I suggest you keep on buying toto, sweep and 4D. The return generate much faster and luck is on your side.
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27 yrs old this year.
close to 300k in cash. |
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even now at 37, i have less than half a mill excluding CPF. you still got a long way to go. you will do well if you continue. |
I reached 120k in savings when I was about 24, after doing some work on the side and saving aggressively while in Uni.
Turning 27 this year. 100k in savings and investments after purchasing a flat with the husband for 600k+, spent about 80k in renovations and furnishing. If combined as a couple we have about 450k in assets. 200k in liquid assets (cash and investments) and 250k fixed (paid up portion of housing loan) Not too sure how we’re doing, but hoping to build up passive streams of income to reduce reliance on work eventually. |
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s://.salary.sg/2019/benchmark-your-monthly-pay-by-age-gender-2019/ s://stats.mom.gov.sg/bt/charts/OWS.aspx?a=true&c=Wages&sc=Occupational+Wage+Searc h |
Just turned 27 two months ago, M.
Cash $95k Money also goes into PruWealth $400/month - there’s about $10k stuck there now (bad decision!) Only $5k invested in stocks currently $37K in CPF OA Thinking of how to grow my money faster and not sure where/ what to invest. Anyone with some sound advice? |
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Before talking about investment make sure you have at least the very least, 1 year of your GROSS income saved as emergency fund. Then save for marriage and HDB. Don't bother about investments until you get all these sorted Invest in stable assets like etf of bonds. Then DCA in. Don't do stocks from the get go. Only set aside no more than 30% of your portfolio on stocks. |
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At such a young age, you can afford >50% equities in your portfolio. Bond yields are pretty low and unattractive atm. |
32m
100k investments 15k cash 15k cpf cpf kenna screwed by housing...leaving a poor life paying monthly house instalments. |
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