Whats your net worth - Page 287 - 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

Reply
 
Thread Tools
  #2861 (permalink)  
Old 22-11-2021, 04:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
50 yo couple working class

1.5 mil in SG/US stocks
1.3 mil in CPF all accounts
0.7 mil in cash/bonds
1.3 mil ppty 1 paid up
2.2 mil ppty 2 BUC mortgage 1 mil outstanding

target to work for 5 more years then retire
$6 mil net worth should look comfortable for retirement soon

Reply With Quote
  #2862 (permalink)  
Old 22-11-2021, 08:01 AM
Unregistered
Guest
 
Posts: n/a
Default

In Singapore, there are more 200k plus people who has more than USD1 million net worth. This number should rise to 400k plus by 2025.

There are about 1300 ultra high net worth individuals with net worth of more than USD 50 million.

If you work and plan from young, there is no issue to retire with a million net worth in the 50s or 60s.

The challenging part is to become ultra high net worth individual.

That said, there are many people who are not able to obtain the above.

Reply With Quote
  #2863 (permalink)  
Old 22-11-2021, 06:32 PM
Unregistered
Guest
 
Posts: n/a
Default

27 yr old female, working in bank plus twitch streaming now and then, total plus my beauty sponsors bringing in about 10k-15k per month.

20k cash
1.5m in crypto (brought cardano way back in 2017, polygon and doge last year)
1.1m in stocks (about 90% total in both tesla and plug power, brought early last year)
Before that I invested mostly in just apple, bitcoin and ethereum back in 2015.

Come from a middle class family, all of the money I made are my own.

Reply With Quote
  #2864 (permalink)  
Old 24-11-2021, 04:54 PM
Unregistered
Guest
 
Posts: n/a
Unhappy

Hello everyone. Wow seeing everyone's networth here is really demoralizing lol..

I'm a 26 male and just graduated, and will be entering a job that pays me around $5000 per month, starting December. Sadly, after paying off my school fees and other obligations, I'll be left with close to $0 in my savings, but with no debt.

​My obligations are around $3900 for whole-life insurance per year, and $200 per month in an Investment-Linked Plan. Unfortunately I have nothing in investments currently; it's one of the reasons why I have close to $0 in my savings, lost around $30,000 total screwing around with speculative plays and leverage trading crypto awhile back. Burned and a little scarred from investing/trading. Sigh.

I also have a house (BTO) coming in around 4 years with my partner, costing around around $450,000. In the meantime, I am living with my parents.

​Does anyone have tips on how to go about "adulting"? Or rather, where should I go from here? The only thing I can think of is having a first aim of looking towards saving up or having a networth of $100,000 by 30, and hopefully retire by 50? But I think I'm being overly optimistic here.. Any advice would be great!
Reply With Quote
  #2865 (permalink)  
Old 24-11-2021, 06:26 PM
Unregistered
Guest
 
Posts: n/a
Default

Dragging myself to work everyday.
The only happy thing is living in a comfortable property now (3000+ sqft 5 bedroom cluster house) but got to work to sustain this liftstyle.

39 years old male.
Local degree holder.
Worked for 15 years since graduated. Latest job started 5 years ago.

Cash : 20k
Property : worth 2.1m with 1m outstanding mortgage
Cpf: only a few k in ordinary as most are used for mortgage, medisave and retirement about 60 to 70k each.
No bonds or share, don't know all these.
Only have hospitalisation plan insurance, no saving insurance.

When can I retire?
Reply With Quote
  #2866 (permalink)  
Old 24-11-2021, 06:52 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Hello everyone. Wow seeing everyone's networth here is really demoralizing lol..

I'm a 26 male and just graduated, and will be entering a job that pays me around $5000 per month, starting December. Sadly, after paying off my school fees and other obligations, I'll be left with close to $0 in my savings, but with no debt.

​My obligations are around $3900 for whole-life insurance per year, and $200 per month in an Investment-Linked Plan. Unfortunately I have nothing in investments currently; it's one of the reasons why I have close to $0 in my savings, lost around $30,000 total screwing around with speculative plays and leverage trading crypto awhile back. Burned and a little scarred from investing/trading. Sigh.

I also have a house (BTO) coming in around 4 years with my partner, costing around around $450,000. In the meantime, I am living with my parents.

​Does anyone have tips on how to go about "adulting"? Or rather, where should I go from here? The only thing I can think of is having a first aim of looking towards saving up or having a networth of $100,000 by 30, and hopefully retire by 50? But I think I'm being overly optimistic here.. Any advice would be great!
Don't take all the posts here at face value. Many started off in the same situation as you with a loan to pay.


To achieve your objective, save up and don't get into investing yet if you are unsure.

It seems too easy to make money through investment via hyped up instrument. Many will talk about their gains but not losses. Those who made losses will probably keep quiet.
Reply With Quote

  #2867 (permalink)  
Old 24-11-2021, 08:59 PM
Unregistered
Guest
 
Posts: n/a
Default

Why is everyone here so wealthy
Reply With Quote
  #2868 (permalink)  
Old 25-11-2021, 03:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Why is everyone here so wealthy
this is selection bias...only those who are wealthy will post and share their net worth lol
Reply With Quote
  #2869 (permalink)  
Old 25-11-2021, 07:14 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
this is selection bias...only those who are wealthy will post and share their net worth lol
almost right.

only those who are rich will post

wealthy one wont come to this forum
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)
14,845 Replies, 5,039,675 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,218 Replies, 1,531,017 Views
Compare civil service salary ( 1 2 3... Last Page)
12,929 Replies, 7,649,511 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
193 Replies, 50,675 Views
Standard Chartered International... ( 1 2 3... Last Page)
68 Replies, 78,001 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
285 Replies, 117,218 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
3,942 Replies, 1,508,478 Views
UOB Management Associate Program ( 1 2 3... Last Page)
545 Replies, 308,475 Views
SIA AO grades ( 1 2 3)
20 Replies, 12,365 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,311 Replies, 2,668,766 Views
ST Electronics ( 1 2 3... Last Page)
2,405 Replies, 642,169 Views
Civil Service Bonus 2021 Year End
5 Replies, 1,211 Views
GovTech ( 1 2 3... Last Page)
709 Replies, 381,121 Views
Top Primary Schools 2009
1 Replies, 4,323 Views
NTU (non-faculty) ( 1 2 3... Last Page)
119 Replies, 133,159 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
598 Replies, 476,101 Views
Year end bonus for civil service ( 1 2 3... Last Page)
339 Replies, 70,347 Views
DBS tech seed programme ( 1 2 3... Last Page)
1,256 Replies, 315,580 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,049 Replies, 774,372 Views
Career as Teacher ( 1 2 3... Last Page)
4,171 Replies, 2,677,574 Views
IMDA (under MCI) ( 1 2 3... Last Page)
211 Replies, 80,647 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
2,807 Replies, 2,161,506 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
659 Replies, 332,993 Views
Engineer Pay ( 1 2 3... Last Page)
352 Replies, 161,197 Views
ST Engineering Land Systems ( 1 2)
19 Replies, 1,822 Views
Work culture in CPF board ( 1 2 3... Last Page)
30 Replies, 45,034 Views
DBS Wealth Manager Fresh Grad...
2 Replies, 310 Views
If you can't find a company here... ( 1 2 3)
28 Replies, 4,175 Views
PSA Undergraduate Scholarship...
7 Replies, 320 Views
Fresh Grad Account Strategist -...
0 Replies, 144 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 08:21 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2021, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2