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

Originally Posted by Unregistered

Don't think you should include CPF OA into your networth calculation. You will never know when the government will change laws to lock it in permanently. Judging by the looks of it pretty soon.

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.

just tell him to read a book, instead of your copy and paste answer

Most people in private are being retrenched more than once in private sector.

Before talking about retirement please think of being retrenched

Only civil servants are safe, no retrenchments even at Covid.

Originally Posted by Unregistered

Horrible advice. You just need to set aside 6 months of expenses as emergency fund. If you do not have marriage/hdb on the horizon, feel free to invest your money elsewhere.

At such a young age, you can afford >50% equities in your portfolio. Bond yields are pretty low and unattractive atm.

6 months of expenses in emergency fund may not be enough. One could take longer than 6 months to get a job esp in times like these. And you don't want to rush into getting a job which you might regret.

Its stupid to invest 50% of your income into equities at such a young age. Too much risk. You could end up with nore losses than gains. All your hard earned money gone. Especially if you get greedy and buy spec stocks. Go with the safe route. Save money first then go into AAA rated bonds and if you have extra allocate not more than 30% of your portfolio into stocks. Don't be like those people who lose hundreds of thousands in stock market only to have to realise losses because you were retrenched and took longer than 6 months to find another job.

Originally Posted by Unregistered

just tell him to read a book, instead of your copy and paste answer

Alot of people are making fatal mistakes by diving head first into risky investment like stocks without fully understanding the risk involved, buoyed by the talks of "so and so earned $xxx from the stock market" only to be burnt badly when they attempt to do it. Don't be silly. Its hard earned money and what works for them might not work for you.

Any good bonds to recommend? Rates for SSB seems incredibly low though.
(I’m the same original poster of post #48)

Originally Posted by Unregistered

6 months of expenses in emergency fund may not be enough. One could take longer than 6 months to get a job esp in times like these. And you don't want to rush into getting a job which you might regret.

Its stupid to invest 50% of your income into equities at such a young age. Too much risk. You could end up with nore losses than gains. All your hard earned money gone. Especially if you get greedy and buy spec stocks. Go with the safe route. Save money first then go into AAA rated bonds and if you have extra allocate not more than 30% of your portfolio into stocks. Don't be like those people who lose hundreds of thousands in stock market only to have to realise losses because you were retrenched and took longer than 6 months to find another job.

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)

Originally Posted by Unregistered

6 months of expenses in emergency fund may not be enough. One could take longer than 6 months to get a job esp in times like these. And you don't want to rush into getting a job which you might regret.

Its stupid to invest 50% of your income into equities at such a young age. Too much risk. You could end up with nore losses than gains. All your hard earned money gone. Especially if you get greedy and buy spec stocks. Go with the safe route. Save money first then go into AAA rated bonds and if you have extra allocate not more than 30% of your portfolio into stocks. Don't be like those people who lose hundreds of thousands in stock market only to have to realise losses because you were retrenched and took longer than 6 months to find another job.

just like the other guy said, what you said pretty stupid.
you are young, just go full YOLO in stock.

there are many safe bets in equity, considering SATS (at current price) and also defensive play like e.g Sheng siong.

if not simply buy into a index like S&P and you will make your money worth 20-30 years later, unless america will be down 20 years later.

nobody know where a stock will go, but think of stocks as a company like they are

the worse thing you can keep is cash, what do you want so much cash for? the value of it depricate every year, if u want to be extremely safe, top up CPF is a viable option too, you get compound interest.

Worst thing is to keep cash.

32 yo Male, Single, Doctor

Just bought a $~3 million condo in Orchard last year - planning to rent it out for passive income and to help service the mortgage.

Still living with parents, so expenditure is v v low. The biggest "expenditure" is my parents' allowance.

I also have CPF $250k, basically untouched.

In my profession I believe I'm just mediocre. Many others are doing way better than me.

Originally Posted by Unregistered

32 yo Male, Single, Doctor

Just bought a $~3 million condo in Orchard last year - planning to rent it out for passive income and to help service the mortgage.

Still living with parents, so expenditure is v v low. The biggest "expenditure" is my parents' allowance.

I also have CPF $250k, basically untouched.

In my profession I believe I'm just mediocre. Many others are doing way better than me.

Isn't this thread for 27 year olds? What is a 32 year old doing here?

Around 243k in stocks (fluctuate +-30k for now) and 15k cash. 40k in CPF.