How much are you earning per annum?

Early 50s couple, low middle income, combined income $120k pa. Home is a 3 room condo, worth $1.2m, loan outstanding $400k. Hope to retire at 75.

Full time trader and investor (millionaire), earns $100k pa in dividends and and trading gains. Wife earns $110k pa. Lives in a 3 bedroom condo worth $1.1m, fully paid up. Drives an old conti car, fully paid up. Debt free. We are categorised in the middle income group in Singapore.

We plan to retire in 15 years time at 60 years old. By then my passive dividend income will be big enough to more than cover our annual expenses and I don't have to trade any more.

both me & wife are 43 now. total annual income about S$400k (incl. bonus).
working as senior mgmt in manufacturing industry though... very tiring
owned 3 bedder condo, got to change our 9 year old car soon
2 kids... saving up for their future.

Originally Posted by Unregistered

Full time trader and investor (millionaire), earns $100k pa in dividends and and trading gains. Wife earns $110k pa. Lives in a 3 bedroom condo worth $1.1m, fully paid up. Drives an old conti car, fully paid up. Debt free. We are categorised in the middle income group in Singapore.

We plan to retire in 15 years time at 60 years old. By then my passive dividend income will be big enough to more than cover our annual expenses and I don't have to trade any more.

Hi, after a lot of hardwork i have saved $5000 that I want to invest in a safe investment that can give me monthly dividends.
can you suggest?

Originally Posted by Unregistered

both me & wife are 43 now. total annual income about S$400k (incl. bonus).
working as senior mgmt in manufacturing industry though... very tiring
owned 3 bedder condo, got to change our 9 year old car soon
2 kids... saving up for their future.

You are so rich. How much is your combined net worth?

How much is your condo now worth? Any loan left?

Originally Posted by Unregistered

You are so rich. How much is your combined net worth?

How much is your condo now worth? Any loan left?

Condo fully paid... est $1.5mil....waiting on sideline to go in again as missed the boat...

When we collected our condo keys early this year, we found that many were buying to rent out. It seems that many people in Singapore are owning two homes or more. It is no wonder that the developers are still quite bullish when bidding for land. People here just love brick and mortar investment.

I checked the transacted rentals for the condo and it seems the owners are getting decent returns. A one bedder studio can fetch up to $2800 pm. A 4 bedder can fetch $6k pm.

ID firms, lighting, curtains, furniture and electrical appliances shops all seem to be busy all year round. Property agents are forever present in the condo as well. It seems a like a mini economy. I think if the cooling measures, TDSR, MSR and what not kills the property market, many people will be out of jobs! This will be something the gahmen have to balance carefully while trying to prevent a property bubble from forming.

Originally Posted by Unregistered

Condo fully paid... est $1.5mil....waiting on sideline to go in again as missed the boat...

Just have to be patient for next financial crisis.
What goes up must come down.
Todays inflated demand is due our garment loose import policy of foreign trash

Does your $100k includes paper gain? What is your combined networth? Do you have any kids?

We originally planned to put our CPF money into stock and shares, but we found the guaranteed 2.5% from CPF is quite ok for us at the moment. Together with the MA and SA both giving 4% interest, our CPF is generating a tidy sum of $40k interest pa - no risk!

Whatever stocks holdings we have are all invested with cold hard cash. Last year's dividends for us was $38k total. We are still short of $22k of passive income to hit our target of $100k.

We recently bought another condo for rental. With this we are hoping to generate another stream of income of $40k pa. But we have to manage the loan also.

Originally Posted by Unregistered

Full time trader and investor (millionaire), earns $100k pa in dividends and and trading gains. Wife earns $110k pa. Lives in a 3 bedroom condo worth $1.1m, fully paid up. Drives an old conti car, fully paid up. Debt free. We are categorised in the middle income group in Singapore.

We plan to retire in 15 years time at 60 years old. By then my passive dividend income will be big enough to more than cover our annual expenses and I don't have to trade any more.

Be careful what you wish for. While a recession or financial crisis will hit the rich by reducing their wealth, they are usually able to pull through. It is the average Joes that will suffer the most.

Most wealthy people have buffers, but the average Joe does not. When jobs goes in a recession or crisis, the average Joes will be the first to lose their jobs or have cuts to their pay.

Investment and spreading the risks are what rich people do so that they can ride out crisis. Many average Joes (myself included) are beginning to do this when we have saved enough. So I would not want to wish for another crisis or recession.

Originally Posted by Unregistered

Just have to be patient for next financial crisis.
What goes up must come down.
Todays inflated demand is due our garment loose import policy of foreign trash