Friday, July 21, 2023

$200k in Annual Dividends!?

I was recommended to this youtube link the other day:

 https://www.youtube.com/watch?v=Iug3ULZJda4

The channel talks about AK, a legend in the investment scene in Singapore. His blog is here

It seems he has generated 200k in dividends in 2022. I must have clicked on his blog before, though the 200k dividend didn't catch my eye then. 

200k is an insane amount. 

Assuming 5% dividend yield, his portfolio will be 4 million!

In the video, he claims he has 3 more years to withdraw his CPF, which means he is 52 this year (2023).

In his blog, he claims he makes 104k in dividends in year 2011 - which will be when he is 40 years old. Wow! 

I particularly like his 3P's philosophy:

- Prudent: be prudent with your money. It is hard to make money, don't throw it away (on risky investments).

- Patient: It takes time to make money.

- Pragmatic: Don't be too optimistic, don't be too pessimistic. Don't use leverage. 

I actually am quite curious about this guy. What was his occupation? He mentioned at one time, he worked 3 jobs. Did he have a high-paying job at one time? This guy is definitely rational and smart. Is he an extreme saver eating instant noodles for lunch every day (which I do not recommend)?

No matter, his story is inspiring for sure. 

No comments:

Post a Comment