Whats your net worth

Originally Posted by Unregistered

I haven't tried buying stocks yet...which financial institution should I go to who can help me buy the right stocks? And which banks in Singapore can give a better return on savings? Not savings account but investment vehicles who can give a safe , reasonable return? Thanks much.

just ask a close friend to teach you how to buy stocks online. i personally use ketrade.com.sg. you'll need open a CDP account too.

to learn about stocks, read some books on local stocks. basically, u need to read widely with a skeptical mind - in particular, don't trust 2 kinds of people: people who conduct seminars and sales staff (who push you to buy unit trusts, investment-linked insurance plans and other funny instruments). it is in their interest to make money from you, not to teach you how to do well. they'll feed you with basic knowledge that doesn't cost a cent to learn.

to play safe, buy blue chip companies. but you will need some capital.

when you have more money, you can also learn how to buy a 2nd property. the first property, which is most likely a hdb flat, is for you to stay in.

good luck.

Age 26.
Working in Finance Industry for 3 years
2010 Income - $65K
Savings - $0
Loan - $4k
C.C - $12K (due to unforseen circumstances in my 2nd year of work)

Am i the worse of the lot?

Seem like there's indeed a lot of millionaires around, at least this is what I gather after reading this forum, which re-confirmed the fact that we have 11.4% of millionaire household of 1m USD of investible assets....

Wow, 11.4%!! Unfortunately I'm not one of them...

So I guess most of the postings here are indeed credible...

Originally Posted by Unregistered

you have cash 3.5mil and nothing in property and stocks? even a 100 y.o granny knows not to stick 3.5mil cash in the bank! Or are they 3.5mil in monopoly notes? OMFG, what a bunch of BS'ers. Now I know how pathetic some of the losers in this forum are.

hey, please don't jump to your own conclusion! i was too busy with my work to look for properties. I am holding much more cash now through profits in my business and still have not bought a 2nd property which I admit is a mistake. I will spend some time to look for some properties in Europe this year

Everyone is so rich here.......on paper (pun intended).

Seems like all the news on Singaporean not saving enough is BS.

Not only are we saving, we are Warren Buffet equal as well.

Originally Posted by Unregistered

Everyone is so rich here.......on paper (pun intended).

Seems like all the news on Singaporean not saving enough is BS.

Not only are we saving, we are Warren Buffet equal as well.

or it means the rich know how to surf web and post anonymously at such discussion forums.

House - $125mil
Annual Property Tax - $991,000
Given to Charity - $28 billion

Current net worth: $55 billion

Well - I can be Bill Gates when I am talking in a forum like this anonymously.

Originally Posted by Bill Gates

House - $125mil
Annual Property Tax - $991,000
Given to Charity - $28 billion

Current net worth: $55 billion

Well - I can be Bill Gates when I am talking in a forum like this anonymously.

And what does that gain you?...............Anonymously?

I notice that whenever the networths/salaries posted here become too high for comfort, the Bill Gates, Sultan of Bruneis and Warren Buffetts will appear.

Originally Posted by Unregistered

I notice that whenever the networths/salaries posted here become too high for comfort, the Bill Gates, Sultan of Bruneis and Warren Buffetts will appear.

Yes agree with you. All the ''red eyes''. Most people cannot take it if their classmates or peers earn more than them. You lose friends when you reveal you earn more than them