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

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

A simpler explanation, without any fancy numbers, would be to claim nominated CPF monies at 18 years old, and claim trust funds / estate funds at 21 years old.

Originally Posted by Unregistered

A simpler explanation, without any fancy numbers, would be to claim nominated CPF monies at 18 years old, and claim trust funds / estate funds at 21 years old.

Means parents or grandparents money la

Originally Posted by Unregistered

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.

Worse advice ever. If one is young, greedy, inexperienced and did not do due diligence then go all in on stocks then all the money earned goes to the drain. Lots of people got burned in meme stocks and options. One even lost his life.

And cash is cool when you get retrenched. Don't be fool into thinking just because one is young one cannot be retrenched. And its also a fallacy to think you will get a job quickly if you are retrenchedeven if you are young, in todays job market.

Originally Posted by Unregistered

Worse advice ever. If one is young, greedy, inexperienced and did not do due diligence then go all in on stocks then all the money earned goes to the drain. Lots of people got burned in meme stocks and options. One even lost his life.

And cash is cool when you get retrenched. Don't be fool into thinking just because one is young one cannot be retrenched. And its also a fallacy to think you will get a job quickly if you are retrenchedeven if you are young, in todays job market.

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.

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. 🥲

Originally Posted by Unregistered

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. 🥲

How did you start working at 21.5 years old might I ask?

Originally Posted by Unregistered

How did you start working at 21.5 years old might I ask?

Why not? She did say she is female so skipped 2 years of NS. And she never said she studied for a degree. So entirely possible.

28 year old.

net worth 20 mil. fk ya'll

Originally Posted by Unregistered

28 year old.

net worth 20 mil. fk ya'll

Back to sucking on mom's tits

Originally Posted by Unregistered

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.

rent will kill you dreams faster you can spell a b c