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How much savings do you have?

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  #1161 (permalink)  
Old 26-02-2017, 09:29 AM
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The schroder Asian income fund pays about 5% interest per annum. Every month can get interest. How is this avenue for parking idle funds? Is it safe?

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  #1162 (permalink)  
Old 28-02-2017, 09:01 PM
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26 turning 27

11.3k Equities
1.5k Bonds
2.4k Cash

Guess I'm seriously behind=(

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  #1163 (permalink)  
Old 02-03-2017, 12:52 AM
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40, wife 38

Cash, stocks and other financial assets $1.2M

Physical property $2.5M

Debt free, annual income $350k

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  #1164 (permalink)  
Old 15-03-2017, 02:16 PM
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hubby and I 33 yo with 1 kid.

combined liquid cash savings $200K.
Flat loan should finish by this or next year.
CPF investment combined 90K.
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  #1165 (permalink)  
Old 20-03-2017, 03:49 PM
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Quote:
Originally Posted by Unregistered View Post
Civil servant can do moonlight? I tot cannot right
Hi, I have the same question too. I'm in civil service too, any advices on how to do so without getting found out? I've even considered driving grab, but then they credit money to bank, so I'm afraid that we'll get found out.
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  #1166 (permalink)  
Old 01-05-2017, 05:39 PM
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38 yo single, 173k cash+stocks, 200k CPF, HDB flat worth 430k with 97k loan remaining.
So many rich people in this forum.. how did they manage to save up so much money?
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  #1167 (permalink)  
Old 01-05-2017, 07:58 PM
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Couple aged 46

Paid up OCR condo and car

Cash and stocks $1.5m
CPF all accounts $0.8m

Hope to work till 55 and get a second property for rental income
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  #1168 (permalink)  
Old 01-05-2017, 10:27 PM
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If you're gonna get a property at 55 I am assuming all cash? Why not just buy high yield stocks? at 3% yield (alot less minus prop tax and mcst) its a crappy investment unless you're hoping for capital gains

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Originally Posted by Unregistered View Post
Couple aged 46

Paid up OCR condo and car

Cash and stocks $1.5m
CPF all accounts $0.8m

Hope to work till 55 and get a second property for rental income
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  #1169 (permalink)  
Old 02-05-2017, 05:22 PM
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Originally Posted by Unregistered_101 View Post
If you're gonna get a property at 55 I am assuming all cash? Why not just buy high yield stocks? at 3% yield (alot less minus prop tax and mcst) its a crappy investment unless you're hoping for capital gains
What I meant is I plan to get a property next and target to fully paid by 55.

just thinking to have a mix of portfolio of stocks and property passive incomes
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  #1170 (permalink)  
Old 04-05-2017, 07:30 AM
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Wow, this is amazing! I found this old post I wrote in 2011. I was searching for some CPF details using google and they threw up this link.

6 years have gone by, just like that.

Just to update. I am still unassuming, still buying our groceries at NTUC, Cold Storage or Sheng Shiong. Still enjoys our regular coffee at the coffee shops. More white hair now.

More importantly, both my wife and I are still working.

Wealth wise, the last 6 years have been very good to us. We grew it by another $2m. This confirms that we are in the golden period of accelerated savings. And our passive income has also grown steadily the last 6 years to $150k pa.

Quote:
Originally Posted by common man View Post
I, 50+ yr old unassuming uncle you see regularly in the coffee shops or NTUC stores. Still working but think can retire. Wife also 50+ and working.

Combined CPF : 1M+ (700K OA, 300K SA, 79K MA)
Cars: 1 MPV and 1 Saloon (fully paid up)
Condo: 1.4M (4 bdrms, fully paid)
Condo: 1M (2 bdrms, fully paid and rented out)
Cash: 500K (cash, FD, Endowment, Single premiums)
Stocks: 300K (mainly bluechips)

Someone said older people have fewer needs. True. Can save 75% of monthly income
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