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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)

Reporter 19-01-2011 11:38 AM

How much savings do you have?
 
Let's compare cash savings and stocks. Reason for the inclusion of the latter is that it is highly liquid.

As we all know, such savings come in handy during times of crisis, whether it's to tide over a job loss or to buy things on the cheap.

Unregistered 19-01-2011 11:43 AM

me and my wife, both mid-thirties:

600k cash
200k singapore shares

Unregistered 21-01-2011 04:04 PM

Me & wife (mid-thirties)

750K Cash
100K Shares

Stays in HDB (fully paid) with a Japanese Car (fully paid)

Unregistered 22-01-2011 05:18 PM

Combined

Cash S$250K
Stocks S$300K

Unregistered 31-01-2011 10:56 AM

age 42.
excluding wife.
cash/cash equivalent - 750 US$
car fully paid, 2 properties, fully paid.

salaried workers 31-01-2011 04:51 PM

combined with my wife around SGD 1M in cash/liquid assets.

also own a freehold terrace house near marine parade.

mid-30s.

Joseph Koh 01-02-2011 11:29 AM

Single
Early 30s
Cash 410K
Stocks 830K

Unregistered 01-02-2011 11:42 AM

Combined

Me 34 wife 31

1 fully paid shophouse Toa Payoh
2 80% paid condo units in Novena

Cash close to 1 million
Stocks and bonds 300k

Unregistered 01-02-2011 11:50 AM

Me & Wife

Cash: $200K
Stocks: $100K

Smart Money 01-02-2011 12:57 PM

Wife and me 30 this year

$250k cash
$150k unit trust
$100k stocks
Another Aussie $ structure deposit of A$70k

1 jap car fully paid and hdb half paid

Unregistered 01-02-2011 05:01 PM

Age 40

Cash - 350k
Stocks - 230k

Car in Australia, house in Australia, Japan

Unregistered 01-02-2011 05:06 PM

Please lar, you people here really know how to tua pao xian. All say easily net worth got at least 500k to 1+million before 40 years old. My toes are laughing lar. If you say you mid 30s @ 35 years old, for guys only work around 10 years after graduation, come & talk cock you got 500k in cash stocks property!? You need to save minimum 50k per year nia, I think most of you donít even have take home pay of 50k per year after working 10 years

And dun need to come up with the usual BS of being a market wizard or property flipper. This kind I hear everyday from people who during lunch claim they financial tyco, then after lunch go back tio gan by boss just to make that miserable 4k per month -__-

Unregistered 02-02-2011 12:00 AM

Quote:

Originally Posted by Unregistered (Post 9247)
Please lar, you people here really know how to tua pao xian. All say easily net worth got at least 500k to 1+million before 40 years old. My toes are laughing lar. If you say you mid 30s @ 35 years old, for guys only work around 10 years after graduation, come & talk cock you got 500k in cash stocks property!? You need to save minimum 50k per year nia, I think most of you donít even have take home pay of 50k per year after working 10 years

And dun need to come up with the usual BS of being a market wizard or property flipper. This kind I hear everyday from people who during lunch claim they financial tyco, then after lunch go back tio gan by boss just to make that miserable 4k per month -__-

Haha nice one. But unfortunately you are the one who gets laughed at eventually. You should stick to EDMW.

Unregistered 02-02-2011 02:38 AM

Quote:

Originally Posted by Unregistered (Post 9255)
Haha nice one. But unfortunately you are the one who gets laughed at eventually. You should stick to EDMW.

Well at least it's 3a and not 3b, based on the following protocol created by someone in the thread "How much are you earning per annum?"

Quote:

Originally Posted by Unregistered (Post 9129)
Step 1 - Bored at work so come into salary.sg and look at salary thread.

Step 2 - Read posts. If salary stated is lower than own salary, feel smug and find something else to do. If salary of posters is higher than own salary, take offence and go to step 3.

Step 3 - EITHER:

a. criticise the post which offended you and claim that the poster is lying. Depending on amount of free time, engage in flame war

OR

b. create own bullshit post with an outrageously high fantasy salary to piss other people off.

Step 4 - 'Rebel' by posting outrageously low salary to make political statement about the plight of the poor in Singapore.


Unregistered 02-02-2011 08:37 AM

Ok, this is mine and its the honest truth.

Me - 31 yr old
wife - 29 yrs old

cash - 40k
stock - 0k
car - worth 90k now - 50k of loan left
condo - worth 1.2 mil...700k of loan left
commercial property - worth 300k - 200k of loan left

is this stupid? with so little cash

Unregisteredtounreg 02-02-2011 08:58 AM

Wow how did you manage to get a commercial property at 300K?

Mine (honest truth)

Age: 31(me)/28(wife)

Cash: 25K
Stocks: 50K
Condo: Worth 900K (loan left 500K)
Condo: Worth 1.1 M (loan left 800K)

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.

Unregistered 02-02-2011 09:21 AM

Quote:

Originally Posted by Unregisteredtounreg (Post 9261)
Wow how did you manage to get a commercial property at 300K?

Mine (honest truth)

Age: 31(me)/28(wife)

Cash: 25K
Stocks: 50K
Condo: Worth 900K (loan left 500K)
Condo: Worth 1.1 M (loan left 800K)

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.


there are... office spaces (1000 sq ft) at launch prices from developers

Unregistered 02-02-2011 09:54 AM

Quote:

Originally Posted by Unregisteredtounreg (Post 9261)

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.

You another super tua kang one. To save 50k once you graduate means 4.2k per month, add back another $900 on CPF and that means you need to make 5.1k on your first job even if you don't spend a single cent.

Even if I assume you some super saver who save 70% of your salary on your first year of work, it will mean that your first year job after graduation is $7300 per month! Thanks for the laughs...

Unregistered 02-02-2011 10:04 AM

I am more a unit trust guy.

Not married at 33

Cash 180k
Unit trust, fund, ilp combine: 550k

Unregistered 02-02-2011 10:06 AM

Thanks unregistered, it looks like the commercial property markets are overheating but still worth a look.

earn more, save more, what's the big deal? You are pathetic! Hahahahaa

Unregistered 02-02-2011 10:08 AM

Quote:

Originally Posted by Unregistered (Post 9260)
Ok, this is mine and its the honest truth.

Me - 31 yr old
wife - 29 yrs old

cash - 40k
stock - 0k
car - worth 90k now - 50k of loan left
condo - worth 1.2 mil...700k of loan left
commercial property - worth 300k - 200k of loan left

is this stupid? with so little cash


I am the one who post the above.

I remember saving only 300 dollars every month for the first 2 years of work.
could only save up on bonuses....and it was 4 months of bonus. so how did the guy who post after me save so much in a year???

Unregistered 02-02-2011 10:20 AM

Quote:

Originally Posted by Unregistered (Post 9267)
I am the one who post the above.

I remember saving only 300 dollars every month for the first 2 years of work.
could only save up on bonuses....and it was 4 months of bonus. so how did the guy who post after me save so much in a year???

Because he obviously talking cock lar. Here everyone can say what he like mah, either all of Singapore's best and brightest investment banker all posting in forums.salary.sg or we have a lot of losers who are trap in a rat race with no way to get out. So come here to fantasize lor.

Unregistered 02-02-2011 11:36 AM

I am quite lucky as I have a good bonus (cash and stocks) and healthy increments. Base pay to start off is quite high also. I travel a fair bit, so on other company's TE, so that explains why I can save more =)

I am a normal Singaporean boy, not a superstar. My friends who are IBs and lawyers earn more than me, but I am satisfied. I live a very normal lifestyle and I enjoy it. I save $$$ to buy property and use it as my investment vehicle. Both properties have since gained value from the point I bought them. I am not a speculator but am put off by the governments' tough measures and will diversify soon, to the dismay of my tenants as I am a good landlord.

My advise is to see property as investment and not love nest, and to cut down on unnecessary expenses and to save up as soon as possible so that you have more options. Do an audit If you do not have high salary, it's imperative that you start earlier, so that you will spend less time in the rat race.

Just my 2 cents. Hope this helps all of you.

Unregistered 02-02-2011 11:39 AM

Quote:

Originally Posted by Unregistered (Post 9267)
I am the one who post the above.

I remember saving only 300 dollars every month for the first 2 years of work.
could only save up on bonuses....and it was 4 months of bonus. so how did the guy who post after me save so much in a year???

I find that owning a car is an necessary expense for me. Without that, I can easily save $1000/month. I feel difficult to convince myself to owning one still when I am in Singapore.

Unregistered 02-02-2011 11:45 AM

Quote:

Originally Posted by Unregistered (Post 9263)
there are... office spaces (1000 sq ft) at launch prices from developers

Any more good deals like this now? You must have made a lot from this if you divest now. rental should be holding up too.

Unregistered 02-02-2011 11:57 AM

Quote:

Originally Posted by Unregistered (Post 9260)
Ok, this is mine and its the honest truth.

Me - 31 yr old
wife - 29 yrs old

cash - 40k
stock - 0k
car - worth 90k now - 50k of loan left
condo - worth 1.2 mil...700k of loan left
commercial property - worth 300k - 200k of loan left

is this stupid? with so little cash

Properties are not very liquid in times of emergencies.

Unregistered 03-02-2011 01:50 PM

Wife and I both mid 30s

Condo - worth 1.8m 400k loan left
Cash 550k
Stocks 1m

Unregistered 03-02-2011 09:55 PM

Just divested over the CNY, current status is

Cash: 175K
Stocks:50K
CPF:130K
Condo: Worth 1.1 M (loan left 800K)

Will be channeling more cash into the stock market and waiting for the right moment to divest the other property, and then enter the property market again. Should be selling the other one before the next measure.

Happy CNY!

Quote:

Originally Posted by Unregisteredtounreg (Post 9261)
Wow how did you manage to get a commercial property at 300K?

Mine (honest truth)

Age: 31(me)/28(wife)

Cash: 25K
Stocks: 50K
Condo: Worth 900K (loan left 500K)
Condo: Worth 1.1 M (loan left 800K)

Easy to save for down payment before start of cool down measures. I save around 50K every year ever since graduation.


Unregistered 03-02-2011 09:56 PM

Quote:

Originally Posted by Unregistered (Post 9272)
I find that owning a car is an necessary expense for me. Without that, I can easily save $1000/month. I feel difficult to convince myself to owning one still when I am in Singapore.

I find myself unable to give up the car too.
Sigh.
That's giving up 2k+ worth of savings per month. Sad.

Unregistered 04-02-2011 06:22 PM

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.

Unregistered 04-02-2011 09:23 PM

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

roadwar 05-02-2011 11:10 AM

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

Mr d 05-02-2011 12:17 PM

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!

Unregistered 05-02-2011 12:31 PM

Quote:

Originally Posted by Mr d (Post 9319)
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?

Unregistered 05-02-2011 04:42 PM

You are not truthful . Las Vegas never reached that price.
This conclude those who say the above are in la la land.

Unregistered 05-02-2011 04:47 PM

Quote:

Originally Posted by Unregistered (Post 9308)
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.

Guest111 17-02-2011 01:29 AM

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.

Unregistered 17-02-2011 09:50 AM

Quote:

Originally Posted by Guest111 (Post 9621)
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?

Unregistered 17-02-2011 10:39 AM

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.

Unregistered 17-02-2011 11:38 AM

Quote:

Originally Posted by Unregistered (Post 9625)
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.


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