How rich/poor am I compared to people my age(27)? - Page 9 - 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
  #81 (permalink)  
Old 15-09-2021, 01:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Ignore this guy pls.

1. Youíre so young, itís much easier for you to find a job even if you get retrenched (chances of you getting retrenched are, again, low since youíre 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 youíre 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



Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #82 (permalink)  
Old 15-09-2021, 11:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
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.

Reply With Quote
  #83 (permalink)  
Old 26-10-2021, 08:09 AM
Verified Member
 
Join Date: Oct 2021
Location: North of SG
Posts: 19
Jasper is on a distinguished road
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.
Wao. Thats alot. Which line are you in?
Whats your gross pay?

Reply With Quote
  #84 (permalink)  
Old 26-10-2021, 08:13 AM
Verified Member
 
Join Date: Oct 2021
Location: North of SG
Posts: 19
Jasper is on a distinguished road
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
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 👍👍
Reply With Quote
  #85 (permalink)  
Old 26-10-2021, 08:19 AM
Verified Member
 
Join Date: Oct 2021
Location: North of SG
Posts: 19
Jasper is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote
  #86 (permalink)  
Old 26-10-2021, 08:24 AM
Verified Member
 
Join Date: Oct 2021
Location: North of SG
Posts: 19
Jasper is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
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.
Reply With Quote

  #87 (permalink)  
Old 26-10-2021, 01:59 PM
Junior Member
 
Join Date: Oct 2021
Posts: 3
cheesepie is on a distinguished road
Default

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
Reply With Quote
  #88 (permalink)  
Old 27-10-2021, 08:11 AM
Verified Member
 
Join Date: Oct 2021
Location: North of SG
Posts: 19
Jasper is on a distinguished road
Default

Quote:
Originally Posted by cheesepie View Post
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.
Reply With Quote
  #89 (permalink)  
Old 27-10-2021, 08:44 AM
Unregistered
Guest
 
Posts: n/a
Default

How rich will you be when you get COVID-19? Can't take your money with you if you die from it.
Reply With Quote
  #90 (permalink)  
Old 27-10-2021, 09:03 AM
Junior Member
 
Join Date: Oct 2021
Posts: 3
cheesepie is on a distinguished road
Default

Quote:
Originally Posted by Jasper View Post
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.
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
Roles in accenture singapore ( 1 2 3... Last Page)
4,760 Replies, 957,984 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
511 Replies, 141,526 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,971 Replies, 1,921,796 Views
Lawyer Salary ( 1 2 3... Last Page)
17,135 Replies, 6,436,716 Views
Changi Airport Group ( 1 2 3... Last Page)
456 Replies, 456,620 Views
High Finance Thread ( 1 2 3... Last Page)
1,137 Replies, 253,877 Views
Engineer Pay ( 1 2 3... Last Page)
457 Replies, 241,066 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,209 Replies, 2,405,963 Views
ST Electronics ( 1 2 3... Last Page)
2,792 Replies, 845,735 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,152 Replies, 565,681 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,061 Replies, 2,932,857 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
78 Replies, 8,040 Views
Polytechnic lecturer salary range ( 1 2 3)
24 Replies, 78,904 Views
Compare civil service salary ( 1 2 3... Last Page)
14,218 Replies, 8,908,507 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
49 Replies, 69,876 Views
Micron starting pay ( 1 2 3... Last Page)
430 Replies, 160,639 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,601 Replies, 2,023,864 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,613 Replies, 3,094,556 Views
Career as Teacher ( 1 2 3... Last Page)
5,616 Replies, 3,499,161 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
230 Replies, 251,952 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
957 Replies, 630,572 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,133 Replies, 297,326 Views
GovTech ( 1 2 3... Last Page)
3,172 Replies, 854,271 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,300 Replies, 707,930 Views
ByteDance / TikTok ( 1 2)
17 Replies, 3,926 Views
2022 Full time/Summer internship... ( 1 2)
16 Replies, 2,334 Views
Open Government Products (under...
9 Replies, 1,020 Views
Want to Save More Money? Our Free...
6 Replies, 8,502 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,379 Replies, 2,298,042 Views
Work culture in IHiS ( 1 2 3... Last Page)
331 Replies, 222,937 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:06 PM.


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