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How long will your ‘Interest Bucket’ take to generate > S$2,400?
By Retirement Noob  •  April 25, 2016
I believe many will not be interested to know that it will take slightly more than 7 years to generate S$2,400 of interest (total) with the following plan - Investing S$200 monthly on an investment product that yields 4% interest. However, if you leave your investment alone (after 8 years of hard work) for another 30 years, your investment portfolio will have grown to ~ S$72,000. This amount will probably catch more attention. Crucial Element to Growing Your Investment is Time The maths is simple. You invest S$200 monthly (works out to be S$2,400 invested annually). With an investment product that yields 4% (plus compound interest), here are the results: The more ......
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By Retirement Noob
This blog is all about my journey towards my goal for retirement. Living in Singapore has its merit, but it comes at a price of worrying about our retirement. My ultimate goal is to build passive income which will allow me to retain my lifestyle even after I have retired. This blog will hopefully document the growth of my investment portfolio and share with others that it is possible to be a Millionaire with a middle-income salary.
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