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Whats your net worth

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  #2761 (permalink)  
Old 01-10-2020, 10:47 PM
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Originally Posted by Unregistered View Post
34 yr old couple, annual combined around 250k

Fully paid BTO HDB inclusive of CPF refund now worth around 800k

Fully paid new car bought last year at 140k

Around 300k in cash and investments excluding cpf

Looking to upgrade when BTO MOP later this year.

In casual conversations with friends it seems that people tend to think that car owners are ridden in debt and spending sizable of our monthly income on car expenses which is not true at all. But I didn't want to correct them and would rather keep our financial situation a secret.
It's true that some ppl like to think that others are over leveraging and only appear rich in the outside but full of debt inside. This makes them feel better about themselves.

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  #2762 (permalink)  
Old 02-10-2020, 07:47 AM
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Age 30

Cash : 100K
Stock & Bonds : 110K
CPF : 82K ( OA + SA )

Income : 81K base salary

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  #2763 (permalink)  
Old 02-10-2020, 07:34 PM
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allin is on a distinguished road
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33 y/o m

275K cash
Just took it out of the market. Waiting for US elections to pass before I decide what to do.

No possessions

Deciding between job offers ranging between 120 (singapore) and 240K (not singapore)

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  #2764 (permalink)  
Old 24-10-2020, 10:22 PM
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Originally Posted by Crypto_Oracle View Post
28m attached but not married
No kids

50k cash
25k CPF
1.5m Crypto
Renting and don't own any property.
No car

Started investing in crypto with some personal and friends' money. went through the toughest bear market of 2018 and still profitable. Making venture capital level of return but can exit within 2 years for most investment I made. 10x the money I put in.

Probably the only person I know among my cohort to make a million from pure investing. Hope I can be an inspiration to some young millennials that still want to make it big . Have less than 100k networth as of 2018
After the summer bull run of DeFi in crypto. my networth have increased substantially. Crypto is possibly the greatest market for open-minded and savvy investor to involved in now. Huge information asymmetry with exponential growth especially in the decentralized finance sector.

1.5m cash
10m Crypto
Renting and still no property.
No car (might buy one soon)
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  #2765 (permalink)  
Old 24-10-2020, 10:24 PM
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Default Crypto_Oracle

Quote:
Originally Posted by Veral View Post
Is crypto hard to understand and master? What strategy would you suggest for a beginner like me? I am same age as you, with similar amount of cash and CPF but 0 other investments. I do hope that I can have that extra pot of money like you one day too!
Definitely not easy but if you are willing to put in the work to learn. It's possible to generate a good risk-adjusted return.

Basically crypto is experiencing exponential growth now especially in DeFi sector.
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  #2766 (permalink)  
Old 25-10-2020, 01:00 AM
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If you are asking about the technology behind crypto, it can become quite chim if you go beyond the buzzwords. But if you are talking about trading crypto stuff like stocks and commodities, then it is pretty much the same as other young markets
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  #2767 (permalink)  
Old 17-11-2020, 07:48 PM
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currently 31. earning around 30k a month. 360k a year.

zero debt. 550k savings. no intention of car, house or anything. staying with parents in hdb.
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  #2768 (permalink)  
Old 18-11-2020, 03:52 PM
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currently 35 years , earning about 2.5million a month, 30million a year.

zero debt. 450 millions savings. no intention of car, house or anything. staying with parents in hdb.
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  #2769 (permalink)  
Old 18-11-2020, 05:00 PM
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current 28 years old single. Earning at least 10k+ a month owning a local tech startup. Savings only 50k since the rest reinvested into company.
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  #2770 (permalink)  
Old 18-11-2020, 10:48 PM
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Quote:
Originally Posted by Unregistered View Post
It's true that some ppl like to think that others are over leveraging and only appear rich in the outside but full of debt inside. This makes them feel better about themselves.
This is very true. Try telling multil - millionaires and billionaires that they are full of debt cause they own so many supercars hahah. This people only say that to make themselves feel better
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