How is life as a doctor in Singapore?

Originally Posted by Unregistered

Are we even professionals?
Gp and ops salaries have been the same for donkey years
How abt inflation
Life will get worse with healthier gp- more work, complex cases, more admin

Fam med here in my country is also getting bad
New grads dont want to do fam med
Inflation is 4 to 10%
And they raised fees by 4% over 4 years.

Originally Posted by Unregistered

Quite true. Locum rates were stagnant for many years. Only went up due to Covid and I see it coming down again.

Sigh...why are Drs' salaries stagnant?

Drs have lost influence over the years
Internet easy to find information
Only things like predicting the future then got money
Eg finance.

Have a BTO, need to serve out MOP ,4.5 yrs left, any friendly docs can recommend where to invest my cash ? I have 150 k cash , my bto loan is 8 years , will finish it fast
Looking at s&p & qqq

Originally Posted by Unregistered

Have a BTO, need to serve out MOP ,4.5 yrs left, any friendly docs can recommend where to invest my cash ? I have 150 k cash , my bto loan is 8 years , will finish it fast
Looking at s&p & qqq

Market might be going sideways ranged bound for a bit.
Look to high dividend yield plays. Covered call ETFs.
SVOL - VIX play
TSLY - TSLA options
QYLD
XYLD
RYLD

Since the thread now discussing about property, thought I should ask as well.
I am taking mmed this Nov, if pass will get 200k/year, if fail will leave for gp land also ard 200k/year.
I am single and currently living with my parents. I am turning 35 next year. (Slightly older as I worked overseas for a few years before returning to sg, for family (parents) reasons)

So with 200k/year, would it better to buy condo, or resale HDB? (Have around 200k in CPF, and 100k in cash-savings and equities)

Originally Posted by Unregistered

Since the thread now discussing about property, thought I should ask as well.
I am taking mmed this Nov, if pass will get 200k/year, if fail will leave for gp land also ard 200k/year.
I am single and currently living with my parents. I am turning 35 next year. (Slightly older as I worked overseas for a few years before returning to sg, for family (parents) reasons)

So with 200k/year, would it better to buy condo, or resale HDB? (Have around 200k in CPF, and 100k in cash-savings and equities)

live with ur parents and save the money.
scrimp can save 150K a year
6 years already 1 million
put in 5% yield stock can get 50K a year
FIRE at 41 years of age, one week locum 2-3 days to keep afloat can liao
parents ahem..then just take over their house

Originally Posted by Unregistered

Since the thread now discussing about property, thought I should ask as well.
I am taking mmed this Nov, if pass will get 200k/year, if fail will leave for gp land also ard 200k/year.
I am single and currently living with my parents. I am turning 35 next year. (Slightly older as I worked overseas for a few years before returning to sg, for family (parents) reasons)

So with 200k/year, would it better to buy condo, or resale HDB? (Have around 200k in CPF, and 100k in cash-savings and equities)

I love where this chat is going. Well, my question is at 35 why does your CPF only have 200k. I have 250 k at age 30. Have u been topping up SA to maximize tax returns yearly

Originally Posted by Unregistered

I love where this chat is going. Well, my question is at 35 why does your CPF only have 200k. I have 250 k at age 30. Have u been topping up SA to maximize tax returns yearly

Agreed as opposed to many I am a strong believer of CPF. It is the perfect safety net , do top up 8k to SA yearly guys!

Originally Posted by Unregistered

Agreed as opposed to many I am a strong believer of CPF. It is the perfect safety net , do top up 8k to SA yearly guys!

Yep, reach yr FRS as early as possible and earn compound interest. That is what I did. Enjoy the yearly interest from CPF.

If u r fulltime locum, CPF will also ask u to top up Medisave yearly.

Originally Posted by Unregistered

live with ur parents and save the money.
scrimp can save 150K a year
6 years already 1 million
put in 5% yield stock can get 50K a year
FIRE at 41 years of age, one week locum 2-3 days to keep afloat can liao
parents ahem..then just take over their house

depends if that house is leasehold or freehold
stay with ur parents buy ur own place- rent out that place to fund the monthly mortage- that would be the smart thing to do. But if you want your own space & need privacy , ofc getting your own place is the best . I am also getting my own place as i truly need my space. Plan to do more telemed from home once i get my own space