Whats your net worth - Page 205 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




Whats your net worth

Reply
 
Thread Tools
  #2041 (permalink)  
Old 23-08-2014, 04:55 PM
Unregistered
Guest
 
Posts: n/a
Default

31yo, male, single
Annual wage >$142k
Cash >$2k
Stocks >$210k
Unit trusts >$35k
CPF > $220k
Property ($1.2mn; paid up $300k)

How poor/rich/average am I?

Reply With Quote
  #2042 (permalink)  
Old 24-08-2014, 10:43 AM
Unregistered
Guest
 
Posts: n/a
Default

My situation.

Me 34 150k/yr
My wife 33 80-85k/yr
Hdb mansion almost paid. Valuation s$650k net of loan 550k
Cash and investments combined 600k
Second hand car 40k fully paid
Maid
1 kid and one more coming..


Wonder if I should upgrade to a pte apartment so that I can pass something to my kids when I pass on.. Thanks

Reply With Quote
  #2043 (permalink)  
Old 24-08-2014, 04:50 PM
Super Member
 
Join Date: Sep 2013
Posts: 431
newsgprop is on a distinguished road
Thumbs up

Quote:
Originally Posted by Unregistered View Post
My situation.

Me 34 150k/yr
My wife 33 80-85k/yr
Hdb mansion almost paid. Valuation s$650k net of loan 550k
Cash and investments combined 600k
Second hand car 40k fully paid
Maid
1 kid and one more coming..


Wonder if I should upgrade to a pte apartment so that I can pass something to my kids when I pass on.. Thanks
You should get a new private apartment to protect your wealth. if you need assistance, please PM me. Thanks

Reply With Quote
  #2044 (permalink)  
Old 27-08-2014, 07:06 PM
Unregistered
Guest
 
Posts: n/a
Default

50 & 51 couple.
Condo worth $1.2m, paid up.
Cash & CPF, $600k.
Total net worth, $1.8m.
Any advice how can we prepare for retirement?
We want to retire at 62.
Reply With Quote
  #2045 (permalink)  
Old 28-08-2014, 10:27 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
50 & 51 couple.
Condo worth $1.2m, paid up.
Cash & CPF, $600k.
Total net worth, $1.8m.
Any advice how can we prepare for retirement?
We want to retire at 62.
You are on track.

Buy a studio with your 600k. Move in there. Rent out your 1.2 m condo. (Or, stay put, but rent out your studio). This is your passive income.
Reply With Quote
  #2046 (permalink)  
Old 28-08-2014, 12:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Read this article on why it is dangerous and stupid to buy property now. Your condos will be empty for a long time, you cannot rent out due to the oversupply, unless there is a change in policy to bring in more FTs. Now, we don't have many FTs coming.

We are seeing MASSIVE OVERSUPPLY OF EMPTY CONDO UNITS.


Empty homes on the rise in S'pore

Aug 25, 2014

The number of vacant private homes in Singapore is steadily rising, climbing 10.3 percent to 21,268 units in Q2 2014 from 19,284 units in the previous quarter, revealed a Savills report.

Notably, the vacancy rate rose to 7.1 percent from 6.6 percent in Q1.

The greater number of empty units on the market comes despite strong leasing demand in Q2, with rental deals reaching a record 15,053 transactions, or a 12.2 percent increase from the quarter before.

According to Savills, the increasing stock of housing units is a contributing factor.

“At the end of Q2 2014, there were 297,998 available private homes across the island, an increase of 1.6 percent from the 293,283 units at the end of March,” the report said.

Most came from completed suburban condominium projects such as The Lakefront Residences on Lakeside Drive (629 units), Foresque Residences on Petir Road (496 units), Waterfront Gold on Bedok Reservoir Road (361 units) and The Greenwich on Seletar Road (319 units).

The central region also saw the completion of several developments, including Silversea on Marine Parade Road (383 units), Sophia Residences on Sophia Road (272 units) and Cyan on Keng Chin Road (278 units).

Looking ahead, Savills forecasts the island-wide vacancy rate will increase further with the impending new supply.

“Some 8,066 new private residential units are expected to be completed by the end of 2014. This could possibly drive the island-wide vacancy rate up to double digits before the year ends,” concluded the consultancy.




Quote:
Originally Posted by Unregistered View Post
You are on track.

Buy a studio with your 600k. Move in there. Rent out your 1.2 m condo. (Or, stay put, but rent out your studio). This is your passive income.
Reply With Quote

  #2047 (permalink)  
Old 08-10-2014, 11:46 PM
Unregistered
Guest
 
Posts: n/a
Default

how do i compare?

age 23 male full time uni undergrad
working as part time tutor

stocks 128k
cash 30k
cpf 6k

no house, no car, living with parents in hdb
worked part time before entering uni and did ns
Reply With Quote
  #2048 (permalink)  
Old 09-10-2014, 11:55 AM
Unregistered
Guest
 
Posts: n/a
Default

You are doing quite well for a student... Would u share how u've accumulated 128k and all that cash? Leveraged trading for the most part?



Quote:
Originally Posted by Unregistered View Post
how do i compare?

age 23 male full time uni undergrad
working as part time tutor

stocks 128k
cash 30k
cpf 6k

no house, no car, living with parents in hdb
worked part time before entering uni and did ns
Reply With Quote
  #2049 (permalink)  
Old 10-10-2014, 06:21 PM
Unregistered
Guest
 
Posts: n/a
Default

It has always been our dream to live in a condo. We are already in our late 30s but have not achieved our dream. We will work harder to earn more so that we can afford an EC. Our flat is now worth $400k and we still loan for the flat. Our net worth is only $500k. Our income in total is $8k pm. Is it advisable for us to upgrade to a condo?
Reply With Quote
  #2050 (permalink)  
Old 13-10-2014, 04:37 PM
Unregistered
Guest
 
Posts: n/a
Default

45, 44, total net worth $6m.
Planning to retire in Penang next year.
Looking forward to meet my old friends and family members there.
We are going to spend more time with our old parents and bring them to see the world.
Reply With Quote
Reply

Bookmarks

Tags
net wealth, net worth, networth

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,805 Replies, 1,045,236 Views
Career as Teacher ( 1 2 3... Last Page)
10,849 Replies, 6,670,367 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,401 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,319 Replies, 4,984,690 Views
GovTech ( 1 2 3... Last Page)
5,163 Replies, 2,164,650 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,715 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,509 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,239 Replies, 3,399,683 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,772,353 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,530 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,737 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,457,747 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,330,944 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,254 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,719 Views
Is getting a PMP worth it ?
4 Replies, 7,170 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,715 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,532 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,431 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,422 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,350 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,022 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,828 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,899 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,737 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,698 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,840 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,998 Views
MX12 reappointed at MX11
8 Replies, 848 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,718 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 02:10 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2