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28-05-2013, 10:13 PM
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Quote:
Originally Posted by Unregistered
I suppose you made a lot of money from investments? Stocks or property?
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made $1.8M mainly from property and some from stocks. rest was savings from income
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29-05-2013, 08:44 AM
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The past 10 years was wonderful. I managed to increase my family's net worth by 7 times from $300k to $2.1m. I successfully invested and divested in a few properties and make profits of $1.5m. Today, we own 3 beautiful virgin condos (not those old, haggard looking condos in D9, 10). I plan to retire next year when I reach 50, with a passive income of $6k a month. Plan to sell the car and stop having a domestic helper. Estimated that my monthly household expenses will be about $5k a month. Life is great!
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02-06-2013, 08:17 PM
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Couple in mid 40's. Combined income $160k pa.
Net worth, including primary home, $1.7m.
Hope to retire by 55, expecting net worth to rise to $3m in 10 years time as property prices will appreciate over the next 10 years because of steady economic growth in Singapore.
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02-06-2013, 09:18 PM
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Quote:
Originally Posted by Unregistered
Couple in mid 40's. Combined income $160k pa.
Net worth, including primary home, $1.7m.
Hope to retire by 55, expecting net worth to rise to $3m in 10 years time as property prices will appreciate over the next 10 years because of steady economic growth in Singapore.
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You thinking of retiring in a 3rd world country? It seems your projected net worth of $3m is shored up by your primary property. You should work towards building a retirement sum independent of your primary property.
You still have time on your side though. My highest rate of savings was in the last 8 years from 45 till now. This was because we paid up our home at 45. Our yearly savings then steadily increased from $180k to current rate of $250k now, helped by dividends from stocks.
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03-06-2013, 12:19 AM
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Quote:
Originally Posted by Unregistered
You thinking of retiring in a 3rd world country? It seems your projected net worth of $3m is shored up by your primary property. You should work towards building a retirement sum independent of your primary property.
You still have time on your side though. My highest rate of savings was in the last 8 years from 45 till now. This was because we paid up our home at 45. Our yearly savings then steadily increased from $180k to current rate of $250k now, helped by dividends from stocks.
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Do you keep all your savings in cash? If not, how do you allocate your savings? For me, it's about 25% equities and 75% cash.
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03-06-2013, 08:16 AM
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My hubby and I made a total of $3mil in profits over the past 10 years from property investments. We are both 48 this year and decided to retire and do charity work. Our passive income from our current fully paid up properties is $8k pm. We now have more time to spend with our parents. We exercise everyday in the gym to keep fit and happy. Money is not everything in life.
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03-06-2013, 08:18 AM
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Quote:
Originally Posted by Unregistered
Do you keep all your savings in cash? If not, how do you allocate your savings? For me, it's about 25% equities and 75% cash.
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Our savings not efficiently /productively invested. Most are in FD ($600K) and CPF (>$1M). Our exposure to stock started long ago and now worth $800K. We always console ourselves that when property market corrects, we are ready to pounce.
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03-06-2013, 08:30 AM
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Quote:
Originally Posted by Unregistered
Our savings not efficiently /productively invested. Most are in FD ($600K) and CPF (>$1M). Our exposure to stock started long ago and now worth $800K. We always console ourselves that when property market corrects, we are ready to pounce.
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The most property prices will correct is 5% for CCR and RCR and then remain stagnant for many years.
For OCR, prices will go higher and close the price gap with CCR.
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03-06-2013, 12:50 PM
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Quote:
Originally Posted by Unregistered
The most property prices will correct is 5% for CCR and RCR and then remain stagnant for many years.
For OCR, prices will go higher and close the price gap with CCR.
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True, CCR prices will correct. OCR price will rise because of the new MRT lines.
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03-06-2013, 12:57 PM
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Quote:
Originally Posted by Unregistered
My hubby and I made a total of $3mil in profits over the past 10 years from property investments. We are both 48 this year and decided to retire and do charity work. Our passive income from our current fully paid up properties is $8k pm. We now have more time to spend with our parents. We exercise everyday in the gym to keep fit and happy. Money is not everything in life.
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Congratulations. My wife and I also retired last year. We made profits of $2m in total. Our passive income from our two rental condos is $7k pm, while we live in a HDB flat in Bukit Merah. Our estimated net worth is about $3.5m. We hope this is enough to last us till we reach 80.
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