Happy National Day, Everyone.
In the previous two videos, I shared why I think having a simple, low-cost, diversified, scalable portfolio as the basis for your wealth accumulation and spending down strategy is possible.
I also fleshed out the safe withdrawal rate system, which is a conservative, academic, empirical-based system of determining how much capital you need to have an inflation-adjusted income, for various duration you need.
If we have a simple way to create a passive, low-cost diversified portfolio, and a conservative, empirical spending strategy, how do we create a financial independence plan?
This video tries to add them up and craft a plan to figure out:
- How much income monthly from your paycheck to put in…
- To accumulate a portfolio…
- So that you can have a more passive, inflation-adjusted income that considers many challenging scenarios…
- For a specific duration…
- How to determine what kind of portfolio is suitable…
- How the implementation will be…
- Then what happens after you implemented the portfolio, what you should consider day to day…
- And what happens when your situation changes…
A Good Singapore Financial Independence Planning Blueprint
This should allow DIY investors to see how all these stuff add up, from a financial planning perspective.
Let me know if you have further questions.
Do like and subscribe if you like the video.
If you want to trade these stocks I mentioned, you can open an account with Interactive Brokers. Interactive Brokers is the leading low-cost and efficient broker I use and trust to invest & trade my holdings in Singapore, the United States, London Stock Exchange and Hong Kong Stock Exchange. They allow you to trade stocks, ETFs, options, futures, forex, bonds and funds worldwide from a single integrated account.
You can read more about my thoughts about Interactive Brokers in this Interactive Brokers Deep Dive Series, starting with how to create & fund your Interactive Brokers account easily.
Kyith is the Owner and Sole Writer behind Investment Moats. Readers tune in to Investment Moats to learn and build stronger, firmer wealth foundations, how to have a Passive investment strategy, know more about investing in REITs and the nuts and bolts of Active Investing.
Readers also follow Kyith to learn how to plan well for Financial Security and Financial Independence.
Kyith worked as an IT operations engineer from 2004 to 2019. Currently, he works as a Senior Solutions Specialist in Fee-only Wealth Advisory firm Providend.
You can view Kyith’s current portfolio here, which uses his Free Google Stock Portfolio Tracker.
His investment broker of choice is Interactive Brokers, which allows him to invest in securities from different exchanges all over the world, at very low commission rates, without custodian fees, near spot currency rates.
You can read more about Kyith here.
