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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)

Unregistered 03-04-2015 04:33 PM

Turning 37 soon, single

Shoebox apt worth 650-670k (mortgage 433k)

Cash 350-370k

Zero car loans, except insurance policy.

Any better suggestions

Unregistered 03-04-2015 06:06 PM

Quote:

Originally Posted by Unregistered (Post 64945)
Turning 37 soon, single

Shoebox apt worth 650-670k (mortgage 433k)

Cash 350-370k

Zero car loans, except insurance policy.

Any better suggestions

You seem to be holding more cash than your expenses demand, assuming typical liabilities and spending for one who is single.

Consider long-term investments in blue chips (i.e. adopt a buy and hold strategy, rather than do speculative trading) for income at yields much better than saving accounts or FDs can offer, before inflation erodes their value.

In case you are wondering whether I practise what I preach, I am a few years younger than you, and I hold only 15% of my liquid assets in cash, and 85% in equities generating about 6.5% yield pa. I still have a mortgage of about $700k, but I have a very stable job, so I don't worry too much about income loss and don't really see the need for a huge emergency fund. The dividends from my stocks can also cover over 50% of my monthly mortgage. I am also mentally prepared to liquidate some of my shares (even at a loss) if my emergency fund runs out.

I do not know, however, whether this is the best time for one to begin investing in the stock market. My existing stock holdings were all purchased quite a while ago, and I haven't been monitoring the markets very closely, but they do seem a little toppish.

Unregistered 03-04-2015 07:08 PM

Quote:

Originally Posted by Unregistered (Post 64946)
You seem to be holding more cash than your expenses demand, assuming typical liabilities and spending for one who is single.

Consider long-term investments in blue chips (i.e. adopt a buy and hold strategy, rather than do speculative trading) for income at yields much better than saving accounts or FDs can offer, before inflation erodes their value.

In case you are wondering whether I practise what I preach, I am a few years younger than you, and I hold only 15% of my liquid assets in cash, and 85% in equities generating about 6.5% yield pa. I still have a mortgage of about $700k, but I have a very stable job, so I don't worry too much about income loss and don't really see the need for a huge emergency fund. The dividends from my stocks can also cover over 50% of my monthly mortgage. I am also mentally prepared to liquidate some of my shares (even at a loss) if my emergency fund runs out.

I do not know, however, whether this is the best time for one to begin investing in the stock market. My existing stock holdings were all purchased quite a while ago, and I haven't been monitoring the markets very closely, but they do seem a little toppish.

Thanks for the feedback,

However I'm a noob in stocks and shares. Don't know where to start it off

Unregistered 03-04-2015 07:47 PM

Our retirement fund allocation (late 30s):

Cash: $460K
Stocks: $270K
Fixed income: $220K
Cpf: $50K

Unregistered 03-04-2015 08:25 PM

Quote:

Originally Posted by Unregistered (Post 64949)
Our retirement fund allocation (late 30s):

Cash: $460K
Stocks: $270K
Fixed income: $220K
Cpf: $50K

How come your cpf is so little?

How much is you and wife's (combined) cpf OA, SA and MA?

Is your condo paid up in full or still got loan? How much loan left?

Unregistered 03-04-2015 09:00 PM

Quote:

Originally Posted by Unregistered (Post 64946)
You seem to be holding more cash than your expenses demand, assuming typical liabilities and spending for one who is single.

Consider long-term investments in blue chips (i.e. adopt a buy and hold strategy, rather than do speculative trading) for income at yields much better than saving accounts or FDs can offer, before inflation erodes their value.

In case you are wondering whether I practise what I preach, I am a few years younger than you, and I hold only 15% of my liquid assets in cash, and 85% in equities generating about 6.5% yield pa. I still have a mortgage of about $700k, but I have a very stable job, so I don't worry too much about income loss and don't really see the need for a huge emergency fund. The dividends from my stocks can also cover over 50% of my monthly mortgage. I am also mentally prepared to liquidate some of my shares (even at a loss) if my emergency fund runs out.

I do not know, however, whether this is the best time for one to begin investing in the stock market. My existing stock holdings were all purchased quite a while ago, and I haven't been monitoring the markets very closely, but they do seem a little toppish.

How much dividends reckon based on my principle amount could achieve..if put in stocks
Thanks

Unregistered 03-04-2015 09:49 PM

Quote:

Originally Posted by Unregistered (Post 64955)
How much dividends reckon based on my principle amount could achieve..if put in stocks
Thanks

It depends on your dividend yield (%), which in turn depends on your choice of stocks and entry price.

You can refer to ://.investmentmoats.com/DividendScreener/DividendScreener.php for the yield at the given price and dividend for the top dividend-yielding stocks on SGX.

Assuming a conservative 5% yield p.a., a principal amount of $300k would yield $15k in dividends a year.

Unregistered 03-04-2015 09:55 PM

Quote:

Originally Posted by Unregistered (Post 64951)
How come your cpf is so little?

How much is you and wife's (combined) cpf OA, SA and MA?

Is your condo paid up in full or still got loan? How much loan left?

Still have $500K loan on our $2.6M landed property. The loan repayment is quite manageable, less than 10% of my monthly income.

Unregistered 07-04-2015 10:10 AM

serious anot? i think 80% of the people her just bullshitting

Unregistered 07-04-2015 10:31 AM

Quote:

Originally Posted by Unregistered (Post 65133)
serious anot? i think 80% of the people her just bullshitting

Are you one of those ppl who think something is not possible because u urself cannot achieve it?

Hahahahaha.


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