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Whats your net worth

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  #2571 (permalink)  
Old 16-04-2017, 03:11 PM
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shares will high chance not be profitable because reports have shown that most people lose money in stocks. Even though many may say that they receive dividends regularly, they have Not factored in the capital loss incurred.
Sharing from my own experience only. I am a share investor not a trader. I bought my first share in 1986 and have been adding to my holdings for over 31 years now. I have not sold any shares other than those taken private or delisted.

Many, if not all, of my shares bought 20 to 30 years ago are now "freehold" shares. What does this mean? It means that the dividends I have collected from them have already broken even with the initial purchase price of the shares. 31 years old on, I am still hloding on to these "freehold" shares and collecting dividends.

If you bought shares of a strong company that gives 5% dividends each year, it will take 20 years for you to earn back the initial purchase price of the shares. After that, the shares become "freehold" and you still own the shares and earn the dividends each year.

Now you may think 20 to 30 years is a long time to wait, but hey, for me, its been 31 years and I am not that old - going to be 57 soon. Now enjoying the dividends from my freehold shares! And I am looking forward to enjoying the dividends for another 30 to 40 years and after that bequeath them to my children who can contniue to reap the dividends.

Warren Buffet said "The stock market takes money from the impatient and gives it to the patient".

As an investor, I pick my shares and sit back patiently collecting the yearly dividends and see them pay off the purchase price.

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  #2572 (permalink)  
Old 16-04-2017, 11:32 PM
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I am in my mid 30s ans totally agree with holding shares for long term is the best.

Sharing my own experience, i started to buy stock since 2010, all along my accumulated capital is abt $150k. Now my shares has already grown to 350k. It is more than 100% return in 7 years time.

I will continue to add in fresh fund and reinvested my dividend received. Hopefully it will grow to a million in 3 - 4 years.

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  #2573 (permalink)  
Old 08-08-2017, 03:19 PM
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43 , male
Semi retired
Property - 2.4 m value 850k loan
Cash and investment - 1 m
Cpf oa- 100k
Cpf sa -170k
Married , 2 kids . Wife net worth is about the same except she is still working .

Cash flow - 10k pm from trading
Not worth much , but with a simpler lifestyle , it is enough.

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  #2574 (permalink)  
Old 08-08-2017, 06:28 PM
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Sharing from my own experience only. I am a share investor not a trader. I bought my first share in 1986 and have been adding to my holdings for over 31 years now. I have not sold any shares other than those taken private or delisted.

Many, if not all, of my shares bought 20 to 30 years ago are now "freehold" shares. What does this mean? It means that the dividends I have collected from them have already broken even with the initial purchase price of the shares. 31 years old on, I am still hloding on to these "freehold" shares and collecting dividends.

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Originally Posted by Unregistered View Post
I am in my mid 30s ans totally agree with holding shares for long term is the best.

Sharing my own experience, i started to buy stock since 2010, all along my accumulated capital is abt $150k. Now my shares has already grown to 350k. It is more than 100% return in 7 years time.

I will continue to add in fresh fund and reinvested my dividend received. Hopefully it will grow to a million in 3 - 4 years.

Would you be able to share what kind do u buy? E.g. Stocks, etf, reits? Local, overseas mkts? And other fr the stock exchange, which platform do you recommend?
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  #2575 (permalink)  
Old 10-08-2017, 12:01 AM
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42 sole bread winner with 3 young kids
hdb worth 700k almost paid up
cash 150k
cpf combined 200k
shares 1.2m
bonds 100k
car fully paid up
net worth is 2.3 m
hope can do 5 more years and retire.
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  #2576 (permalink)  
Old 11-08-2017, 07:41 AM
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42 sole bread winner with 3 young kids
hdb worth 700k almost paid up
cash 150k
cpf combined 200k
shares 1.2m
bonds 100k
car fully paid up
net worth is 2.3 m
hope can do 5 more years and retire.
You cant sleep at night? Stressed out by work / money worries?

Whether you can retire or not in 5 years time (at 47) depends on:

1. Expected expenses in retirement
2. How much more you can save in the next 5 years.

Your networth of $2.3M (including your home) will only last 23 years if your yearly expenses are $100k a year (about $8.5k pm). This is assuming no inflation. Expenses of $8.5k per month is not exactly a lot especially when you have 3 young children.

At 42 yo, what you could be experiencing now is probably mid-life crisis. Just grit your teeth and plod on. Many others before you have gone through this phase of their lives - some caved in and changed jobs or made irrational decisions like buying expensive cars or go on expensive holidays, while many others like me, just steeled ourselves and soldiered on.

"Mid life" crisis can strike you many times. But each time you pulled through, you get better at dealing with it.

So, what do I get for sticking through? Well, for that, I ensured that my income was not disrupted throughout the years. My savings grew consistently. We also saw through the high expenses of our children's uni education without any stress / dip on our savings.

In fact, at our current age of 57, we can look back at those "mid life" crises and smile at the thought of what we almost did - like walking out of our jobs or doing crazy things like travel around the world.

While working, we could still travel the world but just in shorter duration - while still having our salaries.

Another big benefit of not quitting early or working through to your mid fifties is this golden period of savings acceleration. The typical working family / couple from early 50s to their 60s will see that their financial commitment taper off while their salaries peaked. This combination will accelerate their savings - very important period to pad up their retirement nest egg.

We have been enjoying this phenomenon for the last 7 years. We saw our savings hitting as high as $400k last year! This was made possible as our children graduated and entered the workforce, our housing loan and car loan were paid off.

So just hang on. Tough times dont last, tough people do.
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  #2577 (permalink)  
Old 11-08-2017, 09:18 AM
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Originally Posted by Unregistered View Post
You cant sleep at night? Stressed out by work / money worries?

Whether you can retire or not in 5 years time (at 47) depends on:

1. Expected expenses in retirement
2. How much more you can save in the next 5 years.

Your networth of $2.3M (including your home) will only last 23 years if your yearly expenses are $100k a year (about $8.5k pm). This is assuming no inflation. Expenses of $8.5k per month is not exactly a lot especially when you have 3 young children.

At 42 yo, what you could be experiencing now is probably mid-life crisis. Just grit your teeth and plod on. Many others before you have gone through this phase of their lives - some caved in and changed jobs or made irrational decisions like buying expensive cars or go on expensive holidays, while many others like me, just steeled ourselves and soldiered on.

"Mid life" crisis can strike you many times. But each time you pulled through, you get better at dealing with it.

So, what do I get for sticking through? Well, for that, I ensured that my income was not disrupted throughout the years. My savings grew consistently. We also saw through the high expenses of our children's uni education without any stress / dip on our savings.

In fact, at our current age of 57, we can look back at those "mid life" crises and smile at the thought of what we almost did - like walking out of our jobs or doing crazy things like travel around the world.

While working, we could still travel the world but just in shorter duration - while still having our salaries.

Another big benefit of not quitting early or working through to your mid fifties is this golden period of savings acceleration. The typical working family / couple from early 50s to their 60s will see that their financial commitment taper off while their salaries peaked. This combination will accelerate their savings - very important period to pad up their retirement nest egg.

We have been enjoying this phenomenon for the last 7 years. We saw our savings hitting as high as $400k last year! This was made possible as our children graduated and entered the workforce, our housing loan and car loan were paid off.

So just hang on. Tough times dont last, tough people do.
I am not the original poster.
How did you soldier on during mid life crisis? Did you have a tough job that required long hrs?
It looked like money was your motivation?

I am at this juncture that I don't enjoy what I am doing, it's a job that pays off bills. I don't like the long hours as I have a family to look after. Should I just continue because of the monetary aspect? But what about job satisfaction and personal well being? It's tiring.
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  #2578 (permalink)  
Old 12-08-2017, 01:24 PM
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We have been enjoying this phenomenon for the last 7 years. We saw our savings hitting as high as $400k last year! This was made possible as our children graduated and entered the workforce, our housing loan and car loan were paid off.

So just hang on. Tough times dont last, tough people do.

Did you give back to society?
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  #2579 (permalink)  
Old 13-08-2017, 10:07 AM
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42 sole bread winner with 3 young kids
hdb worth 700k almost paid up
cash 150k
cpf combined 200k
shares 1.2m
bonds 100k
car fully paid up
net worth is 2.3 m
hope can do 5 more years and retire.
In 5 years time, you can sell your flat and buy a cheaper flat.
Let's say your flat will be worth $800k in 5 years time. After selling your flat and buying a $400k flat, you will have $400k cash. You can then buy more shares with the cash and your portfolio will be worth at least $1.6m. If you add $100k savings every year over the 5 years, then your portfolio will be worth $2.1m. If you get 5% dividend yield from your portfolio, your dividends will be $105k pa. If you can manage your expenses well below $100k pa, you can retire in 5 years time. Your bonds will your emergency fund.
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  #2580 (permalink)  
Old 13-08-2017, 03:29 PM
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In 5 years time, you can sell your flat and buy a cheaper flat.
Let's say your flat will be worth $800k in 5 years time. After selling your flat and buying a $400k flat, you will have $400k cash. You can then buy more shares with the cash and your portfolio will be worth at least $1.6m. If you add $100k savings every year over the 5 years, then your portfolio will be worth $2.1m. If you get 5% dividend yield from your portfolio, your dividends will be $105k pa. If you can manage your expenses well below $100k pa, you can retire in 5 years time. Your bonds will your emergency fund.
Yeah, saving around 130k a year. Hoping that with investment and savings I can reach another 1m savings in another 5 years.
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