Whats your net worth

Besides a terrace house my family stay ( has been fully paid off)
I have following investment mainly on local properties

Unit A: value 900K, fully paid off. collecting rental : 2500/M
5RM HDB from 2nd hand market many years ago, fully paid off, rental 2000/M
Unit B: Market value 1.5M, outstanding loan 600K. rental 3800/M.
Unit C: Market value 1.25M, Outstanding loan ,700K. rental 4000/M

For Units B & C, we are paying total 7K monthly for instalment with floating interest at 2%+-, leaving us about 5.5K as net passive income from these two units after deducting 2.3K interest for the bank loans.

We are planning to retire in 3 years time after I am 60 years old. my question is :

If I have accumulated 1.8M cash in hand by the time I come to retirement ( 3 years later) , should I fully settle my outstanding loan ( i.e 1.3M) for Units B and C to enjoy gross 12K monthly income for my family expenditures without any debt ? or I could add another unit worth say 1.2M (Ucall it nit D, paid fully by cash) in my investment portfolio.

As a result, the Unit D will say collect aprox. 2500/M rental that would be able to cover the interest amount incurred by Unit B and C. My passive income will still be 12K/M at the same time I might have potential chance to win some capital gain to be generated by unit D?


What do you think would be a better way ?

[kaos]

Originally Posted by Unregistered_101

I would say

Your 1st investment property is really not performing, you should sell it off and pay off your own home. Then save up.

I would cut back on the watch purchase personally, when times are bad they literally have low value. Its an expensive hobby as well. I don't include watches as part of my networth because of this.

Also investing in stocks etf etc is not suitable for everyone, saying it is one thing but how well are you able to invest in this sector assuming you have cash. You should dabble abit to show if you suited before you consider moving your investment strategy. No issues with just property investment but one needs to pick the right props that give back a good yield and hopefully cap gains (en bloc etc)

1st investment property just bought not too long ago at fire sale price. So the yield is slightly higher (didn't buy at $1.6M) but yeah, still not as high as I would like it to be but it's really more a capital growth/en bloc play. Same with the 2nd investment property, bought at way lower than market price today (it's commercial).

Watch collection is just Pateks and Rolexes, all second hand and bought for maybe $40k in all. The $60k estimate is what i can get if i need to sell it today. Fyi, yes it is a hobby but I do flip it quite often and i never buy new. I buy opportune pieces at good prices and if i get bored, sell it for next opportunity. (I also never buy Omegas, Panerai, IWC, Longines, Hublots etc or include them in net worth as those are truly consumer watches which depreciate)

Anyway thanks for your advice and will dabble in stocks and etf investments small scale at first to get a feel. Hopefully can report back to this forum with my progress!

[kongbakpao]

29/Male
Single

cpf 50k
stocks 65k
savings 600k
gold 55k
no property
no car
no debt

Am self-employed and was blessed with a steady income the last couple of years but am clueless as to what I should do with my spare cash for investments outside of my business.

I tried to invest a little in stocks- mostly US tech, but most are not doing very well. Would like to seek the forum's opinion on what I should do? Some advise DCA investing approach in ETFs, while others advise to buy a property.

Any advise will be very much appreciated, Thank you!

Originally Posted by kongbakpao

29/Male
Single

cpf 50k
stocks 65k
savings 600k
gold 55k
no property
no car
no debt

Am self-employed and was blessed with a steady income the last couple of years but am clueless as to what I should do with my spare cash for investments outside of my business.

I tried to invest a little in stocks- mostly US tech, but most are not doing very well. Would like to seek the forum's opinion on what I should do? Some advise DCA investing approach in ETFs, while others advise to buy a property.

Any advise will be very much appreciated, Thank you!

Time to get married. What business did you do?

33, married with 1 kid:

Stocks: $700k (Long term holdings)
Cash: $200k: in Fix D & Govt Bonds (War chest to take advantage if got golden oppt)
HDB: $150k paid up & $170 still loaning, still got 3.5yrs of MOP
CPF: $50k
Car: left with $32k loan

Started invest in stocks since my poly days, sold majority of SG stocks and bought into China stocks in 2015 Sep (China debt crisis), holdings includes Tencent (bought $120+), Alibaba (bought $80 to $90), Galaxy Entertainment ($20+), ICBC etc. I only hold a few companies (<10)

Thought of starting a blog to share on my investment journey but not sure if it is really worth the effort. Moreover I am not a good writer. Was from the N level, my psle was only 180+/300. worked my way from N lev, O lev, poly, nus (drop out), ntu and subsequently ntu again for my masters. Now working as a farmer Engineer in govt related co. My plan is to "semi-retire" after my networth hit $2.5m. probably become part time lecturer or teach tuition etc. Eventually I will put half in property, half in stocks.

quite new to blogging though, is it worth the effort? since there are already so many "gurus" blogger out there. or just continue farming in my engineer job?

You can upgrade to a private property

Originally Posted by Unregistered

33, married with 1 kid:

Stocks: $700k (Long term holdings)
Cash: $200k: in Fix D & Govt Bonds (War chest to take advantage if got golden oppt)
HDB: $150k paid up & $170 still loaning, still got 3.5yrs of MOP
CPF: $50k
Car: left with $32k loan

Started invest in stocks since my poly days, sold majority of SG stocks and bought into China stocks in 2015 Sep (China debt crisis), holdings includes Tencent (bought $120+), Alibaba (bought $80 to $90), Galaxy Entertainment ($20+), ICBC etc. I only hold a few companies (<10)

Thought of starting a blog to share on my investment journey but not sure if it is really worth the effort. Moreover I am not a good writer. Was from the N level, my psle was only 180+/300. worked my way from N lev, O lev, poly, nus (drop out), ntu and subsequently ntu again for my masters. Now working as a farmer Engineer in govt related co. My plan is to "semi-retire" after my networth hit $2.5m. probably become part time lecturer or teach tuition etc. Eventually I will put half in property, half in stocks.

quite new to blogging though, is it worth the effort? since there are already so many "gurus" blogger out there. or just continue farming in my engineer job?

28 Male, Single

Stocks: $100K
Govt/Corp Bonds: $155K
CPF: $250K
Cash: $100K

Own a car
No property
No debt

Total Networth: $600K

Originally Posted by Unregistered

28 Male, Single

Stocks: $100K
Govt/Corp Bonds: $155K
CPF: $250K
Cash: $100K

Own a car
No property
No debt

Total Networth: $600K

is your car fully paid?

Originally Posted by Unregistered

28 Male, Single

Stocks: $100K
Govt/Corp Bonds: $155K
CPF: $250K
Cash: $100K

Own a car
No property
No debt

Total Networth: $600K

How many years have you worked and contributed to CPF? If you are Singaporean and have served NS, and a degree graduate, you would at most be working for 3 years. Your CPF would at most be $113k after 3 full years of contribution, contributing the maximum amount each year.

The CPF is a unique savings scheme where even if you want to put in more money, it is not allowed. Each year, you are allowed to contribute a maximum of $37,740 and not more.

That said, there are ways to build up your CPF.

One of the challenges my friends and I gave to ourselves (besides attaining certain networth by certain age) was to achieve $1m in our CPF OA by 55.

One of our friends achieved that target at 55 yrs 4 months. My OA hit $1m only when I was 56yrs and 10months old!

[lazyplane]

Most likely the poster did the following :

flip property

or

trade shares

Or

(most likely case) - BLUFF lah...

Originally Posted by Unregistered

How many years have you worked and contributed to CPF? If you are Singaporean and have served NS, and a degree graduate, you would at most be working for 3 years. Your CPF would at most be $113k after 3 full years of contribution, contributing the maximum amount each year.

The CPF is a unique savings scheme where even if you want to put in more money, it is not allowed. Each year, you are allowed to contribute a maximum of $37,740 and not more.

That said, there are ways to build up your CPF.

One of the challenges my friends and I gave to ourselves (besides attaining certain networth by certain age) was to achieve $1m in our CPF OA by 55.

One of our friends achieved that target at 55 yrs 4 months. My OA hit $1m only when I was 56yrs and 10months old!