 8 ай бұрын

How about selling 200k of the 800k stock options now at all time highs. This 200k you can put in 3% fixed deposit ready cash till you figure out if you have a spending need. The other 600k stock options you can either keep it OR Sell/Convert that into 600k worth of Vanguard S&P500 ETF for far greater diversification.

@joshconsultancy 8 ай бұрын

Hi David, pov noted. I actually wont vote for the idea of selling earned stocks and converting it to VOO. The correlation is very strong and especially if my retirement cash flow is settled by other sources, there's little incentive to diversify. Steve Balmer for example still owns a lot of microsoft. Eduardo Saverin still owns a lot of Meta

@JoeFantastic 8 ай бұрын

Josh, on your point of not delaying payout till 70. Since they have sufficient cash on hand, isn't it better to use their cash first for daily needs. Putting into 2xFrs few years after 55 is not gaining much from the compounding effect. Better off place in SSB n slowly draw out for use. Getting interest also unlike pump into cpf life. Delay payout till 70, so interest compound till 70.(leave behind more). Rather than start payout n interest stop there. My 2 cts

@joshconsultancy 8 ай бұрын

Hi Joe, in RA it compounds at 4.05%. Ssb already recommended, there is a cap of $200k each Im now more in the school of deferring cpf life just takes compounding too far. Start taking it out from 65. Give it away or invest it if don’t need the money

@BobbyGPortfolioMgt 8 ай бұрын

Hi Josh, My view is that the couple should first educate themselves on a business valuation course and do both FA and TA analysis to decide the next best course of action for the hubby's stock options. Regret only comes when you did not do the right thing. If they had done their due diligence, regret is only on hind sight (human nature greed, etc) and not on making the wrong decision. What do you think?

@joshconsultancy 8 ай бұрын

Theres abit of difference between stocks earned from employment and stocks bought using savings. The former much easier to buy and hold and sometimes great companies just require blind holding?

@BobbyGPortfolioMgt 8 ай бұрын

Hi Josh, although the stocks are at no cost to the hubby (actually he exchanged time for money, hence, not so sure about that), experience tells me that even the best companies in the world (especially tech) are subjected to business cycles, over valuation, etc. Don't need to watch it daily but consistently keep track on its value relative to its peers (nowadays not many monopoly companies, even if there is, just a matter of time competition will surface) - some active portfolio monitoring is required to not regret later :) Keep up the good work

@kevinlim7974 8 ай бұрын

The other BIG spend could be medical-related. There was no mention about insurance coverage for hospitalization, critical illness etc, though I suppose they would have at least some coverage presently.

@joshconsultancy 8 ай бұрын

Ya no mention of it. Hopefully shield plan is done up properly to remove risk of big medical liabilities. Anyone reading, do note, current shield plans (medical insurance) have limits on cancer cover. Do consider enhancing it Your CI plan has also more value now as they are cases of cost on cancer that goes beyond limits

@JJ-iu6sr 8 ай бұрын

Very informative sharing..By the way, HDB masionette's scheme ended in 1995, how did the couple's lease left only 77 years?

@joshconsultancy 8 ай бұрын

Oh that part I also dun know

@leejpeter3456 8 ай бұрын

Amazing video👍

@christopherlaw9184 8 ай бұрын

For this case, you are secure when you have decided enough is enough. There’s no perfect planning, no perfect future. Just don’t have FOMO. Even with $5 million dollars or more, some people may think it is still not enough. We just need to live within our means 🙏🏼 Enjoyed your video, Josh ⭐️

@joshconsultancy 8 ай бұрын

No probs Christopher. Yes the concluding part is knowing what is enough is beautiful

@DonYang73 8 ай бұрын

Confirmed. I have much more than $5mil but i still worried its not enough

@JenR-e1i 8 ай бұрын

Josh, for 50yrs old is it recommended to have dividend stocks than growth stocks? Thanks!

@david888a 8 ай бұрын

With 15 years to go before retirement, I would do both…n then all dividend for passive income at 60+ onwards….

@joshconsultancy 8 ай бұрын

As long as the company is good and you understand the business. Overseas listed firms have different dividend and estate laws 👌🏻

@david888a 8 ай бұрын

@@joshconsultancy buy sg dividend stocks,like banks…never buy US stocks for dividends, I think 30% tax for Singaporean

@JenR-e1i 8 ай бұрын

Thanks!

@david888a 8 ай бұрын

Not knowing which tech stock they r holding,, it’s hard to provide advice. $600K, is it the whole value or unrealized gain?if it’s unrealized gain, selling a third or half is a good advice or the other option is to sell covered call to protect the $600K long. There’s 15 years to go before retiring, I would setup a stop loss on that tech stock just in case it takes a bad downward trend. Covered call would b my strategy…n for peace of mind, sell all, pay the US tax n dump it into Sg banks for dividends.

@jironghuang4895 8 ай бұрын

Should probably sell all company stocks and diversify away from company risk. Deploy into a balanced portfolio across asset classes.

@joshconsultancy 8 ай бұрын

pov noted

@Andrew-t9z9e 8 ай бұрын

Selling half will be a better option as you will not regret if market goes up or down. To retire comfortably, need about 1 mil cash on hand and to place them in safer investments.

@joshconsultancy 8 ай бұрын

No need cash on hand. I’d actually discourage cash on hand 👌🏻 but pov noted

@DonYang73 8 ай бұрын

Just $1mil cash on hand to retire? Wow, if so easy i would hv retired in 2008

@Mike-e1n 8 ай бұрын

Nice job Josh

@joshconsultancy 8 ай бұрын

Thank you =)

@Alinakolona 8 ай бұрын

If index funds, keep. If single company stock, sell. Or sell 50%

@joshconsultancy 8 ай бұрын

pov noted

@tttzesfo4988 8 ай бұрын

concentration risk

@cpchow6675 8 ай бұрын

They look very well financially. I wonder if they thought about philanthropy; maybe something to consider if there are meaningful causes to support.

@joshconsultancy 8 ай бұрын

A lot of the wealth is in property. Not that much for discussion on philanthropy i guess?

@cpchow6675 8 ай бұрын

@joshconsultancy small ones like donating supplies to homes :)

@kenghweepeh1070 8 ай бұрын

The most undesirable outcome will be they need the $$$$ n they need to sell but mkt is not favorable. Isn’t that worst?

@joshconsultancy 8 ай бұрын

There is more than enough cash assets currently already which is what i was describing. Hence I didnt go with the view of selling most of the stocks

@tayso6620 8 ай бұрын

How high will ETH reach after 10 years....any ideas. Please share your convictions😊

@joshconsultancy 8 ай бұрын

I have no idea. Naturally I’m of the view it’s substantially higher

@jimw8615 8 ай бұрын

It’s show a lot of insecurities in Singaporean. Many always feel it’s never enough. It’s sad. Relentless pursuit of money & excellence. Not many know how to live a life besides work. How can stop work means boring? That mean work define yr life.

@joshconsultancy 8 ай бұрын

There may be misinterpretation. Husband chose to retire already

@thureinoo 8 ай бұрын

Beware of Estate tax for US stocks.

@joshconsultancy 8 ай бұрын

Yes i mentioned too

@Longtermalwayswins 8 ай бұрын

@@joshconsultancyemployee might not be required to pay or lesser

@BomBomm12345 8 ай бұрын

humble bragging Josh.. you tell me husband and wife with their wealth of experience working in MNCs at probably a senior management level.. cant even know what to do with their retirement funds.. its like in sch this student scored 90 marks and they said he did badly..

@joshconsultancy 8 ай бұрын

Asking for opinion is sometimes an important trait of successful people. They know there are other answers out there and they know there are blind spots.

@money3ss 8 ай бұрын

For these hi earners, they definitely under perform. Many I know in the category already in landed pty & owned 2 or more IP (investment pty) and $m in cash. It is easily explained - self confessed that they are risk averse and didn't plan ahead for their retirement. Gut feeling - enough with assumption that there will lead a simple life.🤥 Quite messy in revealing their net worth to u. (Tough job being a financial planner)

@joshconsultancy 8 ай бұрын

They were asking to learn, not messy

@money3ss 8 ай бұрын

@@joshconsultancy Shd submit a balance sheet with notes to accounts. Didn’t even submit annual expenses, how to do their P/L?😵‍💫

@money3ss 8 ай бұрын

@@joshconsultancy True, if they are well planned, no need to come to u. 🙂

@kcchiew4247 8 ай бұрын

I will more concern about estate tax at US. 😅

@yongdesmond5412 8 ай бұрын

I will sell if I am in their position because of concentration risk, they do not need it at this stage of their life, its kind of like winning a lottery but lost it all in casino. The proceed can be brought back and invest in ETF, at this moment can easily fetch more than 5% PA which is additional recurrent income😋

@joshconsultancy 8 ай бұрын

Vote noted desmond. I actually wont vote for the idea of selling earned US stocks and converting it to US index. The correlation is very strong and especially if my retirement cash flow is settled by other sources, there's little incentive to diversify. Steve Balmer for example still owns a lot of microsoft. Eduardo Saverin still owns a lot of Meta

@tayso6620 8 ай бұрын

Wow 33 ETH coins.

@kohyh8676 8 ай бұрын

For me. i would rationalize the financial assets to buy a property in the only child's name and collect rental income, and pass the property to the child later when he needs it.

@joshconsultancy 8 ай бұрын

pov noted

@holdthel1n331 8 ай бұрын

you sell or don't sell, also non of our biz. go seek a financial advisor privately. not a free review from JOSH?

@joshconsultancy 8 ай бұрын

Be nice be nice 🙏

@david888a 8 ай бұрын

U don’t hav to watch the content if u don’t appreciate Josh’s advice. BTW, Josh is a FA n they wrote to Josh seeking his advice n Josh kindly provided his sound recommendations. Smh

@thomashay79 8 ай бұрын

they really need advise? seem like not...

@joshconsultancy 8 ай бұрын

Asking for opinion is sometimes an important trait of successful people. They know there are other answers out there and they know there are blind spots.