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

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
Lawyer Salary ( 1 2 3... Last Page)
18,474 Replies, 7,612,019 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,315 Replies, 638,067 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,741 Replies, 841,939 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,827 Replies, 2,689,596 Views
NTU (non-faculty) ( 1 2 3... Last Page)
133 Replies, 164,316 Views
Compare civil service salary ( 1 2 3... Last Page)
14,986 Replies, 10,010,329 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,764 Replies, 3,188,225 Views
Singtel Management Associate... ( 1 2 3... Last Page)
1,146 Replies, 367,967 Views
Standard Chartered International... ( 1 2 3... Last Page)
364 Replies, 164,425 Views
Career as Teacher ( 1 2 3... Last Page)
6,674 Replies, 4,240,616 Views
GovTech ( 1 2 3... Last Page)
3,462 Replies, 1,127,531 Views
Civil Service Bonus 2022 Year End ( 1 2)
13 Replies, 2,681 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
640 Replies, 269,847 Views
Roles in accenture singapore ( 1 2 3... Last Page)
5,613 Replies, 1,318,662 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,780 Replies, 3,474,182 Views
IMDA (under MCI) ( 1 2 3... Last Page)
399 Replies, 207,047 Views
High Finance Thread ( 1 2 3... Last Page)
1,472 Replies, 381,501 Views
How much are you earning per annum? ( 1 2 3... Last Page)
13,461 Replies, 5,498,722 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,499 Replies, 2,261,396 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,060 Replies, 739,661 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,251 Replies, 3,330,533 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,248 Replies, 995,644 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
360 Replies, 134,295 Views
Bnp paribas graduate ( 1 2 3... Last Page)
205 Replies, 122,927 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
351 Replies, 315,516 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
273 Replies, 223,013 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
269 Replies, 175,815 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,100 Replies, 764,731 Views
Anyone work in JPM/GS/Morgan... ( 1 2 3... Last Page)
300 Replies, 75,906 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 06:57 AM.


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