I have a friend (Let’s call him Mr Cat). Mr Cat is in his early thirties, contemplating about quitting his job and living on his portfolio. I told him that his dream is not possible unless his portfolio is generating cash flow of at least $2k per month. Mr Cat then showed me his current portfolio, which is rather impressive if I do say so myself. Mr Cat is single without the need to support his parents. He lives in a fully-paid 4-room HDB flat left behind by his late mother. His savings are meagre though.

Name (Currency)
Port %
Shares
Avg Price
Value
12.00%
4,416
8.983
37,845.12
11.70%
1,957
18.653
36,909.02
10.53%
2,179
15.214
33,207.96
9.74%
12,000
2.782
30,720
9.13%
15,000
2.62