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investment and directions

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  #1 (permalink)  
Old 04-03-2015, 06:21 AM
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Default investment and directions

Hello, I am 27m, working in an internet marketing company. My salary is 3k monthly. (Low I know )However bonus ( in my opinion) makes my salary competitive as I receive about 21 months bonus.(not 12+9, its 12+ 21) My company reported 100k for my income tax for ya2015.

I am facing 2 situation right now.
1) Considering to enter another industry.
This job is crazily tiringly. As the clients are mostly based on US, I have to be up during US timing to communicate with the clients. The good side about the job is it is flexible during the day time. I can work at home as long as i complete the weekly task/target set by the boss. However, I am not sure if this job has long term security. I dont want to be in a situation 10 years later where what i am learning now is useless in the industry.

2) I got a small sum of money which I like to invest with.
About 180k cash. I have no car, no house. no wife, no kid. Have a gf who has no income. (Dont ask why). If she works, she only can apply for those under 1.5k jobs as she is not highly educated. ( didnt complete sec sch)

I read the forums and found several options:
1) invest in stocks. I have zero knowledge on it.
2) buy a property and rent out. I have almost enough cash to downpay an old condo ranging 800-900k. I spoke to a banker, and they say 50-50% chance I might be approved for the loan.
3) go the safe path into FD as this is not a big amount.

Options please. Thank you very much

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  #2 (permalink)  
Old 04-03-2015, 08:04 AM
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Don't buy condo. Buy BTO flat. You said this job is unstable so don't commit a big loan. Buy a cheap BTO flat and pay in full.

Quote:
Originally Posted by supermic View Post
Hello, I am 27m, working in an internet marketing company. My salary is 3k monthly. (Low I know )However bonus ( in my opinion) makes my salary competitive as I receive about 21 months bonus.(not 12+9, its 12+ 21) My company reported 100k for my income tax for ya2015.

I am facing 2 situation right now.
1) Considering to enter another industry.
This job is crazily tiringly. As the clients are mostly based on US, I have to be up during US timing to communicate with the clients. The good side about the job is it is flexible during the day time. I can work at home as long as i complete the weekly task/target set by the boss. However, I am not sure if this job has long term security. I dont want to be in a situation 10 years later where what i am learning now is useless in the industry.

2) I got a small sum of money which I like to invest with.
About 180k cash. I have no car, no house. no wife, no kid. Have a gf who has no income. (Dont ask why). If she works, she only can apply for those under 1.5k jobs as she is not highly educated. ( didnt complete sec sch)

I read the forums and found several options:
1) invest in stocks. I have zero knowledge on it.
2) buy a property and rent out. I have almost enough cash to downpay an old condo ranging 800-900k. I spoke to a banker, and they say 50-50% chance I might be approved for the loan.
3) go the safe path into FD as this is not a big amount.

Options please. Thank you very much


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  #3 (permalink)  
Old 04-03-2015, 08:58 AM
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Join Date: May 2011
Posts: 2
supermic is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Don't buy condo. Buy BTO flat. You said this job is unstable so don't commit a big loan. Buy a cheap BTO flat and pay in full.
I cant. Not married. Not engaged. Not planning to at the moment.

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  #4 (permalink)  
Old 04-03-2015, 09:09 AM
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don't think the new job will pay out so much bonus.

start investing in your knowledge on investing of stocks. for a start, go long blue-chip stocks and collect the dividends.

condo is like overvalued right now. property is saturated with owners. FD can be considered when you have the leftover cash after buying stocks.
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Old 06-03-2015, 11:10 PM
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Default Gf

Quote:
Originally Posted by Unregistered View Post
don't think the new job will pay out so much bonus.

start investing in your knowledge on investing of stocks. for a start, go long blue-chip stocks and collect the dividends.

condo is like overvalued right now. property is saturated with owners. FD can be considered when you have the leftover cash after buying stocks.
IMHO, yr gf shd stay gainfully employed. Even aunties with no pri school education or the disabled also can make themselves useful to their family and society. So how did your gf support herself? She is young and has a bright future before her, only if she's willing to work hard and smart. Not having a good education is just an excuse.
Sorry if this hurts you, look around you and dont give up on youself.
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  #6 (permalink)  
Old 15-03-2015, 07:15 PM
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Join Date: Mar 2015
Posts: 2
savesmart is on a distinguished road
Default

Hi, please check your PM. I have left you a message there.

Cheers!

Quote:
Originally Posted by supermic View Post
Hello, I am 27m, working in an internet marketing company. My salary is 3k monthly. (Low I know )However bonus ( in my opinion) makes my salary competitive as I receive about 21 months bonus.(not 12+9, its 12+ 21) My company reported 100k for my income tax for ya2015.

I am facing 2 situation right now.
1) Considering to enter another industry.
This job is crazily tiringly. As the clients are mostly based on US, I have to be up during US timing to communicate with the clients. The good side about the job is it is flexible during the day time. I can work at home as long as i complete the weekly task/target set by the boss. However, I am not sure if this job has long term security. I dont want to be in a situation 10 years later where what i am learning now is useless in the industry.

2) I got a small sum of money which I like to invest with.
About 180k cash. I have no car, no house. no wife, no kid. Have a gf who has no income. (Dont ask why). If she works, she only can apply for those under 1.5k jobs as she is not highly educated. ( didnt complete sec sch)

I read the forums and found several options:
1) invest in stocks. I have zero knowledge on it.
2) buy a property and rent out. I have almost enough cash to downpay an old condo ranging 800-900k. I spoke to a banker, and they say 50-50% chance I might be approved for the loan.
3) go the safe path into FD as this is not a big amount.

Options please. Thank you very much
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  #7 (permalink)  
Old 20-04-2015, 10:02 PM
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Join Date: Apr 2015
Location: Singapore
Posts: 1
livingbalance is on a distinguished road
Default Create passive income

I am having similar problem, want to make money using my current not-much salary by investment, ultimately reach to financial freedom. I have been searching a lot of training, workshop and forums to feed myself with lots of investment knowledge. Here is what i learnt from my searching journey,

1. Spend wisely not less, when we spend less we lower our quality of life, it gives us an unpleasant energy. Spend on the items that bring values, for example, we should buy branded bags not just for good image, but also a long-term investment that we will not change on regular basis.

2. Investment - find a good broker that she/he can teach you on investment, sometime a green broker is not a bad idea, she/he tends to be pretty helpful as you are one of a few customer, so that you receive more attention.

3. Put ourselves in the circle of like-minded people, in another words wealthy circle, how to find them? WORKSHOP, who are there in the investment workshop? People with investment knowledge and wealth mindset. and we can pick up the on-going trend, keep ourselves updated. I have attended an amazing workshop recently in Singapore, the speaker shares brilliant ideas about his e-commerce business, he made 9M in just a year, i am so inspired by him, and i am so lucky to follow his footprint. I think he runs his workshop on every week in Singapore(Tuesdays is free), just wanted to help people understand how to creating wealth. Bravo


4. Be bold - No pain no gain, but of course, with the right tool and platform, we sometimes got to take risk. When we turn the risk into an opportunity, money then flows in.


Hope it may help you.

All the best.
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  #8 (permalink)  
Old 21-04-2015, 11:05 PM
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Default Need Stock equities advice

Hi,

Given that the local stock market is rather bullish this week, is it a good time to dispose all my equities including blue chips that give good dividends? Or should I hold on to those with good dividend payout, sell the weak ones and continue to cost average on buying blue chips?

Thanks for your advice.


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