|
|
15-09-2021, 01:48 AM
|
|
Quote:
Originally Posted by Unregistered
Ignore this guy pls.
1. You’re so young, it’s much easier for you to find a job even if you get retrenched (chances of you getting retrenched are, again, low since you’re young)
2. You have a higher risk appetite and a longer investment time horizon. Investing max of 30% in equities is stupid. No one is asking you to buy penny/spec stocks. Even if you invest in S&P, the historic 10, 20,30 year returns are high enough (you can ride out market corrections/shocks even if you’re lazy to do active management)
|
he will still loose his money because due to lack of financial knowledge, he will panic sell at the first sign of bear market
|
15-09-2021, 11:59 PM
|
|
Quote:
Originally Posted by Unregistered
boomer train of thoughts basically. buying into a world etf or even just the s&p 500 etf is not as volatile as you think it is. analyse the drawdown % and balance it with bond to the drawdown% that allow you to sleep well at night.
|
You might as well say buy crypto and become millionaire in 3-6 month....
Problem with the "go big or go home" mindset like you will eventually lose it all. We only hear about the sucess stories but ignore the countless others who lost a **** tonne of money.
|
26-10-2021, 08:09 AM
|
Verified Member
|
|
Join Date: Oct 2021
Location: North of SG
Posts: 19
|
|
Quote:
Originally Posted by Unregistered
Turning 27 end of the year
Cash 270k
Stocks 45k
Other investments 25k
Did put 2 years of 8k into Manulife Ready Life income plan. Got talked into it by my DBS RM.
Feel that can do much better. Too under invested.
|
Wao. Thats alot. Which line are you in?
Whats your gross pay?
|
26-10-2021, 08:13 AM
|
Verified Member
|
|
Join Date: Oct 2021
Location: North of SG
Posts: 19
|
|
Quote:
Originally Posted by Unregistered
Folks seeking recommendation/advice.
34/M/married 1 kids
Property : small condo with o/s mortgage
Car : small jap car
Cash 160k
Fixed Income 370k
Equity 120k (took profit recently and reduced allocation)
Cpf 330k
Any comments will be appreciated thanks
|
Same age bro.
But still single.
Small condo u mean 2 bedder?
Think I am only about 60percent of your asset.
But if your annual is 370k. U likely to go very far after. Good job 👍👍
|
26-10-2021, 08:19 AM
|
Verified Member
|
|
Join Date: Oct 2021
Location: North of SG
Posts: 19
|
|
Quote:
Originally Posted by Unregistered
Tbh, my wife and myself are planning to rent a stall in coffee shop (not hawker) and slowly work from there. Many people are discouraging us cause i earn 5.6 K while she earn about 4 K.
Our lifestyle quite simple and rarely dine out. So long can earn 3 K combined actually enough to survive.
|
Willing to let go higher salary to go for easy lifestyle and more carefree.
Great 👍👍
But I will suggest to do save up more and do more research before u step out and try.
As 62k is not alot. Do calculate ur month expenses also.
|
26-10-2021, 08:24 AM
|
Verified Member
|
|
Join Date: Oct 2021
Location: North of SG
Posts: 19
|
|
Quote:
Originally Posted by Unregistered
28yo Female, started working 6.5 yr ago
Savings: $50k
Investments: $39k
CPF OA MA SA: $109k
Lost a lot $ due to bailing my divorced mom out of loans.
|
Alot of female do not have savings and live like YOLO way.
I am only slightly better then you at that age.
By the way. I also comes from below average family.
Had a hard time as well.
With good mindset, your good times will come.
Great job on the savings and investment.
Last edited by Jasper; 26-10-2021 at 08:27 AM.
|
26-10-2021, 01:59 PM
|
Junior Member
|
|
Join Date: Oct 2021
Posts: 3
|
|
29M
Currently working plus doing part time PG, getting married next year
Cash - 20K
Investment - 22K
Car - worth 80K
Currently still servicing a car loan - (32K)
CPF OA - 60K
CPF SA - 24K
CPFIS - 6K
BTO DP - 13K
Low cash and liquid assets due to paying for my PG, car and marriage stuff
|
27-10-2021, 08:11 AM
|
Verified Member
|
|
Join Date: Oct 2021
Location: North of SG
Posts: 19
|
|
Quote:
Originally Posted by cheesepie
29M
Currently working plus doing part time PG, getting married next year
Cash - 20K
Investment - 22K
Car - worth 80K
Currently still servicing a car loan - (32K)
CPF OA - 60K
CPF SA - 24K
CPFIS - 6K
BTO DP - 13K
Low cash and liquid assets due to paying for my PG, car and marriage stuff
|
Whats PG? Car is liability.
Unless ur work needed that..
But your assets seems fine for getting BTO.
|
27-10-2021, 08:44 AM
|
|
How rich will you be when you get COVID-19? Can't take your money with you if you die from it.
|
27-10-2021, 09:03 AM
|
Junior Member
|
|
Join Date: Oct 2021
Posts: 3
|
|
Quote:
Originally Posted by Jasper
Whats PG? Car is liability.
Unless ur work needed that..
But your assets seems fine for getting BTO.
|
PG is post-grad. I'm doing my masters right now.
My car is a need due to my work location which is not accessible my public transport. Will likely be selling it if I were to change job in the future.
|
|
|
Posting Rules
|
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts
HTML code is Off
|
|
|
|
» 30 Recent Threads |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|