How much are you earning per annum?

I going to buy a few starhub stocks.

i have account in SCB.

i don't know what to type in some fields when i buy the stock.

I type the following
What would you like to do: Buy
Exchange: SGX
stock code: CC3
Order quantity: 1000
Order type: limit (by default comes but i don't know the meaning)
Order price: i don't know what to type here. what is this? I put any amount it works. then how? how do i determine what price i type in? please help.

what is limit order?
what is order price?

Also,
I see another page showing this information:
lAst price : SGD 4.13
change : 0.01
Bid (size) : 4.12 (339,000)
Ask (size) : 4.13 (28,000)
Day's range : 4.14 - 4.13
volume: 1,463,000

What do above terms mean and how i make use of above information?

[lazyplane]

Suggest the following :

1. you can ask SCB to provide an online demo for you to learn how their system works.

2. go read up on some trading technical materials

Originally Posted by Unregistered

I going to buy a few starhub stocks.

i have account in SCB.

i don't know what to type in some fields when i buy the stock.

I type the following
What would you like to do: Buy
Exchange: SGX
stock code: CC3
Order quantity: 1000
Order type: limit (by default comes but i don't know the meaning)
Order price: i don't know what to type here. what is this? I put any amount it works. then how? how do i determine what price i type in? please help.

what is limit order?
what is order price?

Also,
I see another page showing this information:
lAst price : SGD 4.13
change : 0.01
Bid (size) : 4.12 (339,000)
Ask (size) : 4.13 (28,000)
Day's range : 4.14 - 4.13
volume: 1,463,000

What do above terms mean and how i make use of above information?

Middle class Singaporean couple, 41, 42, $175k pa. Saves $35k pa.
Spends $140k pa on:
1. Condo mortgage.
2. Car loan.
3. Expensive tuition classes.
4. Food and utilities.
5. Holidays, 2x a year.
6. Parents allowance.
7. Fine dining.
8. Etc.

We lead a middle class lifestyle.

My wife and I are at a cross road in our lives and career when we both hit 45 this year. We are both very exhausted from the long hours at the office. We were contemplating whether to upgrade from our paid up condo to a landed but that means we have to work for another 10 years to clear the landed mortgage. We finally decided to stay put in our condo. Currently our dividends from our portfolio is more than our household expenses and we have a pool of cash savings. We plan to work for just another five years and retire from being salaried workers when we hit 50.

I would say you are making the right choice, I live in a fairly sized landed property with my family and parents. The space it provides makes it ideal for a large family, if you its just you and the wife having more space is quite a hassle (and empty). Not to mention cleaning, repairs etc which come with landed properties.

If I stayed with just my family I would likely pick a condo to reside.

I'm in your shoes as well long hours, politics etc. I would say knowing you can break out anytime with no obligations is a peace of mind.

If you are looking at this from an investment perspective maybe pickup a investment apartment/condo instead.

Life won't go on forever, take it easy on yourself

Originally Posted by Unregistered

My wife and I are at a cross road in our lives and career when we both hit 45 this year. We are both very exhausted from the long hours at the office. We were contemplating whether to upgrade from our paid up condo to a landed but that means we have to work for another 10 years to clear the landed mortgage. We finally decided to stay put in our condo. Currently our dividends from our portfolio is more than our household expenses and we have a pool of cash savings. We plan to work for just another five years and retire from being salaried workers when we hit 50.

There are many in this forum who are rich millionaires with no problem retiring. For average guys like myself, we have few options.

Here's today's average typical guy circumstance when he and wife retire at 65:

1. Owns a HDB flat, 4 room, fully paid up.
2. Has the min sum in CPF SA. Today the amount is $155k. When he reach 65, he will get $1200 pm from CPF Life. Husband and wife has SA each so can get $2400 pm in total.
3. Investments in blue chip stocks worth $240k, giving dividend of $12k pa pr $1000 pm.
4. Two children who are working and giving allowance to him and wife.

So when he and wife retire, they can get passive income from:

1. Rent out two rooms of HDB flat, gets $600 per room or $1200 for both rooms, pm.
2. CPF Life payout of $2400 pm.
3. Dividends from blue chips $1000 pm.
4. Allowance from children $1000 pm.

In total, he and wife will get $5,600 pm or $67,200 pm. This is a comfortable passive income for the retired couple provided they don't drive, don't have a maid, don't gamble, don't drink, don't smoke and don't waste money on stupid things.

Conditions required for this to be possible:

1. The property market is not mismanaged with oversupply until it crashes and that will cause rental market to crash.
2. The flow of FTs must increase so that FTs can rent the rooms.
3. The stock market do not crash and cause dividends to crash.

A better idea is to rent out the whole flat, can get $2500 pm. Then retire in Malaysia.

Originally Posted by Unregistered

There are many in this forum who are rich millionaires with no problem retiring. For average guys like myself, we have few options.

Here's today's average typical guy circumstance when he and wife retire at 65:

1. Owns a HDB flat, 4 room, fully paid up.
2. Has the min sum in CPF SA. Today the amount is $155k. When he reach 65, he will get $1200 pm from CPF Life. Husband and wife has SA each so can get $2400 pm in total.
3. Investments in blue chip stocks worth $240k, giving dividend of $12k pa pr $1000 pm.
4. Two children who are working and giving allowance to him and wife.

So when he and wife retire, they can get passive income from:

1. Rent out two rooms of HDB flat, gets $600 per room or $1200 for both rooms, pm.
2. CPF Life payout of $2400 pm.
3. Dividends from blue chips $1000 pm.
4. Allowance from children $1000 pm.

In total, he and wife will get $5,600 pm or $67,200 pm. This is a comfortable passive income for the retired couple provided they don't drive, don't have a maid, don't gamble, don't drink, don't smoke and don't waste money on stupid things.

Conditions required for this to be possible:

1. The property market is not mismanaged with oversupply until it crashes and that will cause rental market to crash.
2. The flow of FTs must increase so that FTs can rent the rooms.
3. The stock market do not crash and cause dividends to crash.

Just got my keys to my JB semid house....now can retire or semiretire if we want to as can rent out our terrace and studio condo in Sg and live on passive income there of about S$3k or if we sell one or both Sg props, can have more.

Combined income now about S$18k a month so a bit of a pity to give that up. Mine S$10k to 15k a mth but spouse more unstable now about S$6k a mth.

Terrace valued at about 1.8 to 2 million. Outstanding mortgage $580k
Studio condo bought at 600k + . Loan 380k
JB semi d equity loan of 400k

Quite highly leveraged but my job is very stable as a locum GP so should be ok.

Mummy,

What happened to your plans to sell your terrace house and become a cosmetic surgeon?
Your plans keep changing. What's the latest plan?

Congrats that your hubby's income has grown from $2k pm to $6k pm. What is he doing now?

Originally Posted by Unregistered

Just got my keys to my JB semid house....now can retire or semiretire if we want to as can rent out our terrace and studio condo in Sg and live on passive income there of about S$3k or if we sell one or both Sg props, can have more.

Combined income now about S$18k a month so a bit of a pity to give that up. Mine S$10k to 15k a mth but spouse more unstable now about S$6k a mth.

Terrace valued at about 1.8 to 2 million. Outstanding mortgage $580k
Studio condo bought at 600k + . Loan 380k
JB semi d equity loan of 400k

Quite highly leveraged but my job is very stable as a locum GP so should be ok.

Originally Posted by Unregistered

Just got my keys to my JB semid house....now can retire or semiretire if we want to as can rent out our terrace and studio condo in Sg and live on passive income there of about S$3k or if we sell one or both Sg props, can have more.

Combined income now about S$18k a month so a bit of a pity to give that up. Mine S$10k to 15k a mth but spouse more unstable now about S$6k a mth.

Terrace valued at about 1.8 to 2 million. Outstanding mortgage $580k
Studio condo bought at 600k + . Loan 380k
JB semi d equity loan of 400k

Quite highly leveraged but my job is very stable as a locum GP so should be ok.

As I have advised you in HWZ, living with children in JB is NOT feasible. living with a spouse in retirement is doable.