Whats your net worth

Originally Posted by Unregistered

When I said $1.5m in CPF, it doesn't mean that it's with the CPF board. The special account is maxed out to get the 4% yield, but about 80% of the ordinary account is in a unit trust that yields 1% of NAV per quarter or about 4% per year and gives me equities upside in the long term. Return on my ordinary account has been roughly 6-7% for the past 10 years. I don't use CPF for property because I can borrow USD or SGD for about 0.8-0.9% currently. Interest and dividends on my CPF alone give me about $3,500 per month or about $40-50K per year. I consider myself a conservative but steady investor.

Looks like you know something about investment. you can always use your cash in investment. cpf has restrictions on how you can use them. you will have better returns using cash than cpf. even at 0.9%, it can amount to alot of money if the loan is big. i think you have made some serious miscalculations in handling your finance, i know i wont do it your way, you are just walking on thin ice. but some people can just get lucky.

[jason78]

www.propertylaunch.org

My current networth..

Income 48k p.a
CPF 45k (30k O.A , 15k invested value)
Cash 10k
Stocks 75k
total = 178k.

Currently 29

Originally Posted by InitialD-

My current networth..

Income 48k p.a
CPF 45k (30k O.A , 15k invested value)
Cash 10k
Stocks 75k
total = 178k.

Currently 29

You are on track to 1m net worth by 40, a target which most uni grads can achieve.

im am 25

Cash: 8k
CPF: None (Just cleared for BTO flat)
Annual income: 47pa

Worked for 4 years.

Please advise if i should work harder? Feel like im getting below average here in this forum.

Originally Posted by xane

im am 25

Cash: 8k
CPF: None (Just cleared for BTO flat)
Annual income: 47pa

Worked for 4 years.

Please advise if i should work harder? Feel like im getting below average here in this forum.

Try to save 50% of your income and you'll be fine.

[mighty]

age: 39 married with kids
income: $120k
property: freehold, valued at 1.5m, bought 500k outstanding 200k
cash: 50k

Originally Posted by mighty

age: 39 married with kids
income: $120k
property: freehold, valued at 1.5m, bought 500k outstanding 200k
cash: 50k

So little savings? Holding stocks and shares?

Age 39.

N level Qualification 1988.
Adv/Diplomas private schools

500K HDB (Outstanding 320K)
1.1m Condo (Outstanding 590K)
Cash/Stock 50K
CPF 130K (include OA/SA/MA)
Car 50K Fully Paid

Hb 40, me 34

HDB 330K (loan - 158k)
CPF 150K (approx.)
shares 20k
cash 10k.

still a long way to go...