Whats your net worth

[commoner]

Originally Posted by Unregistered

Thanks for all your comments.

I have discussed with my family members and they agreed I should just retire. My funds should be sufficient to generate returns that more than cover our expenses. We may have to reduce our spendings further to provide more savings buffer. I will be sourcing for food and groceries where the poor folks go. I will use BMW (bus, MRT, walk).

In a worst case scenario, I will sell off my investments gradually to fund my retirement until I die, the max at the age of 90 years old.

Enjoy your retirement. Happiness n Healthy is always the best.

My observation from reading the posts form the various related threads are that S'poreans by and large have a happy problem of having too much money without good avenues of investing the money.

In fact some of my friends and colleagues "complained" that they are constantly "struggling" to find how best to invest the constantly growing cash hoard. Where property investment was once an obvious investment of choice, it is not an automatic and easy choice nowadays with the cooling measures and high prices. Cars, stocks and even gold they already have. Household needs already settled. What else to do with the money?

What would you do if your cash inflow is more than $10k a month net of expenses? Or more than $150k per year net of expenses?

I am keeping money under my pillow. I mean in the bank. Not investing is also an option. Just as when you are sick, it's sometimes unnecessary to seek constant medical treatment or take medication when all you need is just rest.

If the bank interest is 2% or lower, it is confirmed you will lose money in this climate of relatively high inflation.

On the other hand, those who invested their money be it in property, stocks or whatever, they have a chance of both making more or losing some.

It is easy to understand why people with cash "flowing in" constantly feel anxious that the money is losing value everyday. Simple calculations below show why (Starting amount: $500K) :

Scenario 1: Inflation rate 3.5%, FD rate : 1%

5 yrs later: 440K
10 yrs later: 388K

Scenario 2: Inflation rate 5%, FD rate ; 1%

5 yrs later: 408K
10 yrs later : 332K

The loss is steep.

Originally Posted by Unregistered

I am keeping money under my pillow. I mean in the bank. Not investing is also an option. Just as when you are sick, it's sometimes unnecessary to seek constant medical treatment or take medication when all you need is just rest.

The money quantum is still the same. It's just that in a runaway inflation scenario you will feel that the purchasing power of the money has lowered.

However, if stock and property prices move south, the same amount of money will buy more stocks and properties than before. Further, if one is fully invested in a deflationary scenario, cutting losses and reinvesting later can be much harder to get right.

Sometimes no action is the best action.

Age: 24
Started working 2 months ago....


Net Worth: $16000 (After deducting off tuition fee loan)....

Target of hitting $100,000 (cash and CPF) at age 27...

i know i'm pathetic compared to all stock and property gurus here who can flip their money earn a handsome profit....me is just a hardworking guy who is learning the book of investments...

Is it possible to hit $100,000 cash and CPF in 3 years time? Not a high flyer, would consider myself middle range in terms of job....graduated from NUS

Sure, you. Assuming you need to save $30k pa. If you are staying with your parents, don't have a gf, don't glamble, drink, smoke and party, you can save $30k pa. How? Assuming you got a job paying you $5k pa (with CPF & bonus, averaged out), you will earn $60k pa. So if you are prudent, you will then spend only $30k pa, and save $30 pa.

Some tips:
1. Take free MRT rides early in the morning.
2. Walk to MRT station.
3. Don't have gf. GF will cause you to spend at least $100 per weekend or $400 per week.
4. Eat cheap food - choose rice, one meat and one veg. Bring plain water from home.

If you want to earn more, give tuitions. So, it is easy to save $30k pa if you are disciplined.

Originally Posted by Unregistered

Age: 24
Started working 2 months ago....


Net Worth: $16000 (After deducting off tuition fee loan)....

Target of hitting $100,000 (cash and CPF) at age 27...

i know i'm pathetic compared to all stock and property gurus here who can flip their money earn a handsome profit....me is just a hardworking guy who is learning the book of investments...

Is it possible to hit $100,000 cash and CPF in 3 years time? Not a high flyer, would consider myself middle range in terms of job....graduated from NUS

[commoner]

Originally Posted by Unregistered

My observation from reading the posts form the various related threads are that S'poreans by and large have a happy problem of having too much money without good avenues of investing the money.

In fact some of my friends and colleagues "complained" that they are constantly "struggling" to find how best to invest the constantly growing cash hoard. Where property investment was once an obvious investment of choice, it is not an automatic and easy choice nowadays with the cooling measures and high prices. Cars, stocks and even gold they already have. Household needs already settled. What else to do with the money?

What would you do if your cash inflow is more than $10k a month net of expenses? Or more than $150k per year net of expenses?

I'm doing value investing giving me double digit returns. I should say no fast money in this investment but a slow and steady one. If one have the time horizon should explore this investment tool.

[commoner]

Originally Posted by Unregistered

Sure, you. Assuming you need to save $30k pa. If you are staying with your parents, don't have a gf, don't glamble, drink, smoke and party, you can save $30k pa. How? Assuming you got a job paying you $5k pa (with CPF & bonus, averaged out), you will earn $60k pa. So if you are prudent, you will then spend only $30k pa, and save $30 pa.

Some tips:
1. Take free MRT rides early in the morning.
2. Walk to MRT station.
3. Don't have gf. GF will cause you to spend at least $100 per weekend or $400 per week.
4. Eat cheap food - choose rice, one meat and one veg. Bring plain water from home.

If you want to earn more, give tuitions. So, it is easy to save $30k pa if you are disciplined.

Agree! Discipline is the best..

I used to earn $200k pa but decided to slow down. I'm 50 and semi-retired. Doing part time work, earning $50k pa. Net worth, including primary home, is $1.6m. Although I am poorer now since I am earning lesser, I am happier as I have more free time to exercise and read.