Where would you invest your money at 25? - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property, building net worth and retirement matters




Where would you invest your money at 25?

Reply
 
Thread Tools
  #1 (permalink)  
Old 14-06-2018, 11:05 PM
Junior Member
 
Join Date: Jun 2018
Posts: 1
Jnsy is on a distinguished road
Default Where would you invest your money at 25?

Hi All,

Im 24yo single this year have been working since I was 18.

OA-41K
SA-12K

I am currently drawing a salary of 3.4k , going to complete my uni course in January.

My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.

I Would be debt free in March 2019(study loans and cc loans)

What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!

Reply With Quote
  #2 (permalink)  
Old 15-06-2018, 12:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Jnsy View Post
Hi All,

Im 24yo single this year have been working since I was 18.

OA-41K
SA-12K

I am currently drawing a salary of 3.4k , going to complete my uni course in January.

My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.

I Would be debt free in March 2019(study loans and cc loans)

What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!
What are you working as for 3.4k? That seems like a good pay w/o a degree! Congrats on saving up.

Reply With Quote
  #3 (permalink)  
Old 15-06-2018, 08:11 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Jnsy View Post
Hi All,

Im 24yo single this year have been working since I was 18.

OA-41K
SA-12K

I am currently drawing a salary of 3.4k , going to complete my uni course in January.

My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.

I Would be debt free in March 2019(study loans and cc loans)

What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!
It depends on what are your goals. You starting working early at 18 and have accumulated funds in your CPF and hopefully some cash with you. This is a good head start. Unfortunately your biggest mistake is to get into credit card debt which is a bad debt.

I suggest you start to save up before thinking of growing your wealth. Depending on your risk appetite, you can invest or do a side line business.

What I did was I got into good debts by investing in myself. i.e. investing in education, joined a good company and buy a house.

You should also have sufficient insurance coverage.

My greatest asset is my house, which has since appreciated.

Reply With Quote
  #4 (permalink)  
Old 18-06-2018, 12:09 AM
Junior Member
 
Join Date: Jun 2018
Posts: 5
fyrestorm is on a distinguished road
Default

Quote:
Originally Posted by Jnsy View Post
Hi All,

Im 24yo single this year have been working since I was 18.

OA-41K
SA-12K

I am currently drawing a salary of 3.4k , going to complete my uni course in January.

My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.

I Would be debt free in March 2019(study loans and cc loans)

What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!
5k passive income per month is impossible in 5 years time unless you have a large capital to begin with. Based on statistics, the US stock market has the highest rate of returns. Sg stock market gives lower ROI. You can dollar cost average into index funds such as VTI, VOO or SPY, they pay a dividend every 3 months and average about 8 - 10% return a year. You can also pick individual stocks, but the index funds I have mentioned are better for dollar cost averaging.
Reply With Quote
  #5 (permalink)  
Old 28-06-2018, 10:10 PM
Unregistered
Guest
 
Posts: n/a
Default

how about if have 50k to spare? where to invest
Reply With Quote
  #6 (permalink)  
Old 01-07-2018, 08:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
how about if have 50k to spare? where to invest
Buy 50K lump sum sti etf asap. Projected to continue rising
Reply With Quote

  #7 (permalink)  
Old 05-07-2018, 02:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Jnsy View Post
Hi All,

Im 24yo single this year have been working since I was 18.

OA-41K
SA-12K

I am currently drawing a salary of 3.4k , going to complete my uni course in January.

My biggest regret is not saving or investing any money when I was younger ,buying cars and stupid handbags and getting in ridiculous credit card debt.

I Would be debt free in March 2019(study loans and cc loans)

What would you do if you were my 25 with 2k cash every month and 40k OA?
How would you grow your wealth?
Is it even possible to generate 5k passive income ever month in 5 years time?
Please advise, Thank you!

working backwards.

5k monthly passive = approx 60k annual.

assume 5% Returns. which is very high.

you need at least 1.2M in investment.

by the way. if you can find investment with 5% ROI risk free/low risk. please share with us. right now even the TH astrea bonds only 4+ % and it's not risk free. GSB is even worse. less than 3%
Reply With Quote
  #8 (permalink)  
Old 01-08-2018, 11:13 AM
Unregistered
Guest
 
Posts: n/a
Default @Jnsy

Hi Jnsy, I think while waiting for yourself to finish paying off your debts. You should make full use of your current monthly savings to do some investments.

I can give you some tips and strategies to let your money to work harder for you ! I will leave my contact number at the bottom. Feel free to whatsapp me or call me.

Contact no. : <deleted>
Reply With Quote
  #9 (permalink)  
Old 30-11-2018, 11:45 PM
Junior Member
 
Join Date: Nov 2018
Posts: 2
Mentos is on a distinguished road
Default

My friend decided to buy bar in Germany and hired local people to work. He had a good friend in Berlin who was looking for a job so he made him manage the business and I must it is going well... Now they even think of buying second bar.
Reply With Quote
  #10 (permalink)  
Old 12-04-2019, 03:50 PM
Junior Member
 
Join Date: Apr 2019
Posts: 2
blacklightthy is on a distinguished road
Default

With your current achievements, I believe you might want to start to take a look at private property investments as it has seller commitments as compared to public housing. You might want to start small with a 1 bedder from a new launch that has higher capital appreciation, which suits your investment needs. And selling it away 3 years later it helps you to do forced savings and in fact earning the downpayment for your own future housing. I saw this cheapest new launch in 2019, there are tons of info in this developer site, you might want to check it out. Cheers https://www.thetreasureattampines-official.com/
Reply With Quote
Reply

Bookmarks

« 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
Earn Money By Downloading App MCWJ Marketplace and Find Work 0 02-07-2016 02:48 AM
how to earn money at this age? yz4 Investments and Net Worth 29 31-08-2013 09:13 PM
How do i earn more money $$$? icyboy Income and Jobs 7 21-06-2013 10:51 AM
Who will Inherit Your Money? Salary.sg Investments and Net Worth 1 02-03-2009 06:13 PM
Men, Divorcees Owe More Money Salary.sg Investments and Net Worth 0 14-06-2008 11:21 AM

» 30 Recent Threads
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,518 Replies, 636,919 Views
Compare civil service salary ( 1 2 3... Last Page)
8,172 Replies, 4,551,248 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
2,184 Replies, 794,697 Views
Lawyer Salary ( 1 2 3... Last Page)
4,328 Replies, 1,538,538 Views
Credit Suisse - Compliance... ( 1 2 3... Last Page)
108 Replies, 53,838 Views
Shell TDP ( 1 2 3... Last Page)
103 Replies, 31,326 Views
2019 Fresh Grad starting pay
6 Replies, 416 Views
Mid-Year Civil Servant Bonus 2019 ( 1 2)
16 Replies, 2,330 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,681 Replies, 3,372,156 Views
DBS Management Associate Program... ( 1 2 3... Last Page)
1,044 Replies, 140,757 Views
Working in HDB ( 1 2 3... Last Page)
291 Replies, 209,931 Views
How is life as a doctor in... ( 1 2 3... Last Page)
607 Replies, 653,529 Views
GovTech career grade ( 1 2 3... Last Page)
71 Replies, 69,386 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,398 Replies, 1,446,954 Views
Career as Teacher ( 1 2 3... Last Page)
1,653 Replies, 1,106,059 Views
How to get into Banking industry? ( 1 2)
18 Replies, 1,452 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,526 Replies, 392,769 Views
Salaries of Professors in SG ( 1 2 3... Last Page)
130 Replies, 198,929 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,328 Replies, 466,292 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
2,379 Replies, 1,113,954 Views
All about Home Affairs Senior... ( 1 2 3... Last Page)
160 Replies, 146,550 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
81 Replies, 16,415 Views
share your instant death at... ( 1 2 3... Last Page)
32 Replies, 13,048 Views
How much savings do you have? ( 1 2 3... Last Page)
1,242 Replies, 473,875 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
167 Replies, 128,691 Views
shipping from China to Singapore
0 Replies, 72 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
799 Replies, 593,082 Views
Enterprise Singapore hiriing... ( 1 2 3)
20 Replies, 6,693 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 07:39 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2019, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2