How much are you earning per annum? - Page 102 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




How much are you earning per annum?

Reply
 
Thread Tools
  #1011 (permalink)  
Old 30-11-2011, 08:46 AM
Unregistered
Guest
 
Posts: n/a
Default

You are comparing now to 2009? Now is like 1H2007. Economic downturn looms in the background but the actual impact have yet to be imported into SG.

Wait for the "2009" moment to come again. Property prices have not fallen but the rate of increase is slowing down. Look at the FSSTI, it went from almost 3,000 at end of 2010 and now is 1,600.

If property prices fell in 2009, why won't it fall this time around? What's the difference?

There are only 2 groups of people in this world: those with guts (inside) and those with guts (spilling out). Your advice below is of no help to anyone either.

Quote:
Originally Posted by Unregistered View Post
There are only 2 groups of people in this world: those who have guts and those who do not. Unfortunately, your advice wouldn't be of help to either group.

Those young couples who have guts would have bought distressed properties as recently as 2009, which was not even one-tenth of a generation ago, and would have seen their investment quadrupled at least, assuming a 20% down payment for suburban condos which have generaly double in price since then.

On the other hand, those young couples who do not have guts will only tremble and urinate in their pants even if a distressed property is offered right in front of their eyes with the economy around them collapsing, their jobs at stake and bonuses cut. They will live through many property cycles without doing anything, anyway.

Reply With Quote
  #1012 (permalink)  
Old 30-11-2011, 09:17 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
You are comparing now to 2009? Now is like 1H2007. Economic downturn looms in the background but the actual impact have yet to be imported into SG.

Wait for the "2009" moment to come again. Property prices have not fallen but the rate of increase is slowing down. Look at the FSSTI, it went from almost 3,000 at end of 2010 and now is 1,600.

If property prices fell in 2009, why won't it fall this time around? What's the difference?

There are only 2 groups of people in this world: those with guts (inside) and those with guts (spilling out). Your advice below is of no help to anyone either.
Which FSSTI are you looking at? Is it this one:
FTSE Straits Times Index (FSSTI:IND) Index Performance - Bloomberg

Reply With Quote
  #1013 (permalink)  
Old 30-11-2011, 09:31 AM
Unregistered
Guest
 
Posts: n/a
Default

Typo. 2,600 I meant.

Quote:
Originally Posted by Unregistered View Post
Which FSSTI are you looking at? Is it this one:
FTSE Straits Times Index (FSSTI:IND) Index Performance - Bloomberg

Reply With Quote
  #1014 (permalink)  
Old 30-11-2011, 09:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
There are only 2 groups of people in this world: those who have guts and those who do not. Unfortunately, your advice wouldn't be of help to either group.

Those young couples who have guts would have bought distressed properties as recently as 2009, which was not even one-tenth of a generation ago, and would have seen their investment quadrupled at least, assuming a 20% down payment for suburban condos which have generaly double in price since then.

On the other hand, those young couples who do not have guts will only tremble and urinate in their pants even if a distressed property is offered right in front of their eyes with the economy around them collapsing, their jobs at stake and bonuses cut. They will live through many property cycles without doing anything, anyway.
hehe, i was one of the those who bought one in 2003 and two after 2009. have made enough to own a freehold landed and 800K cash in the bank. now i don't really care if prices crash (can use my cash to buy a cheap one) or shoot up (my landed will increase in value).
Reply With Quote
  #1015 (permalink)  
Old 30-11-2011, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
hehe, i was one of the those who bought one in 2003 and two after 2009. have made enough to own a freehold landed and 800K cash in the bank. now i don't really care if prices crash (can use my cash to buy a cheap one) or shoot up (my landed will increase in value).
Congrats. You've succeeded in one of life's most important gambles.
Reply With Quote
  #1016 (permalink)  
Old 30-11-2011, 06:15 PM
Unregistered
Guest
 
Posts: n/a
Default

Hello

I'm 45 years old and have been working in the financial services industry for the past 20 years. Because I did not job hop, my salary growth is not that great. My package fluctuated according to the performance of the market. On average over the past 5 years, my total earnings was S$110k. I'm a good and valuable worker and survived many retrenchment exercises. Do you think I'm paid enough? Or should I just quit without a job and take a 6-month break from the workforce and resume looking for a higher paying job after that? Many people advised me against doing this given the economic climate. Any advice anyone? Thanks.

Confused guy
Reply With Quote

  #1017 (permalink)  
Old 30-11-2011, 06:28 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello

I'm 45 years old and have been working in the financial services industry for the past 20 years. Because I did not job hop, my salary growth is not that great. My package fluctuated according to the performance of the market. On average over the past 5 years, my total earnings was S$110k. I'm a good and valuable worker and survived many retrenchment exercises. Do you think I'm paid enough? Or should I just quit without a job and take a 6-month break from the workforce and resume looking for a higher paying job after that? Many people advised me against doing this given the economic climate. Any advice anyone? Thanks.

Confused guy
Only quit when you have secured a higher paying job. Simple common sense.
Reply With Quote
  #1018 (permalink)  
Old 30-11-2011, 07:44 PM
Ex I banker
Guest
 
Posts: n/a
Default

I used to be a high flying investment banker. Many of my colleagues were jealous of my success. Due to internal politics, I lost my $350k a year job. Have been searching for similar position but to no avail. Perhaps due to my age? I'm 38 years old. Now I am offered only $130k a year job in a research capacity. It is becoming very stressful for me to lower my profile among my friends. Should I take this lower profile job or wait for another ibanking job to come along?
Reply With Quote
  #1019 (permalink)  
Old 30-11-2011, 08:29 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Ex I banker View Post
I used to be a high flying investment banker. Many of my colleagues were jealous of my success. Due to internal politics, I lost my $350k a year job. Have been searching for similar position but to no avail. Perhaps due to my age? I'm 38 years old. Now I am offered only $130k a year job in a research capacity. It is becoming very stressful for me to lower my profile among my friends. Should I take this lower profile job or wait for another ibanking job to come along?
Have you tried to lower your pride and beg your ex-boss / ex-colleague to take you back?

For 200k a year, I think it's worth a try.

Otherwise, settle for the lousy research job to ride things over. You got no savings?


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #1020 (permalink)  
Old 30-11-2011, 10:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
If property prices fell in 2009, why won't it fall this time around? What's the difference?
The difference is that nobody wants to end up the butt of jokes like the sellers who sold to the guy above in 2009.

Quote:
Originally Posted by Unregistered View Post
hehe, i was one of the those who bought one in 2003 and two after 2009. have made enough to own a freehold landed and 800K cash in the bank. now i don't really care if prices crash (can use my cash to buy a cheap one) or shoot up (my landed will increase in value).
2009 is still very fresh in everyone's mind, so these sellers are still the laughing stock of friends, colleagues and relatives during Christmas party.

Cousin: "What! You panicked after Lehman and sold your house for $1 million? It's worth $2.5 million now!"
Aunt: "What a pity! You gave away $1.5 million to this guy? You're generous!"
Wife: "He likes to play Santa Claus! If he does it one more time I'll file for divorce. I'm not joking OK!"
Uncle: "Ok! Ok! Don't quarrel! Come have a piece of turkey so you wouldn't chicken out so easily!"


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
Reply

Bookmarks

Tags
bond, bond breaking, income pa, lawyer, saf

« 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
Industries with Highest Proportion Earning 5-Figure Monthly Income Salary.sg Income and Jobs 23 06-08-2017 06:46 PM
Lawyer earning $25k/mth forged $65k payslip to get job Salary.sg Income and Jobs 2 30-12-2011 02:42 PM

» 30 Recent Threads
Which degree is the best return on... ( 1 2 3... Last Page)
35 Replies, 8,013 Views
Constituency Manager (People... ( 1 2 3... Last Page)
834 Replies, 419,056 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
113 Replies, 89,154 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,751 Replies, 489,829 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,770 Replies, 830,547 Views
Dsta ( 1 2 3... Last Page)
759 Replies, 506,593 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
1,255 Replies, 1,019,012 Views
Enterprise Singapore hiriing... ( 1 2 3)
24 Replies, 14,765 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,044 Replies, 816,494 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,895 Replies, 1,747,828 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
615 Replies, 310,616 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,171 Replies, 203,605 Views
Job offer from Apple ( 1 2 3... Last Page)
313 Replies, 53,956 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,591 Replies, 976,053 Views
Career as Teacher ( 1 2 3... Last Page)
2,043 Replies, 1,380,925 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
41 Replies, 45,267 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,853 Replies, 3,611,403 Views
ST Electronics ( 1 2 3... Last Page)
382 Replies, 170,851 Views
MasterCard Graduate Developement...
8 Replies, 2,776 Views
Roles in accenture singapore ( 1 2 3... Last Page)
288 Replies, 226,653 Views
Govtech bonus ( 1 2 3... Last Page)
30 Replies, 12,466 Views
Lawyer Salary ( 1 2 3... Last Page)
4,865 Replies, 2,104,850 Views
Need career advice
4 Replies, 792 Views
SPF (Direct-Entry Inspector)
9 Replies, 1,174 Views
is it crazy to give up a 100k P.A... ( 1 2 3)
27 Replies, 21,807 Views
Career switches - job options and... ( 1 2)
13 Replies, 2,372 Views
OCBC Young Bankers Programme ( 1 2 3... Last Page)
97 Replies, 71,188 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,370 Replies, 539,007 Views
Job search for returning...
1 Replies, 336 Views
Infineon Technologies
1 Replies, 255 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:58 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2