esther2286
New member
I am 27yo (M) single, no family obligations. earning 65k a month. paying 30k for a condo loan
still have around 860k payable on the condo loan
I save and invest like crazy. Honestly I love seeing the numbers just grow overtime
My current portfolio is
67% mp2 ( This is my 2nd account already, 1st account matured and was reinvested again)
19% high yield savings (digital banks)
11% cash or low yield savings ( traditional banks)
1% equities (index fund)
total portfolio value is around 1.780m
Recently I had this idea when I looked at the 13 years run by mp2
6.17% ang average niya from 4.xx to the 8.11%
Now if we assume 6% flat a year
You need about 1.7m principal to guarantee 100k yearly div
(This is not adjusting to compounding interest over the years and you don't add anymore)
Now I plan to take that 19% and maybe some if not all of the 11% of my portfolio and place it in mp2 to hit 1.7m
Maybe I am bias with MP2, but for me the 0 capital gains tax and 0 fee you get is massive compared to any stocks or index fund that gives dividend and long term stock value appreciation. Looking at the common or average dividend rate they go around 4-5% after taxes.
Yes we can say reinvest the dividend back to the stocks to compound it, but we should also remember stocks can go up and down or sideways and when time to sell taxes / fees would eats some of your gains
I know MP2 is not perfect it has the 5 years locked period and the slow process of claim, unlike stocks where you can liquidate anytime.
When I compare the all in stocks vs all in MP2 it feels like they're neck in neck close at the very end of a 30 year run
still have around 860k payable on the condo loan
I save and invest like crazy. Honestly I love seeing the numbers just grow overtime
My current portfolio is
67% mp2 ( This is my 2nd account already, 1st account matured and was reinvested again)
19% high yield savings (digital banks)
11% cash or low yield savings ( traditional banks)
1% equities (index fund)
total portfolio value is around 1.780m
Recently I had this idea when I looked at the 13 years run by mp2
6.17% ang average niya from 4.xx to the 8.11%
Now if we assume 6% flat a year
You need about 1.7m principal to guarantee 100k yearly div
(This is not adjusting to compounding interest over the years and you don't add anymore)
Now I plan to take that 19% and maybe some if not all of the 11% of my portfolio and place it in mp2 to hit 1.7m
Maybe I am bias with MP2, but for me the 0 capital gains tax and 0 fee you get is massive compared to any stocks or index fund that gives dividend and long term stock value appreciation. Looking at the common or average dividend rate they go around 4-5% after taxes.
Yes we can say reinvest the dividend back to the stocks to compound it, but we should also remember stocks can go up and down or sideways and when time to sell taxes / fees would eats some of your gains
I know MP2 is not perfect it has the 5 years locked period and the slow process of claim, unlike stocks where you can liquidate anytime.
When I compare the all in stocks vs all in MP2 it feels like they're neck in neck close at the very end of a 30 year run