Whats your net worth - Page 101 - 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




Whats your net worth

Reply
 
Thread Tools
  #1001 (permalink)  
Old 04-06-2013, 05:17 PM
Unregistered
Guest
 
Posts: n/a
Default

Why not you sell your condo and downgrade to a 4 room HDB flat costing $400k?
Assuming you then have cash of about $3.6m, you can buy a high dividend yield stock portfolio giving you 5% dividend yield pa or $180k pa.
You can then retire while your wife continues to work. Your wife earns $150k pa from work while you earn $180k pa from passive income. Your combined income will then be about $330k. Should be enough for a family of 4 living in a 4 room HDB flat. You can also enjoy various rebates.


Quote:
Originally Posted by Tired View Post
In the 40s, wife late 30s, 2 kids.
Combined income $300k+ pa.
Net worth, including stock, CPF, case, and home, around $4m.
2 cars, fully paid.
Working on generating passive income of around 8k a month, currently no where near that amount..

Reply With Quote
  #1002 (permalink)  
Old 04-06-2013, 05:37 PM
Millionaire Member
 
Join Date: Jul 2010
Posts: 49
Wiseman1 is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Why not you sell your condo and downgrade to a 4 room HDB flat costing $400k?
Assuming you then have cash of about $3.6m, you can buy a high dividend yield stock portfolio giving you 5% dividend yield pa or $180k pa.
You can then retire while your wife continues to work. Your wife earns $150k pa from work while you earn $180k pa from passive income. Your combined income will then be about $330k. Should be enough for a family of 4 living in a 4 room HDB flat. You can also enjoy various rebates.
Exactly my point. Here in this forum you keep hearing people say they are worth millions and millions including the houses they own.

Show that you really have that much wealth by liquidating it to cash of equivalent value, if not all these are just empty talk and wishful thinking at your own end.

Reply With Quote
  #1003 (permalink)  
Old 04-06-2013, 05:50 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Wiseman1 View Post
Exactly my point. Here in this forum you keep hearing people say they are worth millions and millions including the houses they own.

Show that you really have that much wealth by liquidating it to cash of equivalent value, if not all these are just empty talk and wishful thinking at your own end.
You funnyman. Every point no matter how remote also become your point.

Why you jumped to conclusion that his property formed the bulk of his net worth? He could be staying in a HDB flat.

Dont be so clouded by your own views.

Reply With Quote
  #1004 (permalink)  
Old 05-06-2013, 07:16 AM
Unregistered
Guest
 
Posts: n/a
Default

44, unemployed
Passive income $40k pa
Net worth $1.5 mil
Reply With Quote
  #1005 (permalink)  
Old 05-06-2013, 07:55 AM
Unregistered
Guest
 
Posts: n/a
Default

Exactly ... all million dollar quote here are just paper money and most of it are debt, not net worth. Liquidating a fixed asset to liquid cash is not an easy task, the successful rate are also very low. Now see new BTO prices are cheaper than old resale HDB, who are so stupid want to buy the resale HDB. Most also didn't calculate operating cost, renovation, furniture, charges, which can be high to sum up. So actually their fixed asset here is just a sinking hole to throw more of their cash in.

Then how about condo. You see now condo price is at least $1.5m. With this amount of price you need at least $5k-$10k/pm to serve your mortgage, however the monthly rental you get is only $3k-6k. How you get the profit anyway. Infact, you pay for your tenant to enjoy your condo. So in other word, you worked hard to pay off and other peoples enjoy it. So what's the point anyway having million dollar asset but you didn't enjoy it. It's pitiful anyway.

Quote:
Originally Posted by Wiseman1 View Post
Exactly my point. Here in this forum you keep hearing people say they are worth millions and millions including the houses they own.

Show that you really have that much wealth by liquidating it to cash of equivalent value, if not all these are just empty talk and wishful thinking at your own end.
Reply With Quote
  #1006 (permalink)  
Old 05-06-2013, 08:16 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
44, unemployed
Passive income $40k pa
Net worth $1.5 mil
Sorry to know about your poverty.
Don't give up hope. Take care.
Reply With Quote

  #1007 (permalink)  
Old 05-06-2013, 10:22 AM
Unregistered
Guest
 
Posts: n/a
Default

I am 55, happily retired. My wife is 45, still working and earning S$100k pa.
I own 3 condos. My small family stays in one of the condos, while I rent out my two other condos (generates a net rental of S$60k pa).
We are comfortable with our S$160k pa total income.
When my wife retires at 55, we plan to retire in Penang and KL, Malaysia.
By then, our passive income will be about S$80k pa as our rental increases over the 10 yrs.
Our Singapore dollar will likely strengthen to S$1 = RM 3 by 2023.
We will live like a rich couple in Malaysia.
Our condos in Singapore will fund our retirement in Malaysia.
Reply With Quote
  #1008 (permalink)  
Old 05-06-2013, 11:38 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
44, unemployed
Passive income $40k pa
Net worth $1.5 mil
May I know if your passive income is generated from property or stocks?


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
  #1009 (permalink)  
Old 05-06-2013, 03:22 PM
Unregistered
Guest
 
Posts: n/a
Default

The gahmen said every year got 15,000 new families formed, and they building 25,000 new flats to meet the demand for now. In steady state, the gahmen would probably build less than 15,000 flats per year. This could be because HDB people selling their flats to upgrade to private property so freeing up their flats for the new families.

The gahmen worry private sector may lead to glut. Since they know already, they can start to slow down land sales. But I think they also dont want the money to flow out to Iskandar and other places.

Question is will S'pore follow Japan or HK? Japan property during its peak, the loan can stretch for two generations. Now depressed property prices still not moving up. In HK, prices are already higher than S'pore and yet still going up. Same thing happening in China even after many control measures.

Also, other places got earthquakes, flooding and riots and what not, S'pore (touch wood) peaceful so far.

How? To invest or not?

Quote:
Originally Posted by Unregistered View Post
Oi, can stop using red ink or not. Very rude and hard to read.

What you want the gahmen to do? Stop all land sales immediately? You know what will happen right?

Building cost, raw materials, land cost are not cheap, in fact they are always going up. How can developers sell low?

Already 7 rounds of CM, speculators are weeded out, who then are making all the purchases?

It was also reported that many S'poreans are buying properties overseas (UK, M'sia, Aust, etc). How come? Where the money come from?

Can someone get to the bottom of this? Any hard data?
Reply With Quote
  #1010 (permalink)  
Old 05-06-2013, 07:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Dear all,

I need your kind advice.

I was let go one year ago after 20 years with the company. I think I cost too much. Got retrenchment benefits which is almost finished. I gave myself one year to get a new job but unfortunately there is no available jobs that pays $200k pa any more. My age could be a hindrance. I have given up hope to get back to my previous role.

My assets today are worth $2.5 mil, the bulk of it in my condo (no loan, paid up). What should I do? Should I downgrade to a small condo worth $1m and buy another condo worth $1.5m to give me passive rental income? Or should I just get a $500k HDB flat and invest $2m in the stock market?

Appreciate any comments and advice.
Thanks.
Reply With Quote
Reply

Bookmarks

Tags
net wealth, net worth, networth

« 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
Calculate Net Worth and Benchmark It Salary.sg Investments and Net Worth 16 23-09-2023 10:41 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
17,923 Replies, 5,435,197 Views
Lawyer Salary ( 1 2 3... Last Page)
21,385 Replies, 10,770,080 Views
Career as Teacher ( 1 2 3... Last Page)
11,652 Replies, 7,116,583 Views
INL Agency? Brand Communication...
4 Replies, 429 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
927 Replies, 444,989 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,461 Replies, 4,962,778 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
826 Replies, 472,901 Views
ITE (lecturer) ( 1 2 3... Last Page)
282 Replies, 405,780 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,333 Replies, 3,953,976 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,940 Replies, 2,985,938 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,351 Replies, 694,571 Views
Job Application with MOE... ( 1 2 3... Last Page)
498 Replies, 664,977 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,632 Replies, 1,465,115 Views
Compare civil service salary ( 1 2 3... Last Page)
16,495 Replies, 12,875,885 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,249 Replies, 1,156,727 Views
Election Department job application ( 1 2)
10 Replies, 4,365 Views
ST Electronics ( 1 2 3... Last Page)
3,916 Replies, 1,653,351 Views
Management Consultant MBB Big4 etc... ( 1 2 3... Last Page)
272 Replies, 203,801 Views
Whats your net worth ( 1 2 3... Last Page)
2,963 Replies, 1,423,368 Views
DBS Bank career advancement,... ( 1 2 3... Last Page)
137 Replies, 310,804 Views
PMO (Prime Minister's Office... ( 1 2)
17 Replies, 7,611 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,038 Replies, 4,881,070 Views
GovTech ( 1 2 3... Last Page)
6,579 Replies, 2,556,307 Views
Civil Servant Bonus Mid-2023 ( 1 2 3... Last Page)
198 Replies, 184,973 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,533 Replies, 3,605,882 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,083 Replies, 2,543,913 Views
Work culture in CPF board ( 1 2 3... Last Page)
43 Replies, 81,412 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
944 Replies, 560,440 Views
Is HR useless? ( 1 2)
13 Replies, 729 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
423 Replies, 753,269 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:56 PM.


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