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02-10-2020, 07:47 AM
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Age 30
Cash : 100K
Stock & Bonds : 110K
CPF : 82K ( OA + SA )
Income : 81K base salary
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02-10-2020, 07:34 PM
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Junior Member
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Join Date: Oct 2020
Posts: 2
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33 y/o m
275K cash
Just took it out of the market. Waiting for US elections to pass before I decide what to do.
No possessions
Deciding between job offers ranging between 120 (singapore) and 240K (not singapore)
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24-10-2020, 10:22 PM
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Update
Quote:
Originally Posted by Crypto_Oracle
28m attached but not married
No kids
50k cash
25k CPF
1.5m Crypto
Renting and don't own any property.
No car
Started investing in crypto with some personal and friends' money. went through the toughest bear market of 2018 and still profitable. Making venture capital level of return but can exit within 2 years for most investment I made. 10x the money I put in.
Probably the only person I know among my cohort to make a million from pure investing. Hope I can be an inspiration to some young millennials that still want to make it big  . Have less than 100k networth as of 2018 |
After the summer bull run of DeFi in crypto. my networth have increased substantially. Crypto is possibly the greatest market for open-minded and savvy investor to involved in now. Huge information asymmetry with exponential growth especially in the decentralized finance sector.
1.5m cash
10m Crypto
Renting and still no property.
No car (might buy one soon)
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24-10-2020, 10:24 PM
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Crypto_Oracle
Quote:
Originally Posted by Veral
Is crypto hard to understand and master? What strategy would you suggest for a beginner like me? I am same age as you, with similar amount of cash and CPF but 0 other investments. I do hope that I can have that extra pot of money like you one day too! |
Definitely not easy but if you are willing to put in the work to learn. It's possible to generate a good risk-adjusted return.
Basically crypto is experiencing exponential growth now especially in DeFi sector.
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25-10-2020, 01:00 AM
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If you are asking about the technology behind crypto, it can become quite chim if you go beyond the buzzwords. But if you are talking about trading crypto stuff like stocks and commodities, then it is pretty much the same as other young markets
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17-11-2020, 07:48 PM
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Junior Member
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Join Date: Nov 2020
Posts: 6
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currently 31. earning around 30k a month. 360k a year.
zero debt. 550k savings. no intention of car, house or anything. staying with parents in hdb.
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18-11-2020, 03:52 PM
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currently 35 years , earning about 2.5million a month, 30million a year.
zero debt. 450 millions savings. no intention of car, house or anything. staying with parents in hdb.
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18-11-2020, 05:00 PM
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current 28 years old single. Earning at least 10k+ a month owning a local tech startup. Savings only 50k since the rest reinvested into company.
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18-11-2020, 10:48 PM
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Verified Member
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Join Date: Jun 2020
Posts: 21
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Quote:
Originally Posted by Unregistered
It's true that some ppl like to think that others are over leveraging and only appear rich in the outside but full of debt inside. This makes them feel better about themselves.
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This is very true. Try telling multil - millionaires and billionaires that they are full of debt cause they own so many supercars hahah. This people only say that to make themselves feel better
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18-11-2020, 11:09 PM
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Quote:
Originally Posted by Anarki95
This is very true. Try telling multil - millionaires and billionaires that they are full of debt cause they own so many supercars hahah. This people only say that to make themselves feel better
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to be fair, if an salaried employee invests in only property for passive income, its already overleveraging
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