How rich/poor am I compared to people my age(27)? - 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
  #1 (permalink)  
Old 17-05-2016, 11:34 PM
Verified Member
 
Join Date: Jun 2013
Posts: 11
icyboy is on a distinguished road
Default How rich/poor am I compared to people my age(27)?

I am just wondering how much savings I have compared to my peers?
How much do you have when you are 27yo?

I just reached 27yo, im male I have about 40k in my bank account and 35k in CPF. I know this is not a big amount by any means but still a small fortune. I spent alot on miscellaneous things though, could have been much more.

Reply With Quote
  #2 (permalink)  
Old 18-05-2016, 11:44 PM
Unregistered
Guest
 
Posts: n/a
Default

1 year older, 70k cash savings

Reply With Quote
  #3 (permalink)  
Old 19-05-2016, 08:46 AM
Unregistered
Guest
 
Posts: n/a
Default

I am 24 years old, in my final year of Uni. Through investments, savings from young etc I have 43k in bank, stocks, bonds. But almost all of my peers are nowhere close, many have no savings and some prudent ones have about 10k.

Good job on saving 40k at 27 YO though, already pretty difficult. Let's say one saves 2k a month (which is a lot), you need 1.5 years to save that amount. Double that if you only save 1k a month.

Maybe the next step would be to start investing. You can start off safe by investing in corporate bonds available on the SGX which can easily net you a 4-5% per annum. After 5 years, you would earn at least 25% of what you invested (5 x 5%). Slowly build up a portfolio and you can have passive income of a few hundred dollars a month.

Reply With Quote
  #4 (permalink)  
Old 19-05-2016, 10:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am 24 years old, in my final year of Uni. Through investments, savings from young etc I have 43k in bank, stocks, bonds. But almost all of my peers are nowhere close, many have no savings and some prudent ones have about 10k.

Good job on saving 40k at 27 YO though, already pretty difficult. Let's say one saves 2k a month (which is a lot), you need 1.5 years to save that amount. Double that if you only save 1k a month.

Maybe the next step would be to start investing. You can start off safe by investing in corporate bonds available on the SGX which can easily net you a 4-5% per annum. After 5 years, you would earn at least 25% of what you invested (5 x 5%). Slowly build up a portfolio and you can have passive income of a few hundred dollars a month.
Thanks, but I think passive investments are too slow a way to make money unless you have alot of money to invest. I feel it is more for older people. We should look for more ways to actively make money at this age.
Reply With Quote
  #5 (permalink)  
Old 19-05-2016, 03:07 PM
Unregistered
Guest
 
Posts: n/a
Default

I am 25 this year (female). Just entered workforce for 9 months only.

Cash $30k, CPF $9K, Investment $22K

Have worked when studying and earned some money adding to current savings.

I am still staying with parents so can save practically 90% of salary every month.
Reply With Quote
  #6 (permalink)  
Old 19-05-2016, 06:51 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Thanks, but I think passive investments are too slow a way to make money unless you have alot of money to invest. I feel it is more for older people. We should look for more ways to actively make money at this age.
Many youngsters think that bonds are too slow, so many go into forex trading or trying to flip shares. The vast majority lose money, ending up losing 20-50% in a year. Especially given the recent market conditions.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #7 (permalink)  
Old 21-05-2016, 02:30 PM
Unregistered
Guest
 
Posts: n/a
Default

i am same age as you, born in 1989...$140k in FD, gold, watches, cash etc and $60k in cpf....
Reply With Quote
  #8 (permalink)  
Old 21-05-2016, 04:35 PM
Unregistered
Guest
 
Posts: n/a
Default

Same age. 140k cash and one luxury watch worth 40k. 30k cpf.
Reply With Quote
  #9 (permalink)  
Old 21-05-2016, 09:06 PM
Unregistered
Guest
 
Posts: n/a
Default

30 yr old male, 90k savings, investments. 70k cpf
Reply With Quote
  #10 (permalink)  
Old 21-05-2016, 09:32 PM
Unregistered
Guest
 
Posts: n/a
Default

For a more realistic view, I have many friends at your age who have little to no savings. Maybe 20k cash.
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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,317 Replies, 4,984,354 Views
Career as Teacher ( 1 2 3... Last Page)
10,845 Replies, 6,669,392 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,050 Replies, 440,635 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,437 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,239 Replies, 3,399,519 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,771,792 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
171 Replies, 309,376 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
680 Replies, 388,648 Views
Compare civil service salary ( 1 2 3... Last Page)
16,343 Replies, 12,457,293 Views
GovTech ( 1 2 3... Last Page)
5,162 Replies, 2,164,376 Views
Lawyer Salary ( 1 2 3... Last Page)
21,015 Replies, 10,330,460 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,802 Replies, 1,044,905 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,159 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,457 Replies, 784,652 Views
Is getting a PMP worth it ?
4 Replies, 7,164 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,699 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,483 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,416 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,657,249 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 369,304 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,010 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,820 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,324,676 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,686 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,605 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,728 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,873 Views
MX12 reappointed at MX11
8 Replies, 837 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,668 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,426 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:34 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2