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22-05-2021, 08:26 PM
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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.
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23-05-2021, 08:20 AM
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Quote:
Originally Posted by Unregistered
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.
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Thats alot of cash for age 27. What did you do to gain so much cash?
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23-05-2021, 04:16 PM
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Quote:
Originally Posted by Unregistered
Thats alot of cash for age 27. What did you do to gain so much cash?
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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? Don’t tell me he fking balls deep invest in Bitcoin
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07-06-2021, 12:57 AM
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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
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14-07-2021, 12:59 PM
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Quote:
Originally Posted by Unregistered
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.
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14-07-2021, 06:24 PM
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Quote:
Originally Posted by Unregistered
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.
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23-07-2021, 01:14 PM
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30/M/married and don’t 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 ?
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23-07-2021, 03:35 PM
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Quote:
Originally Posted by Unregistered
30/M/married and don’t 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?
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23-07-2021, 05:14 PM
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Quote:
Originally Posted by Unregistered
What business will you be keen to do?
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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.
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