How rich/poor am I compared to people my age(27)? - Page 7 - 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




How rich/poor am I compared to people my age(27)?

Reply
 
Thread Tools
  #61 (permalink)  
Old 22-05-2021, 08:26 PM
Unregistered
Guest
 
Posts: n/a
Default

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.

Reply With Quote
  #62 (permalink)  
Old 23-05-2021, 08:20 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.
Thats alot of cash for age 27. What did you do to gain so much cash?

Reply With Quote
  #63 (permalink)  
Old 23-05-2021, 04:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thats alot of cash for age 27. What did you do to gain so much cash?
He sell backside or parents money lo.

Assuming he worked for 3 years & say 200k out of the 270k cash savings was accumulated after he started working, that means he has to save 66.6k every year.

66.6k per year = 5.56k per month

His salary after tax and expenses got even 5.56k/month bo? Donít tell me he fking balls deep invest in Bitcoin

Reply With Quote
  #64 (permalink)  
Old 07-06-2021, 12:57 AM
Unregistered
Guest
 
Posts: n/a
Smile Singaporean 34 Male

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
Reply With Quote
  #65 (permalink)  
Old 14-07-2021, 12:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Too much Fixed Income and too little Equity allocation. In fact it should be the reverse. Cash is fine given you have a kid.
Reply With Quote
  #66 (permalink)  
Old 14-07-2021, 06:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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
Should reduce cash holdings to less than 10k.

You are still young and can afford to take more risk.
Reply With Quote

  #67 (permalink)  
Old 23-07-2021, 01:14 PM
Unregistered
Guest
 
Posts: n/a
Default

30/M/married and donít want kids
Property : 4 rm HDB with HDB loan (left 80k to pay)


Cash (self) : 30 K
Cash (joint with wife) : 32 K
Investment (mainly shares) : 110 K

Working since 2017 and salary started at 4.2 K, currently drawing 5.6 K but thinking to go set up my own business instead.

Anyone here have experience of letting go of iron rice bowl and then go do business at 30 ?
Reply With Quote
  #68 (permalink)  
Old 23-07-2021, 03:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
30/M/married and donít want kids
Property : 4 rm HDB with HDB loan (left 80k to pay)


Cash (self) : 30 K
Cash (joint with wife) : 32 K
Investment (mainly shares) : 110 K

Working since 2017 and salary started at 4.2 K, currently drawing 5.6 K but thinking to go set up my own business instead.

Anyone here have experience of letting go of iron rice bowl and then go do business at 30 ?
What business will you be keen to do?
Reply With Quote
  #69 (permalink)  
Old 23-07-2021, 05:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
What business will you be keen to do?
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.
Reply With Quote
  #70 (permalink)  
Old 24-07-2021, 11:39 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
He sell backside or parents money lo.

Assuming he worked for 3 years & say 200k out of the 270k cash savings was accumulated after he started working, that means he has to save 66.6k every year.

66.6k per year = 5.56k per month

His salary after tax and expenses got even 5.56k/month bo? Donít tell me he fking balls deep invest in Bitcoin
This is salary.sg, land of high fliers.
Reply With Quote
Reply

Bookmarks

« 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
Poor working class Salary.sg Income and Jobs 2 25-03-2016 01:04 AM
is it a poor fit or just trying to adapt? autumsy Income and Jobs 4 07-09-2015 11:41 AM
New job - is it a period of transition or a poor fit? moonlightlover Income and Jobs 18 25-07-2015 11:33 AM
How have you done compared with the rest of your class ? Hermit Income and Jobs 9 02-07-2014 08:58 PM
Where does CFA stand compared with MBA rampa001 Education and Personal Growth 13 30-06-2013 11:21 AM

» 30 Recent Threads
MAS for Mid Career Professionals ( 1 2 3... Last Page)
751 Replies, 366,954 Views
Compare civil service salary ( 1 2 3... Last Page)
13,273 Replies, 7,845,540 Views
Lawyer Salary ( 1 2 3... Last Page)
15,448 Replies, 5,299,121 Views
Whats your net worth ( 1 2 3... Last Page)
2,879 Replies, 1,003,075 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,014 Replies, 4,562,646 Views
UOB Management Associate Program ( 1 2 3... Last Page)
580 Replies, 322,403 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,482 Replies, 2,746,172 Views
GovTech ( 1 2 3... Last Page)
1,400 Replies, 453,246 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
358 Replies, 129,956 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,187 Replies, 1,959,644 Views
Standard Chartered International... ( 1 2 3... Last Page)
100 Replies, 83,572 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
4,967 Replies, 1,655,424 Views
Career as Teacher ( 1 2 3... Last Page)
4,310 Replies, 2,792,451 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,967 Replies, 678,779 Views
Singtel Management Associate... ( 1 2 3... Last Page)
499 Replies, 184,421 Views
Work culture in IHiS ( 1 2 3... Last Page)
204 Replies, 162,860 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
867 Replies, 265,199 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
629 Replies, 126,289 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
635 Replies, 497,195 Views
how to earn money at this age? ( 1 2 3... Last Page)
39 Replies, 50,926 Views
JP Morgan ( 1 2 3... Last Page)
111 Replies, 70,923 Views
ST Electronics ( 1 2 3... Last Page)
2,463 Replies, 682,585 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
651 Replies, 169,743 Views
IMDA (under MCI) ( 1 2 3... Last Page)
259 Replies, 97,039 Views
Banks' Pay and Bonuses ( 1 2 3... Last Page)
436 Replies, 197,364 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,438 Replies, 1,603,809 Views
Roles in accenture singapore ( 1 2 3... Last Page)
2,260 Replies, 620,593 Views
Htx ( 1 2 3... Last Page)
55 Replies, 6,595 Views
How rich/poor am I compared to... ( 1 2 3... Last Page)
96 Replies, 90,543 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:30 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2