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

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.

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.

Thats alot of cash for age 27. What did you do to gain so much cash?

Originally Posted by Unregistered

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? Don’t tell me he fking balls deep invest in Bitcoin

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

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.

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.

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 ?

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?

Originally Posted by Unregistered

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.

Originally Posted by Unregistered

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

This is salary.sg, land of high fliers.