Recent content by yona

  1. yona

    Have you reached a new $MM mark in the alst few years?

    Not me. My portfolio is about 90% in Hong Kong stocks. Thanks for the link though
  2. yona

    New to Forum. Changing Plans.

    growing older welcome It ain't about how hard ya hit. It's about how hard you can get hit and keep moving forward. Never give up! YouTube - ROCKY BALBOA: IT AIN´T ABOUT HOW HARD YOU HIT ...
  3. yona

    Best money advice you've ever received?

    No. People that work too hard don't have time to make money. I see it all the time in my company. When I talk with people about stocks, they tell me thay don't have time for this. They just put their money in CD. When you work hard and get promoted, the salary doesn't go up much. I decided...
  4. yona

    Best money advice you've ever received?

    If you work too hard, you have no time to make money
  5. yona

    Where were you at 31?

    I only started keeping a record of my NW in Feb 04 when I was few months older than 31. At that time we had 150K in stocks and around 100K in house equity. Today at age 35 we have about 1 million in stocks and no house. Great advice from Grizz. Try to use your after office hours to increase...
  6. yona

    How distant is your FIRE date?

    My date is 24.07.2008 - which is my 36th birthday DW should be qualified for HK passport at the end of April 2008. hopefully she will get it at May. The day she gets it, I will resign. Since I need to give 2 months notice, Mid-End of July looks right.
  7. yona

    More debt than anybody can handle!!!

    I am not an expert on this issue as I don't live in the US, but I agree that taxes won't solve this problem. My estimation is that governments all over the world will have to increase the retirement / SS age. Even increasing the age by "just" 2-3 years will almost solve the problem. In 1889...
  8. yona

    More debt than anybody can handle!!!

    The US is not in such a bad shape IMO. Specially if you remember that it gets the best interest rates in the world. Saying that, it is nice to live in a place that actually runs budget surplus.
  9. yona

    Which one or both? Retirement and/or Financial Indepedence

    My father is a musician and teaches singing. Last year he was very ill and needed a lung transplant. He was barely breathing, but still he continued working. Sitting on a wheelchair, connected to oxygen, he was still teaching 3-4 hours a week. Not much, but he can't live without music. If you...
  10. yona

    Ouch!

    I invest in very undervalued stocks. Usually micro caps that trade below net asset value or with very low price / sales ratio or very low price / earning ratio. Now I am mostly holding real estate companies in Hong Kong that trade well below NAV. I also have some industrial stocks that trade...
  11. yona

    Ouch!

    The hang seng was down about 1300 points at some point :o But it closed only -285. Really crazy day. My portfolio was down about 5% today and about 20% since it picked last month. I am still up about 50% YTD so I guess I have nothing to complain about.
  12. yona

    Moolah

    Well said. Also focus and devotion are important. I think all the successful people took some (calculated) risks, stayed very focused on the target and were very devoted reaching this target
  13. yona

    Moolah

    FIRE is the destination but the way there may be different for each one. For me, I knew after a few months in my job that I won't be able to get high salary. Today I earn 65K being a programmer, and my net worth is probably well above most of the people in my company that earn more than me. We...
  14. yona

    Market Opinions.

    I lost about 10% from the peak. Just love these opportunities, and I bought more cheap RE stocks in HK that trade below 1/3 of NAT. Who the hell is so stupid to sell 1 dollar for 30 cents :confused:
  15. yona

    How is the credit bubble affecting your city?

    I am wondering how the RE market in Canada is doing. Is any one of the Canadians here care to share?
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