How much savings do you have? - Page 4 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




How much savings do you have?

Reply
 
Thread Tools
  #31 (permalink)  
Old 04-02-2011, 09:23 PM
Unregistered
Guest
 
Posts: n/a
Default

Just myself 48yrs : 1.3million cash, 500K stock/UT, 400K cpf. HDB paid for. No car. Work overseas.
Wife: Housewife.

Reply With Quote
  #32 (permalink)  
Old 05-02-2011, 11:10 AM
roadwar
Guest
 
Posts: n/a
Default

For me planing to marry this year

1 HDB fully paid
2 condo units mostly paid
cash 800k
stocks 2.5m
1 BMW mostly paid

Reply With Quote
  #33 (permalink)  
Old 05-02-2011, 12:17 PM
Mr d
Guest
 
Posts: n/a
Default

I'm 24 coming 25 in march.

Cash 2k
Stocks -nil-
Condo 800k
Bmw 150k with 50k loan left

Just bought myself an apartment. Feel really broke. But well, its the inevitable way to financial freedom!

Happy nw year to all!

Reply With Quote
  #34 (permalink)  
Old 05-02-2011, 12:31 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Mr d View Post
I'm 24 coming 25 in march.

Cash 2k
Stocks -nil-
Condo 800k
Bmw 150k with 50k loan left

Just bought myself an apartment. Feel really broke. But well, its the inevitable way to financial freedom!

Happy nw year to all!
How does an apartment give you financial freedom?
Reply With Quote
  #35 (permalink)  
Old 05-02-2011, 04:42 PM
Unregistered
Guest
 
Posts: n/a
Default

You are not truthful . Las Vegas never reached that price.
This conclude those who say the above are in la la land.
Reply With Quote
  #36 (permalink)  
Old 05-02-2011, 04:47 PM
Unregistered
Guest
 
Posts: n/a
Angry

Quote:
Originally Posted by Unregistered View Post
I am 34.

Cash: 159k
UT & Stocks: 0 at the moment.

sigh... actually in year 2010 (last year), my total expenses were around $80-100k. Otherwise, I would have $250k now.

Have been working for 10 years and actually could have saved $1k per mth easily, and that would mean about $120k till now. And the total projected savings should be $370k at current age.

Impossible? Not really. As mentioned, it is possible to save $1k per mth, and based on current age (10 years later), I will have $120k. Nothing surprising. I don't drive, don't smoke, social drinker. But during my early years of working, I indulged in gambling and lost every single cent I earned. Greed is the common word here.

Up to four years ago, my bank account was only $20k, but something very fortunate happened to me: the financial meltdown in 2008. I bought 3 lots of las vegas at $1.50 and sold them recently at $50 - which explains my current cash holdings at $159k.

I'm sorry for those who suffered during the crisis, but it brought me new life and I am treasuring it more.
you are not truthful . LAS VEGAS never reached to $1.50. you must be in la la land.
Reply With Quote

  #37 (permalink)  
Old 17-02-2011, 01:29 AM
Guest111
Guest
 
Posts: n/a
Default

This thread is the best i have ever read! So full of BS!! Gosh!
Let me add to it:

35, employee, male
Cash: 10 Million
CPF: 3million
Share: None
Property: The Sail own 3 levels, The Carribean 1 whole block, a couple of GCB at Bt Timah, all fully paid.
Car: 1 fully paid rolls royce with chauffer, 1 fully paid mustang, 1 fully paid lambo & 1 fully paid maserati. quite humble collection.
Reply With Quote
  #38 (permalink)  
Old 17-02-2011, 09:50 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Guest111 View Post
This thread is the best i have ever read! So full of BS!! Gosh!
Let me add to it:

35, employee, male
Cash: 10 Million
CPF: 3million
Share: None
Property: The Sail own 3 levels, The Carribean 1 whole block, a couple of GCB at Bt Timah, all fully paid.
Car: 1 fully paid rolls royce with chauffer, 1 fully paid mustang, 1 fully paid lambo & 1 fully paid maserati. quite humble collection.
Can you teach me how to make so much money?
Reply With Quote
  #39 (permalink)  
Old 17-02-2011, 10:39 AM
Unregistered
Guest
 
Posts: n/a
Default

i chanced upon this website from a URL referral from another website. find it interesting and hence i leave this comment here.

me 37 working, wife 38 housewife, 3 kids

cash: 3.1 million
stocks: 679k
cpf: 320k
condo: NONE
hdb: bought in 1996 when earning <5k salary, left 78k hdb 16yr of loan
cars: 2x >3Litres conti cars

now, before anyone say this is bullsh1t, i will tell you the way to go.

NEVER buy into the singaporean dream of condo and property, its heavily manupilated by the govt, the small market and its developers. stocks are liquid enough and good when everyone is in fear. how to see this? when you see people dumping their fancy properties and ferraris at firesale price. BUY! i admit i am not an expert, but i use a 8 mth lead moving averages of indices to all sgp asset prices. it worked the last 2 recession. however, i must also admit that now, with massive dollar printing all over the world, holding cash now is worrisome too but i will still NOT buy singapore properties no matter what. stay in HDB, take hdbloan of 2.6% if your salary level permits. earn enough $ and relax out of the rat race like me. i am taking 20k salary per month now with minimum 2month AWS until the day i decide to quit going to office.

live long and prosper. good luck.
Reply With Quote
  #40 (permalink)  
Old 17-02-2011, 11:38 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
i chanced upon this website from a URL referral from another website. find it interesting and hence i leave this comment here.

me 37 working, wife 38 housewife, 3 kids

cash: 3.1 million
stocks: 679k
cpf: 320k
condo: NONE
hdb: bought in 1996 when earning <5k salary, left 78k hdb 16yr of loan
cars: 2x >3Litres conti cars

now, before anyone say this is bullsh1t, i will tell you the way to go.

NEVER buy into the singaporean dream of condo and property, its heavily manupilated by the govt, the small market and its developers. stocks are liquid enough and good when everyone is in fear. how to see this? when you see people dumping their fancy properties and ferraris at firesale price. BUY! i admit i am not an expert, but i use a 8 mth lead moving averages of indices to all sgp asset prices. it worked the last 2 recession. however, i must also admit that now, with massive dollar printing all over the world, holding cash now is worrisome too but i will still NOT buy singapore properties no matter what. stay in HDB, take hdbloan of 2.6% if your salary level permits. earn enough $ and relax out of the rat race like me. i am taking 20k salary per month now with minimum 2month AWS until the day i decide to quit going to office.

live long and prosper. good luck.
Great advice. Don't worry about holding SGD, cos I think it is strong and will stay strong against other currencies. Govt is strengthening SGD to fight inflation.

I have a question though: where do you get data for "indices to all sgp asset prices" ?

So when the "8 mth lead moving averages" is bottoming, you start to buy? How do you know it's bottoming? Do you overlay another moving average so that when the 8-mth crosses it, you start to buy?

Thanks for the superb advice.
Reply With Quote
Reply

Bookmarks

Tags
condo, cpf, house, retirement, savings, shares, stocks

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Not enough savings for retirement Salary.sg Investments and Net Worth 0 14-05-2007 07:59 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
21,827 Replies, 11,510,217 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
20,990 Replies, 6,229,433 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,420 Replies, 2,812,373 Views
OKX SuperNova Graduate Program ( 1 2 3... Last Page)
275 Replies, 149,239 Views
How is life as a doctor in... ( 1 2 3... Last Page)
8,620 Replies, 3,947,176 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,547 Replies, 1,309,229 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,786 Replies, 1,638,365 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,525 Replies, 5,204,407 Views
Civil Servant Year-End Bonus ( 1 2)
18 Replies, 14,186 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,302 Replies, 623,906 Views
Career as Teacher ( 1 2 3... Last Page)
12,216 Replies, 7,747,324 Views
Compare civil service salary ( 1 2 3... Last Page)
16,723 Replies, 13,605,362 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
389 Replies, 451,968 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,635 Replies, 884,683 Views
8 Months Bonus for Northwest CDC... ( 1 2 3)
20 Replies, 7,346 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
1,058 Replies, 647,175 Views
ST Electronics ( 1 2 3... Last Page)
4,084 Replies, 1,848,826 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,399 Replies, 5,233,749 Views
Job Application with MOE... ( 1 2 3... Last Page)
533 Replies, 720,842 Views
PSA International ( 1 2 3... Last Page)
131 Replies, 122,483 Views
HSBC Bank ( 1 2 3... Last Page)
72 Replies, 131,990 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,037 Replies, 4,303,574 Views
Engineer Pay ( 1 2 3... Last Page)
672 Replies, 510,966 Views
GovTech ( 1 2 3... Last Page)
6,977 Replies, 2,939,664 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,954 Replies, 3,108,385 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,065 Replies, 576,848 Views
Micron starting pay ( 1 2 3... Last Page)
712 Replies, 460,167 Views
Work culture in IHiS ( 1 2 3... Last Page)
862 Replies, 661,654 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,435 Replies, 988,518 Views
Maritime and Port Authority of... ( 1 2 3)
23 Replies, 27,715 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:54 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2