How much are you earning per annum? - Page 858 - 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
  #8571 (permalink)  
Old 25-09-2015, 08:47 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
How much cash savings to do you have? If you have $500k of cash and stocks, you can just quit and take your time to find another job. This is especially so if the job cause you be in a deep depression. Don't listen to people who don't understand what it feels like to be in a depression.
I may not have $500k disposable cash, maybe $200k
But I don't have any debts now and wife has a stable job and willing to support to tide over
Just that I am thinking it might take longer (6mth to 1 year) to land another job
That would another kind of mental stress....
Sigh.

Reply With Quote
  #8572 (permalink)  
Old 25-09-2015, 11:14 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Full time trader, 49. Spouse, office worker, 46.
My income, $100k pa. Spouse income, $110k pa.
Household expenses, $130k pa. Expenses shared equally.
3 bedroom condo in central area, fully paid up a few years ago.
One year old car, paid up.
Children's Uni fund ready.
Debt free.
My net worth is 2x of spouse's net worth.
Enjoy a comfortable middle class lifestyle, overseas holidays twice a year, eat good food at restaurants, etc.
I will not retire so soon as I enjoy my trading job from my home office. I am the boss. No more office politics.
What do you trade? Short term or long term?

Reply With Quote
  #8573 (permalink)  
Old 25-09-2015, 11:49 AM
Unregistered_101
Guest
 
Posts: n/a
Default

Dun mind me asking whats ur line of work? And whats you day to day responsibilities? Maybe from there you can get better quality advise?

Quote:
Originally Posted by Unregistered View Post
I may not have $500k disposable cash, maybe $200k
But I don't have any debts now and wife has a stable job and willing to support to tide over
Just that I am thinking it might take longer (6mth to 1 year) to land another job
That would another kind of mental stress....
Sigh.

Reply With Quote
  #8574 (permalink)  
Old 25-09-2015, 12:07 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I may not have $500k disposable cash, maybe $200k
But I don't have any debts now and wife has a stable job and willing to support to tide over
Just that I am thinking it might take longer (6mth to 1 year) to land another job
That would another kind of mental stress....
Sigh.
Good to know that your wife is supportive of you quitting. This makes it less stressful for you. How much is your wife earning? How much is your HH expenses? If your wife earns $200k pa and your HH expenses is $100k pa, effectively you don't need to spend any of your cash savings. This gives you less stress to get a new job immediately. To make your wife happy, you can tell her that you will send and fetch her to and from work everyday so that she won't have to be in crowded buses and MRT or get frustrated of not getting taxis when she needed it most. She also save on transport costs especially the expensive taxi fares.

You can also offer cost savings actions by not employing a maid and you do the work of the maid. In this way, you save on maid cost of $1000 pm. This will make your wife happy since she will have convenience of travel and a house husband (at least for the moment) to take care of the household. You can always employ a new maid once you get a new job.

Your new role can actually save $20k pa so your HH expenses drop to only $80k pa which can be covered by your wife's $200k pa salary.

What do you think?


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


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


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
  #8575 (permalink)  
Old 25-09-2015, 03:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Correct me if I am wrong, my impression of stock traders are that they are more or less gambling.

They can make a bundle in some days and lose everything and then some, in other days. So the income that they "earn" is not actually there to be spent unlike the salaries that people earn in normal jobs.

As you are basically "self employed" you also dont have CPF savings, which is another problem. The employer CPF contribution can add up to a tidy sum over 30 years of employment, not to mention the accrued interest! Many of us when we quote our salaries do not include the employer CPF contribution which comes to another $15K pa or $472K over 30years of employment.

Would you be confident to depend on your trading income of $100k pa if your wife wasnt working?

It is different if it was passive income. When we retire, we will only have passive income to depend on. We aim to grow our passive income through stocks (not through trading) to our target of $100k pa by the time we retire.







Quote:
Originally Posted by Unregistered View Post
Full time trader, 49. Spouse, office worker, 46.
My income, $100k pa. Spouse income, $110k pa.
Household expenses, $130k pa. Expenses shared equally.
3 bedroom condo in central area, fully paid up a few years ago.
One year old car, paid up.
Children's Uni fund ready.
Debt free.
My net worth is 2x of spouse's net worth.
Enjoy a comfortable middle class lifestyle, overseas holidays twice a year, eat good food at restaurants, etc.
I will not retire so soon as I enjoy my trading job from my home office. I am the boss. No more office politics.
Reply With Quote
  #8576 (permalink)  
Old 25-09-2015, 04:28 PM
Unregistered
Guest
 
Posts: n/a
Default

You are naive. How old are you?


Quote:
Originally Posted by Unregistered View Post
Correct me if I am wrong, my impression of stock traders are that they are more or less gambling.

They can make a bundle in some days and lose everything and then some, in other days. So the income that they "earn" is not actually there to be spent unlike the salaries that people earn in normal jobs.

As you are basically "self employed" you also dont have CPF savings, which is another problem. The employer CPF contribution can add up to a tidy sum over 30 years of employment, not to mention the accrued interest! Many of us when we quote our salaries do not include the employer CPF contribution which comes to another $15K pa or $472K over 30years of employment.

Would you be confident to depend on your trading income of $100k pa if your wife wasnt working?

It is different if it was passive income. When we retire, we will only have passive income to depend on. We aim to grow our passive income through stocks (not through trading) to our target of $100k pa by the time we retire.
Reply With Quote

  #8577 (permalink)  
Old 25-09-2015, 08:04 PM
Junior Member
 
Join Date: Sep 2015
Posts: 4
James Lorinder is on a distinguished road
Default

Accountant
50k
Reply With Quote
  #8578 (permalink)  
Old 25-09-2015, 08:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by James Lorinder View Post
Accountant
50k
Where are you from James? How old are you? US$50k per month or per annum?
Reply With Quote
  #8579 (permalink)  
Old 26-09-2015, 08:08 AM
Unregistered
Guest
 
Posts: n/a
Default

You mean to say that the trader guy was lying about his $100k pa trading profits?

Don't get me wrong, I want people to trade especially in Singapore stocks because sgx will get a cut. And I have 25 lots of sgx shares.

I have yet to come across anyone who have consistently beaten the market through trading. People will boast about the big profits but kept very quiet when they are stuck or when they sold with big loss.

On the other hand, I know people who managed to bag multi-baggers, myself included, through buying good stocks and holding for the long term.

And I know if you are only able to make $100k profit, you are a small player who can only hope to catch the wave created by the big boys. Missed the wave or be on the wrong of the wave, and your $100k pa profits will be become losses.

Quote:
Originally Posted by Unregistered View Post
You are naive. How old are you?
Reply With Quote
  #8580 (permalink)  
Old 26-09-2015, 11:30 AM
Unregistered
Guest
 
Posts: n/a
Default

Good traders can make money in any kind of market conditions. But they have to be disciplined and dedicated. They are usually serious full time traders. There are many stories of millionaire traders all over the world.
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 25 23-04-2021 10:40 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
GovTech ( 1 2 3... Last Page)
5,165 Replies, 2,165,740 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
682 Replies, 389,382 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
208 Replies, 134,810 Views
Career as Teacher ( 1 2 3... Last Page)
10,867 Replies, 6,675,539 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,460 Replies, 785,227 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,810 Replies, 1,046,144 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,331 Replies, 4,986,494 Views
Lawyer Salary ( 1 2 3... Last Page)
21,016 Replies, 10,333,195 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,051 Replies, 441,034 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,386 Replies, 2,325,577 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
172 Replies, 309,979 Views
Compare civil service salary ( 1 2 3... Last Page)
16,346 Replies, 12,460,053 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,872 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,717 Views
Why Is Having a Google Virtual...
1 Replies, 6,809 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,580 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,570 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,584 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,774,232 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,813 Views
Is getting a PMP worth it ?
4 Replies, 7,192 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,896 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,455 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,658,465 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,154 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,864 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 359,129 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,376,146 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 614,119 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,740,215 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 10:56 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2