Like Tree16Likes

Retiring early in HK - Investment Strategies

Reply
Page 1 of 2 1 2 LastLast
  1. #1
    Mat
    Mat is offline

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,595

    Cool Retiring early in HK - Investment Strategies

    You guys are ALL WRONG.

    Here is how to do it.

    33 years old on a taxi driver salary

    A taxi driver retires at 33 after amassing 40,000 HSBC shares



  2. #2

    Join Date
    Dec 2002
    Location
    ???
    Posts
    33,148

    Around 2.6M HKD?


  3. #3
    Mat
    Mat is offline

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,595
    Quote Originally Posted by shri:
    Around 2.6M HKD?
    Oh come on Shri, that 13K a month. Don't be a snob!

  4. #4

    Join Date
    Dec 2002
    Location
    ???
    Posts
    33,148

    Nothing to do with being a snob at all.

    Did they declare a dividend this week?


  5. #5

    Join Date
    May 2006
    Posts
    6,175

    And best of all. He'll never pay taxes again and enjoy subsidized recreational facilities, free healthcare, and cheap public transportation for the rest of his life. Do you now understand why Hong Kong needs those fiscal reserves?

    rickyross likes this.

  6. #6

    Join Date
    Mar 2010
    Posts
    5,625
    shri and jrkob like this.

  7. #7

    Join Date
    Dec 2002
    Location
    ???
    Posts
    33,148

    So about $160K a year n dividend? Not bad at all.

    rickyross and civil_servant like this.

  8. #8

    Join Date
    Oct 2010
    Posts
    20,472
    Quote Originally Posted by civil_servant:
    And best of all. He'll never pay taxes again and enjoy subsidized recreational facilities, free healthcare, and cheap public transportation for the rest of his life. Do you now understand why Hong Kong needs those fiscal reserves?
    Good job people like you will retire in Italy, along with tens of thousands of other expats who pay into the system but won't be a burden on it in retirement.

    HK doesn't need these huge fiscal reserves.
    Skyhook likes this.

  9. #9

    Join Date
    May 2006
    Posts
    6,175
    Quote Originally Posted by TheBrit:
    Good job people like you will retire in Italy, along with tens of thousands of other expats who pay into the system but won't be a burden on it in retirement.

    HK doesn't need these huge fiscal reserves.
    I can guarantee you, my wife and I are NET receivers. I don't pretend the tiny amount of taxes we pay pays for all the services and infrastructure.
    On top of that, I can have tax free capital gains on my investments which lowers my net tax take even further.

  10. #10
    Mat
    Mat is offline

    Join Date
    Jun 2004
    Location
    HK
    Posts
    14,595

    First of all nothing is guaranteed....

    The guy is 33... assume he goes like the average in HK to 82... he has 50 years to go... u telling me u already know that in the next 50 years HK won't change a bit and healthcare will remain free, transport cheap, etc etc. Oh fuck wait... in 30 years HK goes back to China so oh shot actually you have no clue!!!!

    Second of all... again what u describe above is more or less what any half decent gvt in the west )i developed country.. sthg HK claims to be) would provide its citizens (the USA are a bit special so we will leave them out of this discussion).

    so again what is soooo great abt HK gvt?

    shri likes this.

Reply
Page 1 of 2 1 2 LastLast