Whats your net worth - Page 77 - 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
  #761 (permalink)  
Old 09-03-2013, 02:16 PM
Unregistered
Guest
 
Posts: n/a
Default

Age: 39
Salary: 84k basic
Cash: 120k
Assets: no house, no car
Job: COO at IT company (300 staff)
Experience: 12 yrs
Debt: 0

Reply With Quote
  #762 (permalink)  
Old 09-03-2013, 02:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Age: 39
Salary: 84k basic
Cash: 120k
Assets: no house, no car
Job: COO at IT company (300 staff)
Experience: 12 yrs
Debt: 0
COO of a big SME at 120k only?

Reply With Quote
  #763 (permalink)  
Old 09-03-2013, 05:56 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Retired at 35

Cash: 1m
Property: zero
Gold: 10m (bought 1999 when it was 300 USD per ounce)
CPF:700K

That gold better not go down or I am screwed.
CPF 700k?
U sure or not? Can you share how it works?
In 1999, u most likely still studying, very impressed with your deep pockets to buy such large amounts of GOLD.

Reply With Quote
  #764 (permalink)  
Old 13-03-2013, 11:21 AM
Unregistered
Guest
 
Posts: n/a
Default

20, just finished NS.
Only managed to accumulate 10k cash.

Can anyone advice me how can i manage this small amount in my next four years of university?

A lot of people seems to be real rich with their investments and stuff. Care to share some tips for a youngster? To say 'invest' is easy, but how exactly? There are just so many ways, and thinking of them and not doing anything is a waste of time i figured. Really appreciate some practical inputs instead of BS.
Reply With Quote
  #765 (permalink)  
Old 13-03-2013, 11:32 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
COO of a big SME at 120k only?
Possible.

SMEs don't get paid highly. Their industry is already in a risk by those MNCs coming in. And he may be pocketing 6 - 12 months bonuses to compensate for low basic salary. He may have commissions and 'allowances' too.

I have a friend in SME engineering firm getting only 3k+ basic. But his bonus is 15 months. He look poor when we compare monthly pay but owns a lot of my peers when comparing annual package.

Just some ways for a small company to get off with less tax.
Reply With Quote
  #766 (permalink)  
Old 13-03-2013, 11:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
20, just finished NS.
Only managed to accumulate 10k cash.

Can anyone advice me how can i manage this small amount in my next four years of university?

A lot of people seems to be real rich with their investments and stuff. Care to share some tips for a youngster? To say 'invest' is easy, but how exactly? There are just so many ways, and thinking of them and not doing anything is a waste of time i figured. Really appreciate some practical inputs instead of BS.
Depends on what u want loh. If play safe just put FD, if u want to strike rich by the time finish school, the only way to make big money fastest is to play the stock market on margin or trade forex / warrant / CFD etc, but no guarantee of making money in this case.
Reply With Quote

  #767 (permalink)  
Old 13-03-2013, 01:01 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
20, just finished NS.
Only managed to accumulate 10k cash.

Can anyone advice me how can i manage this small amount in my next four years of university?

A lot of people seems to be real rich with their investments and stuff. Care to share some tips for a youngster? To say 'invest' is easy, but how exactly? There are just so many ways, and thinking of them and not doing anything is a waste of time i figured. Really appreciate some practical inputs instead of BS.
I was in a similar situation as yours, not too long ago (a decade). ive invested for nearly 10 years. first, differentiate between savings and investments. money in the bank earning paltry interest is savings and are guaranteed. stocks, gold, property are Investments. be prepared to risk losing a hefty amount from your investment portfolio. at your age though, time is on your side. put your money in a global index fund - low fees, steady (but low to mid level) gains. don't risk money you need in your investments. but anything you have left, save it and invest it for long term. one day you'll find good use for that money. good luck
Reply With Quote
  #768 (permalink)  
Old 14-03-2013, 06:34 PM
Super Member
 
Join Date: Aug 2010
Posts: 335
lazyplane is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
Age: 39
Salary: 84k basic
Cash: 120k
Assets: no house, no car
Job: COO at IT company (300 staff)
Experience: 12 yrs
Debt: 0
More truth than most other post i seen
Reply With Quote
  #769 (permalink)  
Old 16-03-2013, 04:03 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Age: 39
Salary: 84k basic
Cash: 120k
Assets: no house, no car
Job: COO at IT company (300 staff)
Experience: 12 yrs
Debt: 0
Makes me wonder, where does all your money go to?

Party every night?
Reply With Quote
  #770 (permalink)  
Old 17-03-2013, 08:44 AM
Unregistered
Guest
 
Posts: n/a
Default

I am 50 this year, single. Had relationships before but didn't work out.
Now still looking for a nice lady for a wife, preferably slim, tall and pretty.
Must be 25 years old or younger.

Currently earning $150k pa
Owns a 2 bedroom condo
Drives a 5 series
Cash $200k
Net worth, only $2m

Any interested Singaporean ladies, please do let me know.
Thanks.
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 16 23-09-2023 10:41 PM
legal profession not worth it? alarme Income and Jobs 3 05-04-2010 03:35 PM

» 30 Recent Threads
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,305 Replies, 4,982,652 Views
Career as Teacher ( 1 2 3... Last Page)
10,827 Replies, 6,664,761 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
679 Replies, 388,168 Views
GovTech ( 1 2 3... Last Page)
5,160 Replies, 2,163,155 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,528 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,902,493 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,455 Replies, 784,297 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,799 Replies, 1,043,685 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,353 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,656,563 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
309 Replies, 368,912 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,338 Replies, 4,769,435 Views
Compare civil service salary ( 1 2 3... Last Page)
16,342 Replies, 12,454,198 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
169 Replies, 309,037 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 813,848 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,784 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,385 Replies, 2,323,756 Views
Lawyer Salary ( 1 2 3... Last Page)
21,013 Replies, 10,328,502 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 358,242 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,049 Replies, 440,468 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,375,056 Views
ST Electronics ( 1 2 3... Last Page)
3,767 Replies, 1,544,381 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 613,473 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,738,337 Views
MX12 reappointed at MX11
8 Replies, 794 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
749 Replies, 405,447 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,329 Replies, 1,142,002 Views
MFA- Foreign Service... ( 1 2 3... Last Page)
54 Replies, 84,947 Views
Cybersecurity/Info security career ( 1 2 3... Last Page)
511 Replies, 268,531 Views
Singapore Airlines ( 1 2 3)
22 Replies, 11,272 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:09 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2