What to invest? - 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




What to invest?

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #1 (permalink)  
Old 08-02-2014, 05:35 PM
Senior Member
 
Join Date: Nov 2013
Posts: 33
Stressfullsociety is on a distinguished road
Default What to invest?

i'm new to investing. May i know as a new investor, what kind of investment can i go for? i will prefer low risk investment and i have around 10-20k of start up capital to invest.
Can anyone advise me? thank you.

Reply With Quote
  #2 (permalink)  
Old 10-02-2014, 04:28 AM
Unregistered
Guest
 
Posts: n/a
Smile

I suggest u put that lump sum into CIMB starSaver account. it gives like 0.8% P.A. Safest. Lowest Risk.

If bank crashed, government will pay u back the money as insured by SDIC (SGD $50,000).
Put in $20,000 = $13 per month.

Reply With Quote
  #3 (permalink)  
Old 10-02-2014, 08:39 AM
Unregistered
Guest
 
Posts: n/a
Default

Epic fail advise. This is not investing. This is just like keeping money under the pillow.

Inflation is now at 2.5%, but was 4 - 5% just a year ago. So your money is losing value each day it stays in the fixed deposit.

But having said that, it is sometimes ok to do nothing (ie keep the cash ready) and wait for the right moment to pounce -on shares or property.

My approach was to accumulate blue chip stocks all my working life (30 odd years). In my early years, all I could afford was just 1 or 2 lots each time after receiving my bonus. Now my passive income from the dividends is $5k per month average. My approach is to buy and keep.

And yes, you will see your share value go up in good times and down in bad times. So you must only invest with money that you dont need for something else.

Good news, the SGX is trying to implement smaller lot trading to allow younger people (with lower income?) to buy into and accumulate good stocks. So look out and read up on the various listed companies and decide for yourself which ones to buy.

The feeling of getting money every month that you dont have to work for is undescribable. The dividends have paid for our yearly holidays overseas. Any remaining amounts are re-invested.

Quote:
Originally Posted by Unregistered View Post
I suggest u put that lump sum into CIMB starSaver account. it gives like 0.8% P.A. Safest. Lowest Risk.

If bank crashed, government will pay u back the money as insured by SDIC (SGD $50,000).
Put in $20,000 = $13 per month.

Reply With Quote
  #4 (permalink)  
Old 12-02-2014, 07:42 AM
Unregistered
Guest
 
Posts: n/a
Default

We all want to sit back, relax and have money coming in without having to work for it. But unless we have a large inheritance, or strike toto group 1 price, we have no choice but to go out and work for the money.

The answer to your question "what to invest?" is thus obvious. It is yourself - you are your biggest asset. Invest in yourself through continuous upgrading, courses and training. And work as long as you can. Our gahmen has been telling us to work till 65. Actually people in the US and UK are already working beyond that.

Even if you are earning a salary of $100k pa or say $50k pa, it is still way higher than what most people can get from their passive income.

From my own experience, rental income returns now is about 3% net of expenses and taxes. That means you need to invest in a $1m property just to have $30k pa passive income. Shares fare slightly better. If you plonk $1m into reits you could achieve $60k - $70k dividends. But there are risks.

The Maths therefore tells you that to have a comfortable passive income of $100k pa, you will need a principal sum of at least $2m to invest.

And you still need a place to stay, say an HDB flat costing about $600k. So minimum asset you need is $2.6m!

And you know what? Getting there is through working and saving up. When you acquire better skills, knowledge you increase your value to your company, and increase your promotional prospects.

Having worked 30 years already, and established a passive income stream of $80k - $90k pa, I know there is no way my passive income is ever going to replace my salary. So to me, work is still the way to go. Even now, although I am now training my younger colleagues, I still look out for courses to attend to upgrade myself. Learning never stops.

And yes, having that passive income coming in every month is satisfying. It does give an added peace of mind. You are more willing to indulge, to treat yourself and family to good meals and holidays.



Quote:
Originally Posted by Stressfullsociety View Post
i'm new to investing. May i know as a new investor, what kind of investment can i go for? i will prefer low risk investment and i have around 10-20k of start up capital to invest.
Can anyone advise me? thank you.
Reply With Quote
  #5 (permalink)  
Old 12-02-2014, 09:27 AM
Unregistered
Guest
 
Posts: n/a
Default

> rental income returns now is about 3% net of expenses and taxes. That means you need to invest in a $1m property

since most property purchases are funded by mortgages, the return is actually higher than 3% if you take leverage into account. on the other hand, retail investors don't usually borrow money to buy stocks (including reits).
Reply With Quote
  #6 (permalink)  
Old 11-08-2014, 12:08 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by CST618 View Post
How 5%-8% investment return monthly ??
If it is too good to be true, it probably is.
Reply With Quote

  #7 (permalink)  
Old 11-08-2014, 01:43 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by CST618 View Post
How 5%-8% investment return monthly ??
Whoever can get 5-8% consistently PER MONTH ought to be the Chief Investment Officer for both GIC and Temasek Holdings.
Reply With Quote
  #8 (permalink)  
Old 11-08-2014, 02:09 PM
Unregistered
Guest
 
Posts: n/a
Default

insurance investment policy
Reply With Quote
  #9 (permalink)  
Old 12-08-2014, 07:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by CST618 View Post
im getting my return every month on time. Capital is return upon reaching 18 mth
There's a sucker born every minute.
Reply With Quote
  #10 (permalink)  
Old 19-08-2014, 07:55 PM
Junior Member
 
Join Date: Jul 2014
Posts: 4
waterboy123 is on a distinguished road
Default

Sadly as per the advise above you need a huge amounts of money, tyou can start of with just 100 a month below. This would give you a kickstart


You may want to look at fundsupermart for unit trust.
You can look at bond funds and global equity

You may also consider getting a saver plans from manulife, ntuc income,....
Basically, you put in few hundred dollars a month and get back a small return
eg principal + 3% something like that
Reply With Quote
Reply

Bookmarks

Tags
#property, #realestate

« 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
Invest on Australia Pty: S.T.K St. Kilda Latest Launch in Melbourne, Victoria Austral Lightslash Marketplace and Find Work 0 09-01-2014 12:13 PM
Why Invest in LIV on Wilkie developersales General Discussions 0 10-11-2013 12:31 PM
The Wrong and Right Way to Invest: Wheelock CEO Salary.sg Investments and Net Worth 8 25-07-2009 09:12 AM
Invest in property Salary.sg Investments and Net Worth 0 06-05-2007 06:56 PM

» 30 Recent Threads
Engineer Pay ( 1 2 3... Last Page)
106 Replies, 45,264 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
3,142 Replies, 1,332,563 Views
ST Electronics ( 1 2 3... Last Page)
863 Replies, 258,125 Views
Lawyer Salary ( 1 2 3... Last Page)
9,584 Replies, 3,071,811 Views
Compare civil service salary ( 1 2 3... Last Page)
10,696 Replies, 5,914,042 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,405 Replies, 2,008,783 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,047 Replies, 3,843,514 Views
NUS working environment and pay... ( 1 2 3... Last Page)
90 Replies, 74,210 Views
Hospital (Private or Public)...
9 Replies, 5,684 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,460 Replies, 979,578 Views
Anyone jobless for a long time... ( 1 2 3... Last Page)
3,002 Replies, 1,144,130 Views
Equity Research jobs
2 Replies, 228 Views
High loan approval for business...
3 Replies, 603 Views
Whats your net worth ( 1 2 3... Last Page)
2,765 Replies, 828,965 Views
How to start a small business ( 1 2)
12 Replies, 2,181 Views
anyone working at NCS ? ( 1 2 3... Last Page)
457 Replies, 316,793 Views
Third Party Contract From... ( 1 2 3)
20 Replies, 2,482 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
334 Replies, 113,847 Views
Should I switch to a higher paying... ( 1 2 3... Last Page)
32 Replies, 3,204 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,394 Replies, 588,536 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
224 Replies, 136,843 Views
Prospects of an economics degree ( 1 2 3)
25 Replies, 12,281 Views
Passive income ideas? ( 1 2 3... Last Page)
31 Replies, 18,312 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,716 Replies, 1,130,483 Views
Possibilities, salary, etc. in the...
4 Replies, 1,051 Views
DBS tech seed programme ( 1 2 3)
29 Replies, 3,979 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
137 Replies, 93,639 Views
PCB design course
2 Replies, 155 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
156 Replies, 24,253 Views
Job Application with MOE... ( 1 2 3... Last Page)
244 Replies, 224,489 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:43 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2