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Where would you invest your money at 25?

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Old 14-06-2018, 11:05 PM
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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!

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Old 15-06-2018, 12:09 AM
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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.

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Old 15-06-2018, 08:11 AM
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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.

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Old 18-06-2018, 12:09 AM
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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.
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Old 28-06-2018, 10:10 PM
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how about if have 50k to spare? where to invest
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Old 01-07-2018, 08:51 PM
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how about if have 50k to spare? where to invest
Buy 50K lump sum sti etf asap. Projected to continue rising
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Old 05-07-2018, 02:05 PM
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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%
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