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.
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