Originally Posted by
Babyjet_dododo
I never stated it’s a get rich quick. I know how investing works. But when the funds available in the provident fund are junk. My timeline was, 10 years in provident fund from CX will give you about $100K-$150 HKD per year, so that’s about at best $1.5M, that’s without investing, let’s assume an 80% return over the 10 years, that leaves you shy of $3 mill. Like I said, at best 2 years living in Hong Kong. Maybe 3 years
Also the property I stated is enough of a decent size (by Hong Kong standards), in the cheapest complex in the cheapest suburb
Originally Posted by
Babyjet_dododo
My timeline was, 10 years in provident fund from CX will give you about $100K-$150 HKD per year, so that’s about at best $1.5M, that’s without investing, let’s assume an 80% return over the 10 years, that leaves you shy of $3 mill.
You are not invested with 1.5 over 10 years, it slowly builts up over time. So 80% of 1.5 M is very optimistic, more like half of that, if you are lucky.
DDDO got it right, the problem is the uncertainty. Tough call to move without knowing what to expect financially.