How much savings do you have? - Page 90 - 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
  #891 (permalink)  
Old 09-02-2015, 09:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by samleong555 View Post
I feel so ashamed, only have 169K now in my bank.
Shameful indeed!

SHAME ON YOU!!!!

Reply With Quote
  #892 (permalink)  
Old 10-02-2015, 01:13 PM
Super Member
 
Join Date: Aug 2010
Posts: 335
lazyplane is on a distinguished road
Default

Can i check a few points on your post ?

1.From what you are posting, you are living in HDB worth around 400k and renting out your condo.

2. From your passive income, you are getting $45k which i take it to be from your equity ? If so, you are earning quite a bit from there as it is like 7% dividend return. - > Good call !

3. But if your passive income of $45k includes your rent, then are you double counting since your rent offset your condo loan ? Or are you using CPF OA to pay off your loan hence you see this $45k as cash inflow ?

4. If your 45k is strictly from rent, then your loan is approx 1m( assume 30 yr, 1.5% hence your condo is 1.2 million worth ?

5. All in all, your portfolio has a investment theme t ie equity+ property. So I presume you r know more than the average joe and have taken calculated risk for this strategy.


Quote:
Originally Posted by Unregistered View Post
Me (38) and my wife (35) combined,

Net worth: 1.6M comprise of
- Cash and deposits: 200k
- HDB net equity: 350k
- Condo net equity: 200k
- Stocks equity: 630k
- CPF OA+SA: 250k

Cash flow Per Annum
- Combined savings: 85k
- Passive income: 45k
- HDB loan: 12k
- Condo loan: zero, offset by rent.
- no other loans.

We have 2 kids and non-dependent parents.


Reply With Quote
  #893 (permalink)  
Old 11-02-2015, 03:18 PM
Unregistered
Guest
 
Posts: n/a
Default

47 yo uncle
Not much savings
CPF OA $40k
CPF SA $140k
CPF MA $42k
Cash savings $20k

Reply With Quote
  #894 (permalink)  
Old 11-02-2015, 04:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Why is your savings so little? Is it because you dont earn much? How much is your income?

By the way, dont call yourself uncle when you're only 47. Dont sell yourself short.


Quote:
Originally Posted by Unregistered View Post
47 yo uncle
Not much savings
CPF OA $40k
CPF SA $140k
CPF MA $42k
Cash savings $20k
Reply With Quote
  #895 (permalink)  
Old 11-02-2015, 05:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Male 29, married no kids.
80k in bank, 7k in securities, 30k in CPF.

4 room HDB, bought at 470k, currently servicing loan.
Reply With Quote
  #896 (permalink)  
Old 15-02-2015, 09:31 PM
Apple
Guest
 
Posts: n/a
Smile Need advice for more passive income pl

'O' level couple
Husband, 54, semi-retired due to health reasons.
Wife, 49, small biz owner, income around 60-80k pa
Condo 1.1m fully pd up
car loan 25k (decided not to pay up as there is no incentive)
Cash savings 700k in FD
Alt investments 400k
Stocks 200k
CPF OA/SA 100k, medisave, 80k
3 children in Sec & uni.

Our income has depreciated sharply from $250kpa to current $80k pa, due to poor market sentiments and hb poor health.

Is it a good time to pick up blue chips? Any recommendations pl.
Any gd advice to increase our passive income?
Thanks.
Reply With Quote

  #897 (permalink)  
Old 23-02-2015, 01:31 PM
Unregistered
Guest
 
Posts: n/a
Smile Savings

Age 34, married no kids yet.

Stock Investments: $50,000
FD $20,000

Car - Outstanding Loan $60,000
HDB - Market Value $530,000, Outstanding Loan $140,000

Hope to hit $100k investable net worth by end of the year.

Regards,
Reply With Quote
  #898 (permalink)  
Old 23-02-2015, 11:47 PM
No complaints :)
Guest
 
Posts: n/a
Default

Age 38, wife 36. Professionals with combined annual income of $400K

Investments:
Cash and stocks: $800K
Unit trusts and Cpf: $250K

Other assets:
Freehold terrace house: $2.6M
Luxury goods: $150K
Car: $50K

I think we are doing quite well for our age
Reply With Quote
  #899 (permalink)  
Old 24-02-2015, 11:52 AM
Unregistered
Guest
 
Posts: n/a
Default

49, earns $90k pa. Spouse, 45, stopped working due to health matters.
We bought our condo in 2005 for $700k, now it is worth $1.2m, paid up.
No car. One kid.
Our annual expenses is $60k pa.
We save $30k pa.
Cash and CPF funds $400k.
Our net worth $1.6m.
Our condo is our key retirement asset besides our CPF funds.
We are lucky to buy our condo at the right time.
Reply With Quote
  #900 (permalink)  
Old 24-02-2015, 12:04 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by No complaints :) View Post
Age 38, wife 36. Professionals with combined annual income of $400K

Investments:
Cash and stocks: $800K
Unit trusts and Cpf: $250K

Other assets:
Freehold terrace house: $2.6M
Luxury goods: $150K
Car: $50K

I think we are doing quite well for our age
Congrats on your achievements. Is the terrace house fully paid up? If not, how much is the remaining loan?
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
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,694 Replies, 847,325 Views
Career as Teacher ( 1 2 3... Last Page)
13,058 Replies, 8,772,658 Views
If you can't find a company here... ( 1 2 3... Last Page)
160 Replies, 76,847 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,795 Replies, 1,534,574 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,335 Replies, 4,717,497 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,254 Replies, 804,150 Views
Engineer Pay ( 1 2 3... Last Page)
688 Replies, 552,140 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,741 Replies, 1,504,920 Views
GovTech ( 1 2 3... Last Page)
8,862 Replies, 3,673,811 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
439 Replies, 869,476 Views
How is life as a doctor in... ( 1 2 3... Last Page)
10,976 Replies, 4,560,606 Views
Work culture in IHiS ( 1 2 3... Last Page)
928 Replies, 754,239 Views
Open Government Products (under... ( 1 2 3... Last Page)
31 Replies, 39,449 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,313 Replies, 780,608 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,802 Replies, 7,084,341 Views
JP Morgan ( 1 2 3... Last Page)
228 Replies, 256,066 Views
Lawyer Salary ( 1 2 3... Last Page)
22,503 Replies, 12,644,676 Views
ST Electronics ( 1 2 3... Last Page)
4,297 Replies, 2,108,759 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,730 Replies, 1,055,574 Views
ICA (under Home Affairs) ( 1 2 3... Last Page)
113 Replies, 268,594 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,584 Replies, 5,711,029 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,937 Replies, 1,854,248 Views
Whats your net worth ( 1 2 3... Last Page)
2,976 Replies, 1,544,439 Views
Compare civil service salary ( 1 2 3... Last Page)
17,004 Replies, 14,711,783 Views
Asking about the life in LTA &...
8 Replies, 1,630 Views
I have made some extra income,...
0 Replies, 284 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,301 Replies, 852,470 Views
WORK FROM HOME OR ANYWHERE (...
0 Replies, 358 Views
Roles in accenture singapore ( 1 2 3... Last Page)
9,112 Replies, 3,209,057 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,972 Replies, 3,295,786 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:29 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2