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How much savings do you have?

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  #1291 (permalink)  
Old 22-10-2019, 01:24 AM
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combined. early 40s.

cash $2.1M
stocks $3.3M
bonds $1.2M
real estate (2 condos, 1 shop house, 1 office, 1 retail) $10M
other illiquid investments (private equity, wine, watches) $5M
crypto currencies $500k

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  #1292 (permalink)  
Old 26-10-2019, 08:57 PM
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Originally Posted by Unregistered View Post
36yo

Stocks bonds and cash: 480K

Take bus to work daily.

Current passive income at 2K pm. Hope to resign from current stressful job by 40, where I hope I have achieved a passive income of around 3 to 4K pm. Then will apply for a simple and less stressful 8 to 5 admin job at any office. Salary 1.5 to 2K pm those type will do.
thatís quite impressive.

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  #1293 (permalink)  
Old 03-11-2019, 10:50 AM
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I am 24 y/o fresh grad just started working recently. I have 10k as emergency fund in dbs multiplier account., 2k for normal savings account (for spending). Planning to just channel 33% of my monthly pay into savings/emergency, 66% of my monthly salary into reits. Anyone thinks its a good idea?

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  #1294 (permalink)  
Old 04-11-2019, 07:12 PM
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Quote:
Originally Posted by Unregistered View Post
I am 24 y/o fresh grad just started working recently. I have 10k as emergency fund in dbs multiplier account., 2k for normal savings account (for spending). Planning to just channel 33% of my monthly pay into savings/emergency, 66% of my monthly salary into reits. Anyone thinks its a good idea?
Portfolio concept wise - ok. U should add CPF contribution as well then u can see that your portfolio is probably balanced. 50% savings / 50% REIT&Equity

I will also time the injection into REITs and equity.
There are those that say you cannot time the market. Well, but i cant stand to see losses so i only enter when i am more confident the direction is right. Otherwise, any stupid robot also can invest.
U also need to keep balancing the portfolio every 6 -12 months. ie if you did not execute any trades in 6 months due to conservative behaviour, then inject some at the 6/12 month mark and rebalance REITs with growth stock when the market is on the uptrend. Current market sentiment is very down so growth stocks are all taking a beating.

Whatever i dont inject goes into war chest that will be deployed when i view the timing is right.
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  #1295 (permalink)  
Old 04-11-2019, 08:34 PM
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Quote:
Originally Posted by Unregistered View Post
combined. early 40s.

cash $2.1M
stocks $3.3M
bonds $1.2M
real estate (2 condos, 1 shop house, 1 office, 1 retail) $10M
other illiquid investments (private equity, wine, watches) $5M
crypto currencies $500k
this is quite impressive. what do you do for a living.
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  #1296 (permalink)  
Old 07-11-2019, 12:59 AM
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44 & 49 yo

Cash : 700k
CPF : 680k (OA + SA)
No investments
1 condo (460k o/s loan) and 1 hdb (fully paid)
1 car

Posibble to retire ?
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  #1297 (permalink)  
Old 08-11-2019, 10:40 AM
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Can retire if you deploy your cash for safe investment.

HDB rental should be easily $2-$2.5K/mth.
CPF interest: $24-28K/year

My networth and age is similar to yours except only have one HDB living in it.


Quote:
Originally Posted by Unregistered View Post
44 & 49 yo

Cash : 700k
CPF : 680k (OA + SA)
No investments
1 condo (460k o/s loan) and 1 hdb (fully paid)
1 car

Posibble to retire ?
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