Whats your net worth

Originally Posted by Unregistered

I'm curious, how much is your household expenses and savings per year?

Not a lot. We manage to save about 20k of his salary a month.

To be frank given your husband's earning power I am surprised you two have not invested in any investment properties/stocks but situations differ and you're still young and not too late to start. I "suspect" your spending levels are quite high? It would serve to rein them back a little, a used birkin bag may not be worth anything 30 years from now but a correct investment will be worth many fold.

If you have two pre schoolers I suggest you start a sole proprietorship have your hubbie pump money in the company and pay yourself salary too. This way you can contribute to your CPF and claim working mothers relief for both your kids. Why just contribute to your CPF and get nothing out of it.

Also private banks do lend out cash to HNI at low interest rates, but if sh*t hits the economy usually investment tank and bank's come knocking at the door for their money. During 08 we knew several "millionaires" who were unable to pay up lost everything ouch

Is your Porsche an SUV/4 door version? Not the 2 door I assume since it has low practicality for ferrying kids around. Or do you have 2 cars?

Anyway best you attend investment seminars, plenty of free ones held and they even serve drinks, but I suggest you reduce your housing loan first.

Originally Posted by Unregistered

Husband - 480k sgd per year (including bonus of 50k), age 40
Wife - housewife, age 33
Cash - 1.1m
House - worth 3.5m today but loan of 1.9m
CPF - practically zero
Car - porsche fully paid up
Kids - 2 kids still in pre school

Question: can both husband and wife contribute to CPF upon reaching 55 to enjoy their CPF life annuity scheme, even though wife has no contribution now? Can we just use our cash to put into CPF later?

Should we get passive income during our golden years from property or dividends? Isn't there a risk that the company that we invest in will go belly up?

Originally Posted by Unregistered_101

To be frank given your husband's earning power I am surprised you two have not invested in any investment properties/stocks but situations differ and you're still young and not too late to start. I "suspect" your spending levels are quite high? It would serve to rein them back a little, a used birkin bag may not be worth anything 30 years from now but a correct investment will be worth many fold.

If you have two pre schoolers I suggest you start a sole proprietorship have your hubbie pump money in the company and pay yourself salary too. This way you can contribute to your CPF and claim working mothers relief for both your kids. Why just contribute to your CPF and get nothing out of it.

Also private banks do lend out cash to HNI at low interest rates, but if sh*t hits the economy usually investment tank and bank's come knocking at the door for their money. During 08 we knew several "millionaires" who were unable to pay up lost everything ouch

Is your Porsche an SUV/4 door version? Not the 2 door I assume since it has low practicality for ferrying kids around. Or do you have 2 cars?

Anyway best you attend investment seminars, plenty of free ones held and they even serve drinks, but I suggest you reduce your housing loan first.

We did own some investment properties in the past before upgrading to our current landed. We sold the investment properties at a profit and pumped into the landed, which has since appreciate by a fair bit too.

Now we want to get into the property market but are kind of waiting for a crash or more correction. My husband's job is quite secure even during recessions.

The pte bank loan facility, I only use for short term share purchase. I don't hold on to it for long periods. At most a month max.
Good idea about the sole proprietorship company. So I will just register the company via Accra. And then pay myself salary and contribute cpf? But that's like tying down my money in cpf too soon. I like their cpf life which pays 4 percent annuity. But I don't like their cpf savings rate of 2.5percent per annum. It's a bit low. I think I can make more out of my money than 2.5 p. But at 60 years old I may settle for 4percrnt cpf life (is it a perpetual annuity?) rather than to worry about my capital and take risks. Now, right now, I think I can be more agressive for another decade or so. So don't think I want to tie down my money in cpf right now.

Between property and shocks. Which is better for passive income?

I see, personally if an asset is not generating an income I would aim to minimize the debt load. But its a personal thing, not to mention 1.9M loan even low interest rates of 1.5% over 20 years is still 2.4K in interest a month, I would suggest you half that loan but that would be your call. Investment properties I treat differently, as they generate revenue I am more comfortable to have a higher debt load.

Aren't we all waiting for that crash to happen

It would be easier if you could think of a small biz to run so its not just a shell company, for instance I use a company to hold multiple industrial properties which generate revenue to offset the loans. It does have profit which I pay my spouse who is an employee, I pay her 2.5K a month and govt gives her back 15% as relief which is about 350 a month, 2nd child qualifies for 25%. In that aspect its almost like I am getting 15% ROI from govt for my kid's education. I suggest this but speak to your friends before going ahead actual advise is always better than online one, also its not that simple as I need to top up employer CPF/Medisave etc so you need to work out your sums.

That's a subjective question, without knowing your expertise there is no way I can recommend either. I am property biased because I profited a lot from it but hopeless in stocks, ask Buffet and its the opposite. That said I am looking for some good high dividend stable stocks to buy so its both I guess, this one you have to decided for yourself based on your own strength and weakness.

Originally Posted by Unregistered

We did own some investment properties in the past before upgrading to our current landed. We sold the investment properties at a profit and pumped into the landed, which has since appreciate by a fair bit too.

Now we want to get into the property market but are kind of waiting for a crash or more correction. My husband's job is quite secure even during recessions.

The pte bank loan facility, I only use for short term share purchase. I don't hold on to it for long periods. At most a month max.
Good idea about the sole proprietorship company. So I will just register the company via Accra. And then pay myself salary and contribute cpf? But that's like tying down my money in cpf too soon. I like their cpf life which pays 4 percent annuity. But I don't like their cpf savings rate of 2.5percent per annum. It's a bit low. I think I can make more out of my money than 2.5 p. But at 60 years old I may settle for 4percrnt cpf life (is it a perpetual annuity?) rather than to worry about my capital and take risks. Now, right now, I think I can be more agressive for another decade or so. So don't think I want to tie down my money in cpf right now.

Between property and shocks. Which is better for passive income?

Originally Posted by Unregistered_101

I see, personally if an asset is not generating an income I would aim to minimize the debt load. But its a personal thing, not to mention 1.9M loan even low interest rates of 1.5% over 20 years is still 2.4K in interest a month, I would suggest you half that loan but that would be your call. Investment properties I treat differently, as they generate revenue I am more comfortable to have a higher debt load.

Aren't we all waiting for that crash to happen

It would be easier if you could think of a small biz to run so its not just a shell company, for instance I use a company to hold multiple industrial properties which generate revenue to offset the loans. It does have profit which I pay my spouse who is an employee, I pay her 2.5K a month and govt gives her back 15% as relief which is about 350 a month, 2nd child qualifies for 25%. In that aspect its almost like I am getting 15% ROI from govt for my kid's education. I suggest this but speak to your friends before going ahead actual advise is always better than online one, also its not that simple as I need to top up employer CPF/Medisave etc so you need to work out your sums.


That's a subjective question, without knowing your expertise there is no way I can recommend either. I am property biased because I profited a lot from it but hopeless in stocks, ask Buffet and its the opposite. That said I am looking for some good high dividend stable stocks to buy so its both I guess, this one you have to decided for yourself based on your own strength and weakness.

Thanks for your tips! I really appreciate that you share these with me. I will definitely explore that company set up matter.

Pleasure, I need to learn more myself especially on stock investments. Lets all work towards a better future for ourselves and our children. Enjoy the weekend.

Originally Posted by Unregistered

Thanks for your tips! I really appreciate that you share these with me. I will definitely explore that company set up matter.

" $198,000 flat proceeds gone in two years: Family resorted to sleeping on beach
Property Guru
Property Guru – 11 hours ago
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According to media reports, a woman made $198,000 from the sale of her four-room flat but later suffered for it, revealed Minister of State for National Development Mohamad Maliki Osman, who shared the real-life story as a cautionary tale of families who sell their flats for short-term gain.
In 2010, Madam A and her family sold their flat since they could no longer pay their mortgage bills.
The mother of four used the $198,000 sales proceeds to buy a weekend car and rent a private apartment.
However, things took a nasty turn when Madam A invested a huge sum in a business venture which turned out to be a scam. Most of the flat proceeds were also spent on the medical bills for her husband, who suffered a serious medical condition.
The family had spent all the sales proceeds in less than two years from the time they sold the flat.
Thereafter, Madam A, along with her husband and eldest son, resorted to sleeping on the beach or void decks because they could no longer afford to rent or buy another flat on the open market. The younger children lived separately with different relatives.
As such, the family appealed to the housing board for a public rental flat. "

am not sure whether to pity this family or to laugh over it, albeit its cruel of me. but thats a short lived Singaporean dream. a WEEKEND CAR + RENTED CONDO. WTF... .what is this family thinking?!? sad to say there are quite a lot of singapreans living the high life on the edge, seemingly well off diving a car and condo-lifestyle.

Wake up singaporeans, live within means if you cant afford!

Originally Posted by Unregistered

This person is weird! So you mean only people who earn 480k can't come into this forum to ask questions about investments?

Besides, it is my husband who earns 480k and I'm the wife who is the housewife.

OIC, you are a smart woman, really.
Following this thread closely you will understand why the doubt in the first place when you asked that sort of qns.

Originally Posted by Unregistered

Congrats on being a millionaire couple. You have done well. Don't compare yourself with the posting in this forum, esp those claiming to earn more than $200k pa. 99% of postings here are just fantasies.

Do you mean this post? Quote "99% of postings here are fantasies" unquote.
Quite frankly. My fantasy would be that my husband brings in a million a year.
We buy an investment prop in cash per year and live happily ever after with increasing flow of passive income to buy holidays, bags and cars!

47, sole breadwinner, $130k pa. Wife is a housewife. Two kids.
Home is a condo which we bought after selling our flat. Bought for $500k in 2003.
Now it is worth $1.1m. We have no more mortgage.
We drive a two year old car, with $30k loan left.
CPF balance, $400k.
Stocks $50k.
Cash $50k.
Our total net worth $1.6m.

How are we doing?