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Whats your net worth

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  #2591 (permalink)  
Old 09-02-2018, 03:15 PM
Unregistered_101
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I would say

Your 1st investment property is really not performing, you should sell it off and pay off your own home. Then save up.

I would cut back on the watch purchase personally, when times are bad they literally have low value. Its an expensive hobby as well. I don't include watches as part of my networth because of this.

Also investing in stocks etf etc is not suitable for everyone, saying it is one thing but how well are you able to invest in this sector assuming you have cash. You should dabble abit to show if you suited before you consider moving your investment strategy. No issues with just property investment but one needs to pick the right props that give back a good yield and hopefully cap gains (en bloc etc)

Quote:
Originally Posted by kaos View Post
Seen a lot of great replies and advice here. Specifically wondering if forum-ers here can provide some advice:

42 male, wife 39 female, 2 young kids
Both working professionals (finance) - combined $205k p/a after tax not including bonuses (maybe about $50k p/a after tax)
Cash - $200k
Car Loan - $1.2k per month
Stock/Equity - $50k
Own Home - $1.4M (loan $550k)
Investment Property 1 - $1.6M (loan $1.1M, $25k net rent p/a)
Investment Property 2 - $1.55M (loan $630k, $40k net rent p/a)
Watch Collection - $60k

Total Assets = $4.66M
Total Debt = $2.284M

Net Worth = $2.376M

As you can see my net worth is heavily property-weighted and pretty concerned that I should be diversifying more into stock , bonds and ETFs etc as a lot of people here have. Anyway interested to hear genuine advice/suggestions/comments. Thanks everyone in advance!

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  #2592 (permalink)  
Old 12-02-2018, 05:35 PM
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Default what should i do

Besides a terrace house my family stay ( has been fully paid off)
I have following investment mainly on local properties

Unit A: value 900K, fully paid off. collecting rental : 2500/M
5RM HDB from 2nd hand market many years ago, fully paid off, rental 2000/M
Unit B: Market value 1.5M, outstanding loan 600K. rental 3800/M.
Unit C: Market value 1.25M, Outstanding loan ,700K. rental 4000/M

For Units B & C, we are paying total 7K monthly for instalment with floating interest at 2%+-, leaving us about 5.5K as net passive income from these two units after deducting 2.3K interest for the bank loans.

We are planning to retire in 3 years time after I am 60 years old. my question is :

If I have accumulated 1.8M cash in hand by the time I come to retirement ( 3 years later) , should I fully settle my outstanding loan ( i.e 1.3M) for Units B and C to enjoy gross 12K monthly income for my family expenditures without any debt ? or I could add another unit worth say 1.2M (Ucall it nit D, paid fully by cash) in my investment portfolio.

As a result, the Unit D will say collect aprox. 2500/M rental that would be able to cover the interest amount incurred by Unit B and C. My passive income will still be 12K/M at the same time I might have potential chance to win some capital gain to be generated by unit D?


What do you think would be a better way ?

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  #2593 (permalink)  
Old 14-02-2018, 04:07 PM
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Quote:
Originally Posted by Unregistered_101 View Post
I would say

Your 1st investment property is really not performing, you should sell it off and pay off your own home. Then save up.

I would cut back on the watch purchase personally, when times are bad they literally have low value. Its an expensive hobby as well. I don't include watches as part of my networth because of this.

Also investing in stocks etf etc is not suitable for everyone, saying it is one thing but how well are you able to invest in this sector assuming you have cash. You should dabble abit to show if you suited before you consider moving your investment strategy. No issues with just property investment but one needs to pick the right props that give back a good yield and hopefully cap gains (en bloc etc)
1st investment property just bought not too long ago at fire sale price. So the yield is slightly higher (didn't buy at $1.6M) but yeah, still not as high as I would like it to be but it's really more a capital growth/en bloc play. Same with the 2nd investment property, bought at way lower than market price today (it's commercial).

Watch collection is just Pateks and Rolexes, all second hand and bought for maybe $40k in all. The $60k estimate is what i can get if i need to sell it today. Fyi, yes it is a hobby but I do flip it quite often and i never buy new. I buy opportune pieces at good prices and if i get bored, sell it for next opportunity. (I also never buy Omegas, Panerai, IWC, Longines, Hublots etc or include them in net worth as those are truly consumer watches which depreciate)

Anyway thanks for your advice and will dabble in stocks and etf investments small scale at first to get a feel. Hopefully can report back to this forum with my progress!

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