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09-08-2012, 09:24 AM
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My wife and I earned a combined salary of S$500,000 per annum.
We lived in a bungalow, worth S$5 mil, fully paid.
We have S$1 mil in cash and 3 condos, fullly paid.
We are both in our 50s and planning to retire soon.
Life is great. Our secret - investing in Singapore properties for the past 20 years and minimise spending and invest the rest.
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10-08-2012, 08:13 AM
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Senior Member
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Join Date: Jan 2012
Posts: 76
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15-10-2012, 10:20 AM
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age: 25
fresh local grad
networth: 300k sgd
250k investments/fix D, 50k cash at hand.
It is easy to make money these days with correct strategy.
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15-10-2012, 02:57 PM
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Quote:
Originally Posted by Unregistered
Just curious, what was your last drawn salary? Just trying to gauge if I will get there
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Hi.I am another typical singaporean that manage to reach a reasonable networth of $2m (exclude primary residence) with no inheritance and an average combined income of $180,000 per annum.It is very possible to do it if you r disciplined and focus enough with a open mindedness to take bit of risks.I am aged 40.
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15-10-2012, 10:42 PM
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Quote:
Originally Posted by Unregistered
Congrats on your achievement!
Is it combined net worth?
Considering the relatively modest combined income, I'm guessing you must have bet correctly in properties. Am I right?
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Yeah unfortunately it is combined net worth so honestly there is nothing to be proud about lah.
Yes properties were part of my investment portfolio.They were integral to building wealth in Singapore.do take advantage of it.
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15-10-2012, 11:23 PM
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Quote:
Originally Posted by Unregistered
Yeah unfortunately it is combined net worth so honestly there is nothing to be proud about lah.
Yes properties were part of my investment portfolio.They were integral to building wealth in Singapore.do take advantage of it.
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At your age, you should have experienced both the property crashes in recent history (or both booms depending on how one looks at it). Don't you think prices now are quite ridiculous? Are you still holding or have sold?
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16-10-2012, 08:40 AM
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Quote:
Originally Posted by Unregistered
At your age, you should have experienced both the property crashes in recent history (or both booms depending on how one looks at it). Don't you think prices now are quite ridiculous? Are you still holding or have sold?
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Yeah entered property market when it was down and sold off most of my portfolio.Prices are high now so not brave enough now to enter market.Now older so not so garang anymore.It is about wealth preservation and slow growth for me.A quarter of my portfolio is now in professional hands.
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16-10-2012, 03:37 PM
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i also want to contribute to the castle building here
age 29
cash: 2.8mil
property: 2 condo valued at $5.8mil, 2 terrace valued at 6.3mil and 1 semi d valued at 11mil
stocks: 4.5mil in stocks, monthly average dividend of 32k
business revenue: 46.2 mil as of last FY
cars: 2 cars valued at 950k collectively
CPF: 1.3mil
happens, but not sure where
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18-10-2012, 09:35 PM
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Sharing my a little kid networth
age 23
cash: 145k
property: 0. im not married and i cant afford a condo downpayment at all.
stocks: abt 5k. still stuck. i think im a idiot i dont really know whr to invest
work:in real estate business. been working almost 3 years. i make about 100k a year. but im bad at saving. yes im just a very normal agent, not a producer.
cars: 1 kia forte a 2nd hand car.(10 years loan of 41k more to go. 20k downpayment)
CPF: 0 tink only got medisave lol. (self employ)
after reading the posts here, i realised singaporeans all like a loaded ah. or its just dua pao one lol.
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