How much are you earning per annum?

Originally Posted by Unregistered

Female, mid 30s, local U grad, internet industry, family household income 500-600k p.a, current asset networth around 1.1M, plan to retire at age of 50-55, with 4-5 private properties. Honestly, still need to work hard for the next 20 years or so to achieve this goal.

how come asset networth so low? with this household income you should start to invest more.

both me and wife (mid 30s) are earning > 200k pa.
currently owning 2 private each (total 4), with 2 fully paid and other 2 50% paid

no plans for early retirement (still having good worklife balance), just want to leave more assets for my children

Originally Posted by Unregistered

Female, mid 30s, local U grad, internet industry, family household income 500-600k p.a, current asset networth around 1.1M, plan to retire at age of 50-55, with 4-5 private properties. Honestly, still need to work hard for the next 20 years or so to achieve this goal.

This is the only true salary posted here. The rest are trolls.

Originally Posted by Unregistered

how come asset networth so low? with this household income you should start to invest more.

both me and wife (mid 30s) are earning > 200k pa.
currently owning 2 private each (total 4), with 2 fully paid and other 2 50% paid

no plans for early retirement (still having good worklife balance), just want to leave more assets for my children

Wonder why you pay extra tax on own 2 private each.

Originally Posted by Unregistered

That's honestly quite low for someone your age. Are you a ITE grad?

That's really uncalled for. You think those who are earning less (that definitely made up of the majority of the working population) would declare their salary here? What an inconsiderate privileged person you are.

Originally Posted by Unregistered

Wonder why you pay extra tax on own 2 private each.

thats the minimum tax i can paid to own multiple properties.
if both of us own 4 together (instead of 2 each), absd itself will kill us

renting 2 out, 1 under development. so still ok

Originally Posted by Unregistered

thats the minimum tax i can paid to own multiple properties.
if both of us own 4 together (instead of 2 each), absd itself will kill us

renting 2 out, 1 under development. so still ok

Ok; the minimun tax is still alot because you are set back by a few hundred K.

But as you said you are leaving assets to your children.

Originally Posted by Unregistered

thats the minimum tax i can paid to own multiple properties.
if both of us own 4 together (instead of 2 each), absd itself will kill us

renting 2 out, 1 under development. so still ok

Can I ask what is the value of your property and how much are you receiving in rental? Just trying to do the math to see if it is worthwhile investing in real estate vs. stock market.

Originally Posted by Unregistered

Can I ask what is the value of your property and how much are you receiving in rental? Just trying to do the math to see if it is worthwhile investing in real estate vs. stock market.

staying in a 3 bedder

renting 2 1 bedder out with 1.7k (bought at 580k) and 2k (bought at 700k) rental each. property tax is 1.2k and 1.5k. MA fee is 220 each.
another 1 bedder (650k) under construction

all freehold

Originally Posted by Unregistered

how come asset networth so low? with this household income you should start to invest more.

both me and wife (mid 30s) are earning > 200k pa.
currently owning 2 private each (total 4), with 2 fully paid and other 2 50% paid

no plans for early retirement (still having good worklife balance), just want to leave more assets for my children

What are you two working as?

Originally Posted by Unregistered

What are you two working as?

i am in IT (public sector) while my wife is in Finance (private sector), both of us are typical office white collar. =)