I’m a Fch lawyer.

Looking for advise
 

45 y/o, 55k gross per annum
Property equity - a condo ~500k (mortgage outstanding ~650k) installment monthly ~$2.4k (cpf+cash) already own stay 8yrs (will keep staying and service mortgage if capable)
Two kids 12 & 10 yrs
CPF- OA ~5k, SA -70k & MS ~50k
Cash- ~20k
Career- associate technician in o&g
Spouse- 42 y/o no working (~60k cash+cpf)
Household expenses- tight budget
Other debt- nil
Target retirement age - no plan
Target saving plan - no plan
Insurance plan - only family hospitalization plan
Passive income- nil
Bto eligibility - first timer
What will you do to prioritize in accordingly? Had plan to downgrade to a HDB if unable to service condo mortgage or without income to pay monthly mortgage.

By "first timer", do you mean that you have never owned a HDB previously? If so, when you downgrade, you may need to wait 2.5 years before you can BTO.

Free tickets and investment book worth sgd$200
 

For those who know me, I have always emphasized on generating multiple streams of income. I met Sean Seah Ex-CEO of Value Investing College recently and we were talking about building various streams of income.

He mentioned that he is challenging 5 different investors to prove if they can make $10000 in 10 days and they have taken up the challenge and will be sharing in this on 2 Nov in Expo and the entry ticket is US$97.
After some pestering, I managed to secure 30 FREE tickets for my friends and we have 16 tickets left currently.

Besides that, I have asked him to give out this best selling book in Amazon.com call FINANCIAL JOY 2.0 (Retailing for SGD$49.90)

So, please register fast before the FREE ticket and book is fully redeemed. Click the link below here free entry s://10k10days.eventbrite.sg?discount=Ed55

36 yo

Cash - $100k
CPF - $3k
1 fully paid hub
1 condo valued at $1.2m, loan ~$500k
1 car fully paid
2 kids

You sound desperate to give away a wonderful package and idea in achieving a high passive income.

Age: 45
Savings: 1.45mil
Cpf: 500k
Landed bungalow: fully paid
Passive income: 4d and big sweep

Mid 40s female GP locum, married with 2 kids.

Cash : S$85k
Stocks : S$80k
CPF : S$392k
3 bedder freehold condo worth S$1.35 mil at least with S$370 k loan left.
Freehold JB semi D worth S$500k fully paid up.
1 year old Toyota altis car with S$65k loan left

Networth about S$1.2 mil.

Income variable as self employed about S$10k a month

Hubby also income S$10k a month with similar or slightly higher networth.

This forum seem to have attract many dua bao xian AKA big canon... Fort caning canon all also kana shoot down liao.. On the other side it actuslly motivate me to keep going...

Peace out.

Anw im 28 married with 1 kid.

Cash 40k
CPF 20k after bto wipe out.
Investment 25k

Heavily in hdb and car loan debt, another true story from a typical Singaporean.

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.

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

that’s quite impressive.

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.

this is quite impressive. what do you do for a living.

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 ?

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.

48 & 49 yo
Cash & stocks $1.5 M
CPF $600 k
1 paid condo and 1 BUC (1.3 M o/s)
1 paid car

We intend to work till 55 which should end up with both condo fully paid while cash/stocks/cpf continue to grow.

29

Cash 85k
CPF 120k (incl SRS)
Equity 33k
1 paid up Korean car
Living w parents but view to moving out 1-2 yrs

30

Cash 125k
CPF 320k
SRS 30k
Equity 232k
Bonds 103k
1 paid up Korean car
Living w parents as well but plan on moving out soon. Either rent or purchase a property.

29

Cash 980k
CPF 450k
SRS 50k
Equity 1m
Bonds 478k
1 paid up Korean car
Moved out from parents house recently into 1rm condo fully paid with my chiobu model gf

27

Cash 350k
CPF 300k
SRS 200k
Equity 4m
Bonds 800k
2 paid up Bentley
Fully paid 3 rm condo with my russian girlfriend because only losers live with parents

Age 32.

I fully paid bungalow.
Cash. 3.4milion.
Cpf. 300000
2 Audi and 1 bmw convertibles.

Glad that my parents die so early. Inheritance so much from them. Can enjoy life now.

2 x semi D
3 private jets parking at Seletar air port.
$980000 cash
Cpf $80000
4 Mercedes fully paid
1 apartment at Sentosa cove with 2 private yacht.

36 years old.

Serious advice needed
 

Hi, 30+ yo Singaporean male seeking genuine advice from the 40s-60s age group here. Professional finance job making 100k pa. Currently deciding between chasing two very different girls. First girl is diploma holder, secretary role, 小女人 type and submissive, earning 40k pa. Second girl is degree holder, a colleague in a similar role and pay (different office), career-minded, a little opinionated. I'm not big on looks, its just the personalities I'm interested in to form a family with. Both seem receptive to my wooing.

For those who has decades of married life experience, which girl would give a better shot at a successful and happy life in SG? I had NS friends who are happily married to foreign kampung-types brides and also some unhappy with marrying high-achieving types despite living in condos and driving conti cars. Thanks for sharing your life advice.

Hi,

My advise is to marry a wife that would give you support, encouragement and you would be successful.

Don't marry just for looks, smart or big boobs.

Supportive wife is the most important imo.

Wow.. it's amazing how many HNWI individuals are here on a salary forum. Spending time here must be the key to your riches!

27

Cash: 74k
Investments: 15k
OA: 59k
MA: 21k

Paid - 20k Cash for Degree, 2 years ago & 17k CPF on BTO, last year.

Don't be fooled. Most of it are lies. You can be anyone on the internet anonymously

couple both aged 50
stocks cash and srs - $1,3 mil
cpf all - $1,2 mil
paid ppty 1 - $1,3 mil
buc ppty 2 - $2,3 mil (paid 40%)
cash on hand - $0,6 mil
hope to retire in 5 years time

29F, local grad, single
drawing $4k/mth but joining new firm with a 25% increment in may 21

$135k cpf
$100k cash
$120k equities

most of my net worth was accumulated from savings, only started to dabble in investments during covid-19 period; looking towards FI without RE

Singaporean women should donate a portion of the income they earn in their first 2 years of their career to men. So unfair for women to have an earlier head start in life. 2 precious years. And don’t talk those ******** about women having to give birth etc - the fact is childbearing is not enforced but men are forced to go through 2 years of hell in the army.

Age 49 and single

Savings - $103k
Cpf ordinary acct - only $ 83k

Feel my cpf not adequate enough for my age

Anyone face this kind of situation like me?

Triggered sinkie male...accept ur slave life

where did ur money go?

If you mean why cpf ordinary amt is less, bcos during young I did a lot a lot of free lance job without cpf

Transfer to SA or invest using roboadvisor.

Wow so much. I’m 31 M and I don’t even have 20k

Thanks, I understand where you coming from, take advantage of the CPF SA. 4%, Would benefits esp once reaches 65 years old

The Delimma I am having now is within these few years before I turn 55, I have to invest in a 2 Rm bto flexi b4 the funds get lock in for retirement, hence there is a shortage of cash involved. That's the most concerned part

Investment carries risk, doesn't necessary carry returns esp now trying hard period
Never heard abt robo advisor much, how it works? Or any advise any investment performing steadily during these period for my reference?

You are free to give up your Singaporean citizenship and seek assylum elsewhere like Amos yee. Then you can skip NS. All's fair.