On December 2019, we ran the second installation of the Emigration exercise where students would crowdsource information on the web to determine where would be a good place to emigrate to. Like the previous round, the following key assumptions were made :

• The class will ignore all work permit and VISA requirements of the target country to simplify the exercise.

• Person is single with a $500,000 portfolio in Singapore.

• This person could invest in a portfolio built by the class that yielded 6.35% a year.

• This person will attempt to live in the host country on an unleveraged portfolio, failing which a leveraged portfolio that yielded 9.2% will be constructed.

• If it is too expensive to live in the target country, this person will seek a middle income job in the target country.

The class will determine whether it is feasible to retire in the target country with a dividend portfolio located in Singapore....