i would buy shares. now is a better time and a year ago to invest. not sure about the future - it can go up or down. but since we're in bearish territory with governments talking about looming recessions, my guess is that stocks are cheap now. i'm nibbling on some blue chips now. in fact, the more it falls, the more i'll nibble.

assuming the market recovers to its glorious past, i will be much better off than people who bought near the peak.

that's my strategy. caveat emptor.

average Singaporean
 

mid 40s

combined family income $150k pa

live in landed (net worth after minusing mortgage loan) $1 m

cpf combined $250K

investment property net worth $400K

cash $100K

we are just average Singaporeans ...

Did u not read the Sunday times? The 33 yr old guy flipped 4 properties and made somewhere between 1.4 to 1.8M.
I'm somewhat similar, having had the chance to buy and sell a few properties since 2003, my net worth is close to 2.3M at age 34 today. Around 1.5M of that is due to property investments, the rest from savings. My income is just under 200K p.a.

Do you know what is worse than being stupid in this world? Being ignorant.

You seem to come onto this forum to degrade others and belittle their earnings while indirectly blowing your own trumpet. You are the kind of pple who needs your own ego validated by others, sadly on an internet forum. We are here to share and celebrate others' acheivements, whether they are true or not, we should take them as a form of motivation to spur ourselves- which has no harm to us.

After reading all your posts, you seem to be sour that others have acheived a level of success you could not at that age.
i think you should change your username as it contradicts you in a comedic way.
There is always another taller mountain. Know how high the sky is and stop living in your cute little world.

Cheers.

Daredevil, you are a good role model (for even graduates) by not letting the schooling system tell you what you can or cannot achieve. :)

You are ok. It is only the start of the journey. Keep a look out for opportunities.

Like every waiter or waitress all over Hollywood, each is just waiting to become a famous singer or actor. :)

Thanks for the encouragement =)

Looking at how much you guys are earning, I think I am really in a bad position.

I'm 28 single.
My net worth.
10k cash
23k cpf (OA)
8k stocks (CPF)
61k Stocks (cash)

about 102k and no property yet.

My income is only 40k p.a and have been working for the past 6 years.
To hit what many of your guys can achieve at the age of 30+ - 40 is virtually impossible for me.

1) Anyone can tell me how to make my money work even harder for me ??
2) Assuming i take another 6 years , at the most i will hit ard 250k networth if the stock markets are kind to me. How can i improve it ??

Hi

Other than making ur money to work for you, you may want to consider the prospects of your career. You need to ask yourself what is the potential salary you can earn from your current profession. Any opportunities to promote and grow your active income quickly? May be you can consider further your studies (either part time or full time) if this can help you push through the invisible ceiling or stunter that is placed on your income potential now. Alternatively, if the prospects of your current profession does not look good and there's nothing much you can do to improve it, you may want to consider a career switch or may be even start a business esp if u have a flair in something.

While you're still young, it's best to work hard on growing your active income as your passive income won't be much with the small capital you have at the beginning. Grow the savings so that you can grow the investments.

I think you're doing okay at 28 years old with that NW. You just need a bit of luck and be opportunistic to help you get ahead. Investing the right thing at the right time is key.

Good luck!