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Thread: How rich/poor am I compared to people my age(27)?
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Old 29-12-2020, 03:24 PM
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Originally Posted by Unregistered View Post
Don't think you should include CPF OA into your networth calculation. You will never know when the government will change laws to lock it in permanently. Judging by the looks of it pretty soon.

Before talking about investment make sure you have at least the very least, 1 year of your GROSS income saved as emergency fund. Then save for marriage and HDB. Don't bother about investments until you get all these sorted

Invest in stable assets like etf of bonds. Then DCA in. Don't do stocks from the get go. Only set aside no more than 30% of your portfolio on stocks.
Horrible advice. You just need to set aside 6 months of expenses as emergency fund. If you do not have marriage/hdb on the horizon, feel free to invest your money elsewhere.

At such a young age, you can afford >50% equities in your portfolio. Bond yields are pretty low and unattractive atm.
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