4% retirement rule - valid in HK

[RobRoy]

If you fully own an apartment in Hong Kong which you are happy with, for the rest of your expenses the 4% rule should be plenty living in Hong Kong. If you are renting, anything can happen long term..

[cendrillon]

Original Post Deleted

There's actually a term for this: Satisfied Working Advanced Mustachian Individual (SWAMI). The idea being that these people bypass the need for financial independence because they have the confidence to set the terms they are willing to work under.

I think the difficulty is that in many work environments the culture makes it difficult for many people to achieve the level of work life balance they'd prefer. Often the culture in an office doesn't support this, although it certainly varies by industry and company. Another issue is that the more dependent a person is on their paycheck the more difficult it is to be assertive / push back when work demands are unreasonable. This is especially true for people with high agreeableness personalities.

[Wong Jeremy]

If you fully own an apartment in Hong Kong which you are happy with, for the rest of your expenses the 4% rule should be plenty living in Hong Kong. If you are renting, anything can happen long term..

Agree housing is the main cost thats out of sync with other day to day expenses (for a local)

[Viktri]

As I think about this more I think it's something people don't discuss or explore enough. What does the transition between working 9-5 (or 7-10) for a paycheck, and being fully retired look like. What are the options for people who are financial stable, still fairly young and want to keep working in some capacity, but want more freedom in the conditions they work under, whether it's the type of work they do, the hours, location and so on.

It's something rarely discussed in the financial world which tends to have a very binary definition of retirement.

Ime, not many options. I retired a few years ago but would love to get back into the work force. I don't see it happening as I lack the requisite experience and pedigree that most companies want. Also can't communicate in Chinese (both Mandarin and Cantonese) at a proficient level so that definitely doesn't help.

So I just continue to manage my portfolio and develop new business ideas.Have had poor success funding businesses, except for one. Investments have gone much better, and I'm very light on equities so the recent drops haven't affected us.

Lots of parental and societal pressure to get back to the 9-5. My mom thinks what I'm doing is risky since it isn't salaried but doesn't consider that salaried employees can lose their jobs too. But more than that, my parents hate not being able to tell others what my job title is. That really irks them. I normally just tell people that I'm unemployed.

[Morrison]

Ime, not many options. I retired a few years ago but would love to get back into the work force. I don't see it happening as I lack the requisite experience and pedigree that most companies want. Also can't communicate in Chinese (both Mandarin and Cantonese) at a proficient level so that definitely doesn't help.

So I just continue to manage my portfolio and develop new business ideas.Have had poor success funding businesses, except for one. Investments have gone much better, and I'm very light on equities so the recent drops haven't affected us.

Lots of parental and societal pressure to get back to the 9-5. My mom thinks what I'm doing is risky since it isn't salaried but doesn't consider that salaried employees can lose their jobs too. But more than that, my parents hate not being able to tell others what my job title is. That really irks them. I normally just tell people that I'm unemployed.

Sometimes I walk people through the exercise, starting from Adam Smith's Three Factors of Production.
In many instances it actually works and ppl are grateful

[pin]

Ime, not many options. I retired a few years ago but would love to get back into the work force. I don't see it happening as I lack the requisite experience and pedigree that most companies want. Also can't communicate in Chinese (both Mandarin and Cantonese) at a proficient level so that definitely doesn't help.

So I just continue to manage my portfolio and develop new business ideas.Have had poor success funding businesses, except for one. Investments have gone much better, and I'm very light on equities so the recent drops haven't affected us.

Lots of parental and societal pressure to get back to the 9-5. My mom thinks what I'm doing is risky since it isn't salaried but doesn't consider that salaried employees can lose their jobs too. But more than that, my parents hate not being able to tell others what my job title is. That really irks them. I normally just tell people that I'm unemployed.

Tell them you are an investment manager.

[shri]

Nivant - Thanks for that. Worth spending some time researching the term Safemax.

An initial search found a decent enough interpretation of the study (TL;DR).

https://retirementresearcher.com/4-r...-around-world/

[TheBrit]

Nivant - Thanks for that. Worth spending some time researching the term Safemax.

An initial search found a decent enough interpretation of the study (TL;DR).

https://retirementresearcher.com/4-r...-around-world/

Is he only including local bonds, bills and equities in his calculations? So for a UK investor, only looking at gilts and FTSE-100?

I doubt many people invest like that these days. I wonder how the results would look if investors in each country were assumed to invest 50:50 in global bonds and equities.

I suspect the data would be little worse for the US and lot better for most other countries as US equities have basically outperformed over most time periods. The global portfolio should have much lower drawdowns/volatility too, which reduces the chance of being wiped out.

[shri]

I do think there is room for a globalized / current trend and data driven Safemax calculator.

Would have to start with a well defined personal inflation calculator.

Would have to factor where you live and specific to lifestyle. You should be able to input education, health, accommodation and other major costs and cost specific inflation.

The data is out there for most common locations, unfortunately in very fragmented formats. Would almost need a full time economics student / data person to clean and present in a universal format.

[TheBrit]

I think using a local CPI and allowing the website user to over-ride it would be good enough for most. Maybe let them specify a fudge factor that would bias CPI up/down by x% in each year of the simulation.