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Whats your net worth

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  #2671 (permalink)  
Old 19-06-2019, 12:51 AM
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Which part of SG do you live in?
Yishun flat

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  #2672 (permalink)  
Old 26-06-2019, 11:02 AM
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Typical perpetual drawdown rate is 4%. With 5mil asset, you should have a safe 200k to spend a year, or about 16k a month. You shouldn't have issue to generate 10k a month.
Thanks for replying. I feel that the 4% rule applied to the past when getting a high interest rate of 5-6% from deposits and low risk instruments was relatively easy to achieve. You can get close now however I want to wait for a correction to buy some more blue chip securities.

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  #2673 (permalink)  
Old 26-06-2019, 11:10 AM
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It is not that difficult to earn a 10k passive income. A 2M portfolio having a mixture of blue chip banks, and REITS can easily get you 5-6% yield at relatively low risk.

s://theunnecessaryjob.blogspot.com/2019/06/portfolio-and-dividend-update-q2-fy19.html

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  #2674 (permalink)  
Old 27-06-2019, 12:32 PM
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It is not that difficult to earn a 10k passive income. A 2M portfolio having a mixture of blue chip banks, and REITS can easily get you 5-6% yield at relatively low risk.

s://theunnecessaryjob.blogspot.com/2019/06/portfolio-and-dividend-update-q2-fy19.html
I do not really believe in passive income in blue chips and REITS etc. It is not difficult but a person has to actively monitor and manage these. It gets harder as one gets older and needs to rely more on the passive income vs a salary for expenses.

I feel that the success in those financial blogs is because we have had a long run without a depression in the markets.

Also, if someone has 2M, its advisable to break that down to different asset classes and also maintain some cash for emergencies and also for a war chest which means that it will not be a straight 4-6% yield for the entire amount.
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  #2675 (permalink)  
Old 11-08-2019, 06:02 PM
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42 married
About SGD 2m in stocks cash cpf etc plus 500k my share of home equity value
Wife has more about 3m plus 500k
We made a spreadsheet about 8 years ago planning out how much we wanted to earn each year, save each year, invest each year and Target net worth each year. So far on target
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  #2676 (permalink)  
Old 02-09-2019, 02:57 AM
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coming to 45yo single
Cash 700k
Cpf 520k
No house, no car, no women,
Riding bicycle to work daily, eat cai png. Live simple
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  #2677 (permalink)  
Old 02-09-2019, 08:40 AM
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Great savings!

Why don't you buy a resale HDB flat or invest your cash?


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coming to 45yo single
Cash 700k
Cpf 520k
No house, no car, no women,
Riding bicycle to work daily, eat cai png. Live simple
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  #2678 (permalink)  
Old 17-10-2019, 07:46 PM
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Default Passive income is the power

I believe net worth is not that important as compared to generating passive income streams. I would rather have net worth of $500k but my passive income is 5k a mth than someone with $2m net worth that has minimal passive income.
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  #2679 (permalink)  
Old 17-10-2019, 07:52 PM
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Default Pay it forward - free ticket & investment book worth sgd$200

I have always emphasized on generating multiple streams of income through a portfolio of income asset
Recently, I met Sean Seah Ex-CEO of Value Investing College recently and we were talking about building various streams of income.

He mentioned that he is challenging 5 different investors to prove if they can make $10000 in 10 days and they have taken up the challenge and will be sharing in this on 2 Nov in Expo and the entry ticket is US$97.
After some pestering, I managed to secure 30 FREE tickets for my friends and we have 16 tickets left currently.

As a way of paying forward for what I have achieved through the learning process,
I have asked him to give out this best selling book in Amazon.com call FINANCIAL JOY 2.0 (Retailing for SGD$49.90) which is a very good read for adults and young children.

So, please register fast before the FREE ticket and book is fully redeemed. Click the link below here free entry s://10k10days.eventbrite.sg?discount=Ed55
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  #2680 (permalink)  
Old 19-10-2019, 11:01 AM
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Professional Couple in our mid 40s with 2 kids

Combined assets
Cash savings: S$300k
CPF: S$850k
Overseas FH semid fully paid :S$500k
Sg FH 3 bedder condo : S$370k loan left. Worth S$1.3 mil ?
Other insurance policies etc : S$ 150k thereabouts
1 year old Toyota Altis car :S$65k loan left

Networth about S$2.5 mil combined (depending on properties valuation)

Combined income variable, about S$200k pa this year as I worked less.
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