Whats your net worth - Page 260 - 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, building net worth and retirement matters




Whats your net worth

Reply
 
Thread Tools
  #2591 (permalink)  
Old 09-02-2018, 02:15 PM
Unregistered_101
Guest
 
Posts: n/a
Default

I would say

Your 1st investment property is really not performing, you should sell it off and pay off your own home. Then save up.

I would cut back on the watch purchase personally, when times are bad they literally have low value. Its an expensive hobby as well. I don't include watches as part of my networth because of this.

Also investing in stocks etf etc is not suitable for everyone, saying it is one thing but how well are you able to invest in this sector assuming you have cash. You should dabble abit to show if you suited before you consider moving your investment strategy. No issues with just property investment but one needs to pick the right props that give back a good yield and hopefully cap gains (en bloc etc)

Quote:
Originally Posted by kaos View Post
Seen a lot of great replies and advice here. Specifically wondering if forum-ers here can provide some advice:

42 male, wife 39 female, 2 young kids
Both working professionals (finance) - combined $205k p/a after tax not including bonuses (maybe about $50k p/a after tax)
Cash - $200k
Car Loan - $1.2k per month
Stock/Equity - $50k
Own Home - $1.4M (loan $550k)
Investment Property 1 - $1.6M (loan $1.1M, $25k net rent p/a)
Investment Property 2 - $1.55M (loan $630k, $40k net rent p/a)
Watch Collection - $60k

Total Assets = $4.66M
Total Debt = $2.284M

Net Worth = $2.376M

As you can see my net worth is heavily property-weighted and pretty concerned that I should be diversifying more into stock , bonds and ETFs etc as a lot of people here have. Anyway interested to hear genuine advice/suggestions/comments. Thanks everyone in advance!

Reply With Quote
  #2592 (permalink)  
Old 12-02-2018, 04:35 PM
Unregistered
Guest
 
Posts: n/a
Default what should i do

Besides a terrace house my family stay ( has been fully paid off)
I have following investment mainly on local properties

Unit A: value 900K, fully paid off. collecting rental : 2500/M
5RM HDB from 2nd hand market many years ago, fully paid off, rental 2000/M
Unit B: Market value 1.5M, outstanding loan 600K. rental 3800/M.
Unit C: Market value 1.25M, Outstanding loan ,700K. rental 4000/M

For Units B & C, we are paying total 7K monthly for instalment with floating interest at 2%+-, leaving us about 5.5K as net passive income from these two units after deducting 2.3K interest for the bank loans.

We are planning to retire in 3 years time after I am 60 years old. my question is :

If I have accumulated 1.8M cash in hand by the time I come to retirement ( 3 years later) , should I fully settle my outstanding loan ( i.e 1.3M) for Units B and C to enjoy gross 12K monthly income for my family expenditures without any debt ? or I could add another unit worth say 1.2M (Ucall it nit D, paid fully by cash) in my investment portfolio.

As a result, the Unit D will say collect aprox. 2500/M rental that would be able to cover the interest amount incurred by Unit B and C. My passive income will still be 12K/M at the same time I might have potential chance to win some capital gain to be generated by unit D?


What do you think would be a better way ?

Reply With Quote
  #2593 (permalink)  
Old 14-02-2018, 03:07 PM
Junior Member
 
Join Date: Feb 2018
Posts: 3
kaos is on a distinguished road
Default

Quote:
Originally Posted by Unregistered_101 View Post
I would say

Your 1st investment property is really not performing, you should sell it off and pay off your own home. Then save up.

I would cut back on the watch purchase personally, when times are bad they literally have low value. Its an expensive hobby as well. I don't include watches as part of my networth because of this.

Also investing in stocks etf etc is not suitable for everyone, saying it is one thing but how well are you able to invest in this sector assuming you have cash. You should dabble abit to show if you suited before you consider moving your investment strategy. No issues with just property investment but one needs to pick the right props that give back a good yield and hopefully cap gains (en bloc etc)
1st investment property just bought not too long ago at fire sale price. So the yield is slightly higher (didn't buy at $1.6M) but yeah, still not as high as I would like it to be but it's really more a capital growth/en bloc play. Same with the 2nd investment property, bought at way lower than market price today (it's commercial).

Watch collection is just Pateks and Rolexes, all second hand and bought for maybe $40k in all. The $60k estimate is what i can get if i need to sell it today. Fyi, yes it is a hobby but I do flip it quite often and i never buy new. I buy opportune pieces at good prices and if i get bored, sell it for next opportunity. (I also never buy Omegas, Panerai, IWC, Longines, Hublots etc or include them in net worth as those are truly consumer watches which depreciate)

Anyway thanks for your advice and will dabble in stocks and etf investments small scale at first to get a feel. Hopefully can report back to this forum with my progress!

Reply With Quote
  #2594 (permalink)  
Old 05-05-2018, 10:38 AM
Junior Member
 
Join Date: May 2018
Location: Singapore
Posts: 2
kongbakpao is on a distinguished road
Default What should I do?

29/Male
Single

cpf 50k
stocks 65k
savings 600k
gold 55k
no property
no car
no debt

Am self-employed and was blessed with a steady income the last couple of years but am clueless as to what I should do with my spare cash for investments outside of my business.

I tried to invest a little in stocks- mostly US tech, but most are not doing very well. Would like to seek the forum's opinion on what I should do? Some advise DCA investing approach in ETFs, while others advise to buy a property.

Any advise will be very much appreciated, Thank you!
Reply With Quote
  #2595 (permalink)  
Old 05-05-2018, 11:02 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by kongbakpao View Post
29/Male
Single

cpf 50k
stocks 65k
savings 600k
gold 55k
no property
no car
no debt

Am self-employed and was blessed with a steady income the last couple of years but am clueless as to what I should do with my spare cash for investments outside of my business.

I tried to invest a little in stocks- mostly US tech, but most are not doing very well. Would like to seek the forum's opinion on what I should do? Some advise DCA investing approach in ETFs, while others advise to buy a property.

Any advise will be very much appreciated, Thank you!
Time to get married. What business did you do?


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


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
  #2596 (permalink)  
Old 23-05-2018, 08:06 PM
Unregistered
Guest
 
Posts: n/a
Default

33, married with 1 kid:

Stocks: $700k (Long term holdings)
Cash: $200k: in Fix D & Govt Bonds (War chest to take advantage if got golden oppt)
HDB: $150k paid up & $170 still loaning, still got 3.5yrs of MOP
CPF: $50k
Car: left with $32k loan

Started invest in stocks since my poly days, sold majority of SG stocks and bought into China stocks in 2015 Sep (China debt crisis), holdings includes Tencent (bought $120+), Alibaba (bought $80 to $90), Galaxy Entertainment ($20+), ICBC etc. I only hold a few companies (<10)

Thought of starting a blog to share on my investment journey but not sure if it is really worth the effort. Moreover I am not a good writer. Was from the N level, my psle was only 180+/300. worked my way from N lev, O lev, poly, nus (drop out), ntu and subsequently ntu again for my masters. Now working as a farmer Engineer in govt related co. My plan is to "semi-retire" after my networth hit $2.5m. probably become part time lecturer or teach tuition etc. Eventually I will put half in property, half in stocks.

quite new to blogging though, is it worth the effort? since there are already so many "gurus" blogger out there. or just continue farming in my engineer job?
Reply With Quote

  #2597 (permalink)  
Old 24-05-2018, 09:19 AM
Unregistered
Guest
 
Posts: n/a
Default

You can upgrade to a private property

Quote:
Originally Posted by Unregistered View Post
33, married with 1 kid:

Stocks: $700k (Long term holdings)
Cash: $200k: in Fix D & Govt Bonds (War chest to take advantage if got golden oppt)
HDB: $150k paid up & $170 still loaning, still got 3.5yrs of MOP
CPF: $50k
Car: left with $32k loan

Started invest in stocks since my poly days, sold majority of SG stocks and bought into China stocks in 2015 Sep (China debt crisis), holdings includes Tencent (bought $120+), Alibaba (bought $80 to $90), Galaxy Entertainment ($20+), ICBC etc. I only hold a few companies (<10)

Thought of starting a blog to share on my investment journey but not sure if it is really worth the effort. Moreover I am not a good writer. Was from the N level, my psle was only 180+/300. worked my way from N lev, O lev, poly, nus (drop out), ntu and subsequently ntu again for my masters. Now working as a farmer Engineer in govt related co. My plan is to "semi-retire" after my networth hit $2.5m. probably become part time lecturer or teach tuition etc. Eventually I will put half in property, half in stocks.

quite new to blogging though, is it worth the effort? since there are already so many "gurus" blogger out there. or just continue farming in my engineer job?
Reply With Quote
  #2598 (permalink)  
Old 24-05-2018, 10:23 PM
Unregistered
Guest
 
Posts: n/a
Default

28 Male, Single

Stocks: $100K
Govt/Corp Bonds: $155K
CPF: $250K
Cash: $100K

Own a car
No property
No debt

Total Networth: $600K
Reply With Quote
  #2599 (permalink)  
Old 24-05-2018, 10:40 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
28 Male, Single

Stocks: $100K
Govt/Corp Bonds: $155K
CPF: $250K
Cash: $100K

Own a car
No property
No debt

Total Networth: $600K
is your car fully paid?
Reply With Quote
  #2600 (permalink)  
Old 25-05-2018, 07:38 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
28 Male, Single

Stocks: $100K
Govt/Corp Bonds: $155K
CPF: $250K
Cash: $100K

Own a car
No property
No debt

Total Networth: $600K
How many years have you worked and contributed to CPF? If you are Singaporean and have served NS, and a degree graduate, you would at most be working for 3 years. Your CPF would at most be $113k after 3 full years of contribution, contributing the maximum amount each year.

The CPF is a unique savings scheme where even if you want to put in more money, it is not allowed. Each year, you are allowed to contribute a maximum of $37,740 and not more.

That said, there are ways to build up your CPF.

One of the challenges my friends and I gave to ourselves (besides attaining certain networth by certain age) was to achieve $1m in our CPF OA by 55.

One of our friends achieved that target at 55 yrs 4 months. My OA hit $1m only when I was 56yrs and 10months old!


SG BusLeh mobile app
SG BusLeh - the best bus app - available on iPhone and Android


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
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 15 20-06-2013 02:58 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
3,675 Replies, 1,198,124 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
2,014 Replies, 1,262,857 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
62 Replies, 34,399 Views
OCBC Graduate Talent Programme...
2 Replies, 328 Views
Career as Teacher ( 1 2 3... Last Page)
1,231 Replies, 878,935 Views
Compare civil service salary ( 1 2 3... Last Page)
7,284 Replies, 4,060,210 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
1,105 Replies, 505,669 Views
Young graduate work as Poly...
1 Replies, 245 Views
Standard Chartered Bank Back Office ( 1 2 3... Last Page)
32 Replies, 40,325 Views
How is life as a doctor in... ( 1 2 3... Last Page)
353 Replies, 548,416 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
751 Replies, 504,630 Views
Please Advise: First Time Job...
9 Replies, 2,387 Views
NUS working environment and pay... ( 1 2 3... Last Page)
47 Replies, 32,039 Views
GSK Future Leaders Programme...
2 Replies, 299 Views
ExxonMobil... ( 1 2)
13 Replies, 1,793 Views
Reference Checks: Does SG HR... ( 1 2 3... Last Page)
40 Replies, 45,939 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,235 Replies, 389,459 Views
Should I pay both sides of CPF?
8 Replies, 642 Views
How much are you earning per annum? ( 1 2 3... Last Page)
11,499 Replies, 3,094,212 Views
How much savings do you have? ( 1 2 3... Last Page)
1,218 Replies, 427,444 Views
Help in Career in Logistics and...
5 Replies, 2,139 Views
Constituency Manager (People... ( 1 2 3... Last Page)
661 Replies, 305,921 Views
Roles in accenture singapore ( 1 2 3... Last Page)
194 Replies, 130,835 Views
Restructured hospital salaries ( 1 2 3... Last Page)
35 Replies, 32,391 Views
Salaries of Professors
6 Replies, 4,588 Views
Salaries of Professors in SG ( 1 2 3... Last Page)
120 Replies, 184,325 Views
Support staff at local law firms
3 Replies, 492 Views
Queries about Cpib application ( 1 2 3... Last Page)
887 Replies, 334,437 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 04:14 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2