Whats your net worth

Originally Posted by Unregistered

Couple age 48 & 53 (non grads), 3 kids age 15, 18, 22.

Both Small biz owners
average combined annual income $180k
Combined savings $1M (need $300K for kids local U expenses)
SG/US Stocks/unit trusts $450K
CPF $120K
Condo $1.1M fully paid upp
5-yr old MPV car value $90K, loan $40k, intend to pay up
soon

Our stocks are not giving us good dividends.
Intend to invest more on local blue chips and/or a 2nd
property - is it a good time? Or should we hold and
wait....?

Thank you for all experts' advice.

if youa re looking for income, can consider telco or reits. i am invested in reits mainly ($250K)

as for 2nd property, can wait a while more but the objective should be capital gain not income.

what kind of small business if you don't mind sharing? i'm 38 and married with 3 kids, wouldn't mind working towards setting up a small business like yourself

i am a 24 yo student turning 25 eoy. Graduating september.

net worth of 55k in stocks. and a few k in cash for daily expenses, a part of which paid for by some small dividends. I do not take allowance.

I feel poor reading all the big stories here of multi million net worth people.

However, compared to my fellow student friends, i am okay.

i hope to be able to retire at 45 and do what i love and spend more time with my family.

Don't worry, you will also be rich one day.
Here is the formula:

Step 1: Find a wife and get married soonest possible.
Step 2: Buy a BTO HDB flat, very cheap.
Step 3: After MOP apply for another BTO flat.
Step 4: After getting 2nd BTO flat, sell current flat and make lots of profit.

Things to do:
1. Save as much cash as possible and wait for stock market to crash and buy cheap stocks.
2. Invest in high quality blue chips.
3. Exercise regularly to keep fit.

Things not to do (these will make you lose lots of money):
1. Do not drink.
2. Do not smoke.
3. Do not gamble.
4. Do not womanize.
5. Do not invest in get rich quick schemes, pyramid schemes, ponzi schemes.
6. Do not buy a car.

Originally Posted by Unregistered

i am a 24 yo student turning 25 eoy. Graduating september.

net worth of 55k in stocks. and a few k in cash for daily expenses, a part of which paid for by some small dividends. I do not take allowance.

I feel poor reading all the big stories here of multi million net worth people.

However, compared to my fellow student friends, i am okay.

i hope to be able to retire at 45 and do what i love and spend more time with my family.

If you noticed, many of the posting are identical claiming to make over $100k pa and generating 5% dividend from stocks. My take is the same troll posting again and again.

Which part do you find difficulty believing? The $100k pa income or the 5% dividends?

Many people should be earning above $100k pa and getting 5% dividends is also very achievable. Many would be achieving higher returns if they are heavily loaded on REITs.

However, the part about throwing everything into stocks to earn the 5% return is rather risky and not sure how many would dare do this when they are actually retired. Otherwise the $100k pa income and 5% dividend returns are actually chicken feed.

Originally Posted by Unregistered

If you noticed, many of the posting are identical claiming to make over $100k pa and generating 5% dividend from stocks. My take is the same troll posting again and again.

Here comes the troll!

Originally Posted by Unregistered

Which part do you find difficulty believing? The $100k pa income or the 5% dividends?

Many people should be earning above $100k pa and getting 5% dividends is also very achievable. Many would be achieving higher returns if they are heavily loaded on REITs.

However, the part about throwing everything into stocks to earn the 5% return is rather risky and not sure how many would dare do this when they are actually retired. Otherwise the $100k pa income and 5% dividend returns are actually chicken feed.

[financialfreedom]

27, single

Income: $60k
Investment: $30k (shares + unit trust)
Cash: $60k

No liability

For those who have managed to achieve FF, any advise what else should I do?
I'm thinking of moving more money into investment.
Looks like too much cash on hand?

You should get married, buy a cheap BTO, two times and make big profits. When you retire, buy the HDB studio flat for the elderly costing $70k only and use the cash balance to retire.

Originally Posted by financialfreedom

27, single

Income: $60k
Investment: $30k (shares + unit trust)
Cash: $60k

No liability

For those who have managed to achieve FF, any advise what else should I do?
I'm thinking of moving more money into investment.
Looks like too much cash on hand?

Marry a rich man if you are a woman, marry a rich woman if you are a man.

So easy.

Originally Posted by financialfreedom

27, single

Income: $60k
Investment: $30k (shares + unit trust)
Cash: $60k

No liability

For those who have managed to achieve FF, any advise what else should I do?
I'm thinking of moving more money into investment.
Looks like too much cash on hand?

Originally Posted by Unregistered

Marry a rich man if you are a woman, marry a rich woman if you are a man.

So easy.

You must look like Mr or Ms Universe then.