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-   -   How much savings do you have? (https://forums.salary.sg/investments-net-worth/1199-how-much-savings-do-you-have.html)

citizen 01-03-2012 11:23 AM

cash :1.8m
watches 50k
endowment:500k
CPF: 400k
jap car & EC fully paid

husband & wife (early 30s)

Unregistered 01-03-2012 12:52 PM

Quote:

Originally Posted by citizen (Post 21569)
cash :1.8m
watches 50k
endowment:500k
CPF: 400k
jap car & EC fully paid

husband & wife (early 30s)

what do you work as? or is the money from inheritance?

SGD 2M couple 01-03-2012 01:10 PM

Quote:

Originally Posted by Unregistered (Post 21541)
Hey, You guys are scary. I am 31 this year. Single. But monthly income has been about SGC 4.5 - 5.5k/mth for the last few years. But I have only managed to save the following:

Cash: $110K
CPF: $130K (including SA and medisave)
Stocks, Preference Shares, Bonds: $30K
Endowment funds: $40K

I will be hopping on to another job that pays me an annual package of $90K per annum. But I have no idea how you guys can have a net worth of close to SGD 1 million when you are older than me by 5 to 6 years. Are you guys sure you are talking about SGD and not some other currencies?

Would like to hear more from you guys.

Thanks

for people with above average (but not super high) salaries, you need some luck with investments.

here's how my wife and i did it (we are mid-30s):

SGD 800K in cash and cpf savings over 11+ years of working (this is probably quite achievable for most graduate couples with consistent promotion and increments). i tried to save as much as possible during my earlier working days

SGD 850K realized profit from property investment between 2004 and 2007 (dumped all our cash into property in 2004 with quite a bit of leverage, and selling high in 2007 when prices more than doubled)

SGD 500K realized profit from property investment between 2009 and 2011 (bought and sold 2 condos when the property market started recovering after mid-2009)

right now we own 1 property for own stay, with about 750K in cash on standy for the next crash

citizen 01-03-2012 01:33 PM

1.8m mostly from property investments.
just profited 1m nett from a landed sale and 300k on a CBD condo sale.
i am an engineer with income close to 100k annually
stable job and stable pay will not get you far.
Make the right property call and you will see your returns.
property prices r toppish and i have cashed out my investment properties.
1.8m+400k cpf waiting for the market to crash.

cheers.

Unregistered 01-03-2012 01:36 PM

[QUOTE=citizen;21587]1.8m mostly from property investments.
just profited 1m nett from a landed sale and 300k on a CBD condo sale.
i am an engineer with income close to 100k annually
stable job and stable pay will not get you far.
Make the right property call and you will see your returns.
property prices r toppish and i have cashed out my investment properties.
1.8m cash+400k cpf waiting for the market to crash.

cheers

Unregistered 01-03-2012 01:57 PM

Quote:

Originally Posted by citizen (Post 21587)
1.8m mostly from property investments.
just profited 1m nett from a landed sale and 300k on a CBD condo sale.
i am an engineer with income close to 100k annually
stable job and stable pay will not get you far.
Make the right property call and you will see your returns.
property prices r toppish and i have cashed out my investment properties.
1.8m+400k cpf waiting for the market to crash.

cheers.

thanks for sharing. besides the 1m and 300K profit from property, how did you accumulate the rest? it's still a lot relative to your age and income.

citizen 01-03-2012 03:13 PM

i profited from previous property transactions, job bonuses and stock options

Unregistered 03-03-2012 06:04 PM

37
Cash 1m
Cpf 250k
Watches 50k
Car 0.15 m ( fully paid)

House 2.25m
Less loan 1.4m
Net 850k
Total worth 2m

Bulk of funds from property profits and unrealized value (est 700k) and salary 400kpa

Unregistered 03-03-2012 06:53 PM

Quote:

Originally Posted by Unregistered (Post 21167)
Male, Single 26 getting married in 3 years

Cash - 25K
CPF - 30K
Equities - 5.1K
Watches - 20K
No loans, car, house. Earning 3 Plus a month in the civil service. Gross income for 2010 was 47K Gross. Projecting a 49K Gross Income for 2011.

Please tell me what kind of position am i in, good, bod or average.

Thanks all who give constructive advice!

well, you're definitely not the worst.

I'm male, Single, 28, in IT line, doubt I can afford to marry.

Cash: 5k
CPF: Don't mention
No loans,car,house. earning 42k/annum gross income.

Unregistered 03-03-2012 10:33 PM

Quote:

Originally Posted by Unregistered (Post 21733)
well, you're definitely not the worst.

I'm male, Single, 28, in IT line, doubt I can afford to marry.

Cash: 5k
CPF: Don't mention
No loans,car,house. earning 42k/annum gross income.

Get into pre-sales, then sales. No point competing with apnn. They completely dominate the low end programming jobs and the high end banking technology and operations jobs.


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