Whats your net worth - Page 274 - 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 and building net worth




Whats your net worth

 Citibank Cash Back Card - up to $350 cash back* - Click to Apply Now 
Reply
 
Thread Tools
  #2731 (permalink)  
Old 17-07-2020, 02:10 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Oh hey, i'd love to know more about he B1 and the Warehouse properties.

Some questions to start if you don't mind:
- how is the tax situation surrounding these properties? Eg, we all know about residential's ABSD and AV taxes, what's the situation on these sorts?
- How did you go about finding out these properties are up for sale? Or was this built from ground up etc?
- Are there any pitfalls here that you could share? There are plenty of residential property investment stories here and i'd love to hear more about the non-resi ones.

thanks man
Sure man, sorry lag as I just saw this. No ABSD on this. AV taxes is approx 1 month rent. I found these by hunting man because residential was too hot for me to afford. Pitfalls? I learnt that whatever property you buy, it is not liquid assets.

Reply With Quote
  #2732 (permalink)  
Old 18-07-2020, 10:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
42m/45f wife
2kids

12mil cash
26mil stocks/bonds
8mil condo A living
4mil condo B rental, under kid name
2mil condo C renral, under kid name
3m shop house rental

Own construction company.
Such a successful person and you actually have time for this forum. We feel so honored by your presence. So how has your construction firm been during this COVID period? How is the biz?

Reply With Quote
  #2733 (permalink)  
Old 19-07-2020, 01:09 AM
Back to SG
Guest
 
Posts: n/a
Default Getting a gauge

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: 1.4m
Investments (mostly equity): 0.6m
Property 1: FH landed 3.7m (outstanding 2.5m)
Property 2: Overseas Condo 2.1m (outstanding 1m)
Property 3: Overseas Condo 1.4m (fully paid)
Insurance: Term 3m (1.5m each) and Life 1m
CPF/MPF: 0.5m (minimal CPF as mostly worked overseas)
Net worth: c. 7m (incl. life insurance)

Salary (incl. bonus): c. 400k (me) / c. 800k (wife)
Passive income: c. 100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I started from (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch a bit of the property wave then.

Now that we’re back in SG, just thinking about how long more should we continue to work (our asses off and honestly, we’re both doing 60-70+ hours weekly) - given sacrifices have been made in terms of time with the kiddos and ourselves.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. Ideally, we would also like
to ramp up our passive income but I have my equity track record is nothing to shout about :P

Any thoughts to share?

Reply With Quote
  #2734 (permalink)  
Old 20-07-2020, 10:48 PM
Back in SG
Guest
 
Posts: n/a
Default How long more should we grind it out?

40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?
Reply With Quote
  #2735 (permalink)  
Old 24-07-2020, 03:23 AM
Unregistered
Guest
 
Posts: n/a
Default

Full of cannon balls here..... hahaha


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS 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
  #2736 (permalink)  
Old 24-07-2020, 07:26 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Back in SG View Post
40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?
Dont worry you are safe even if you have no job.
Reply With Quote

  #2737 (permalink)  
Old 24-07-2020, 01:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Back in SG View Post
40m/35f (wife), 3 young children (all under 6)
Working since 2006 / wife since 2008

Cash: $1.4m
Investments (mostly equity): $0.6m
Property 1: FH landed $3.7m (outstanding $2.5m)
Property 2: Overseas Condo $2.1m (outstanding $1m)
Property 3: Overseas Condo $1.4m (fully paid)
Insurance: Term $3m ($1.5m each) and Life $1m
CPF/MPF: $0.5m (minimal CPF as we spent most of our careers overseas)
Net worth: c. 7m (incl. life insurance, excluding unvested shares)

Salary (incl. bonus): c. $400k (me) / c. $800k (wife)
Passive income: c. $100k (mostly rental income from Property 1 & 2)

So I think we’ve both done quite well for ourselves given where I was when I first started out (monthly base salary of 2.2k back as a fresh grad in 2006; albeit in a global MNC). We got a few lucky breaks, weren’t impacted too severely by the GFC, moved to HK (for almost a decade) and managed to catch onto the property surge fairly early on there.

Now that we’re back in SG (for the kids' primary school education), just thinking about how long more should we continue to work our asses off (we both clock 60-70+ hours weekly; excluding weekends) - given sacrifices that have been made in terms of time spent on just living, with our kid, etc.

Ideally, we would like to continue for another 5 years to pay off our outstanding loans and also to capitalise on our peak earning potential now. We would also like
to ramp up our passive income in order to keep things sustainable in the long term.

Any thoughts to share (fully aware that we're in a very enviable position)?
thank you for your csb +1


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS 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
  #2738 (permalink)  
Old 02-08-2020, 01:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k
Reply With Quote
  #2739 (permalink)  
Old 02-08-2020, 10:30 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k
Fixed deposit is the way to go. Wealth preservation is the most important in current climate.
Reply With Quote
  #2740 (permalink)  
Old 03-08-2020, 04:39 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Currently 28, single. Base salary 14k per month. Just started investing in equities a little recently. What are the best ways to grow money in my current situtation?

- Cash 310k
- Equities 20k
- CPF 130k
Have you considered buying an apartment and getting rental income? With that cash and cpf, you can easily afford something of 1.5mil.
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
Engineer Pay ( 1 2 3... Last Page)
102 Replies, 44,630 Views
Lawyer Salary ( 1 2 3... Last Page)
9,578 Replies, 3,064,889 Views
Compare civil service salary ( 1 2 3... Last Page)
10,682 Replies, 5,908,010 Views
anyone working at NCS ? ( 1 2 3... Last Page)
453 Replies, 316,231 Views
ST Electronics ( 1 2 3... Last Page)
857 Replies, 256,992 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
334 Replies, 113,301 Views
Should I switch to a higher paying... ( 1 2 3... Last Page)
32 Replies, 2,940 Views
How to start a small business ( 1 2)
11 Replies, 2,052 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,394 Replies, 587,909 Views
MAS : Mid Career Professionals ( 1 2 3... Last Page)
224 Replies, 136,443 Views
Hospital (Private or Public)...
8 Replies, 5,562 Views
Prospects of an economics degree ( 1 2 3)
25 Replies, 12,117 Views
Passive income ideas? ( 1 2 3... Last Page)
31 Replies, 18,150 Views
How much are you earning per annum? ( 1 2 3... Last Page)
12,042 Replies, 3,840,824 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
2,716 Replies, 1,128,741 Views
Possibilities, salary, etc. in the...
4 Replies, 1,009 Views
DBS tech seed programme ( 1 2 3)
29 Replies, 3,880 Views
Commercial Affairs Officer ( 1 2 3... Last Page)
137 Replies, 93,418 Views
PCB design course
2 Replies, 103 Views
How is life as a doctor in... ( 1 2 3... Last Page)
1,457 Replies, 978,498 Views
UBS Financial Services Industry... ( 1 2 3... Last Page)
156 Replies, 24,030 Views
Third Party Contract From... ( 1 2)
18 Replies, 2,255 Views
Job Application with MOE... ( 1 2 3... Last Page)
244 Replies, 224,286 Views
DBS Graduate Associate Program ( 1 2 3... Last Page)
744 Replies, 373,263 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
3,401 Replies, 2,007,068 Views
Anyone work for Casino (RWS/MBS) ?... ( 1 2)
14 Replies, 11,976 Views
Business Development Manager at... ( 1 2)
17 Replies, 7,230 Views
Sign On After 30? ( 1 2 3... Last Page)
43 Replies, 6,249 Views
Career as Teacher ( 1 2 3... Last Page)
2,872 Replies, 1,750,878 Views
Officer Role in Bank of Tokyo -... ( 1 2 3... Last Page)
188 Replies, 148,775 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:57 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2020, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2