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14-06-2012, 06:22 PM
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Millionaire Member
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Join Date: Sep 2011
Posts: 275
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Quote:
Originally Posted by Unregistered
Age late 30s with spouse no kid. household profile:
1 hdb $500k (fully paid)
1 pc $1.7m ($1.3m mortgage)
cpfoa+srs $110k
cash $270k
stocks+funds $375k
annual income $450k |
Get rid of HDB flat and get another private property?
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14-06-2012, 08:29 PM
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Quote:
Originally Posted by Hermit
Get rid of HDB flat and get another private property? |
too much risk
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15-06-2012, 11:08 AM
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Quote:
Originally Posted by Unregistered
Savings is very impt in order to have the first pot of gold, for investing. And one should start to save early. Just 10 years ago, if you had saved $50K cash and $50K in CPF, you would be able to afford a 20% downpayment and buy a 1200 sqf suburban condo for $0.5m. This condo will be worth $1m now and you would have made at least $300-400K (after deducting for interest, stamp duty, other misc costs) from your $50K cash and $50K CPF. Few years ago, many shares including blue chips are selling below their NRV but many are too fearful to buy. Those who bought the shares then would have made at least a few folds by now.
I believe some of the stories and claims are true although I also find it rather increduous that there are so many millionaires contributing their success stories in this forum. |
My sentiments exactly.well put.
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17-07-2012, 12:01 PM
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husband and wife in late 30s. ~1m cash + stocks.
quite happy with this achievement. we weren't high earners for a long time.
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05-08-2012, 02:29 PM
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37 yo working for 11 years
10K in cash
170K in stocks
100K in CPF investment
130K in CPF
currently single, never own a house and car before.
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05-08-2012, 04:03 PM
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Quote:
Originally Posted by Unregistered
37 yo working for 11 years
10K in cash
170K in stocks
100K in CPF investment
130K in CPF
currently single, never own a house and car before. |
quite low in cash, but otherwise very average for a 37 yo.
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05-08-2012, 10:07 PM
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Married, mid 30s.
200K stocks, 600K cash, 1.5M home value net of loan.
Comfortable but still far from being financially free
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06-08-2012, 05:53 AM
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40's couple
4 room HDB flat, fully paid, now worth $500k
50k cash, $100k CPF
Annual income combined $100k
Can we upgrade to a condo?
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06-08-2012, 07:17 AM
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Quote:
Originally Posted by Unregistered
40's couple
4 room HDB flat, fully paid, now worth $500k
50k cash, $100k CPF
Annual income combined $100k
Can we upgrade to a condo? |
Yes why not? Go for the mass market ones.
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