Whats your net worth

Its Ah Hong.

Originally Posted by Unregistered

Your name happens to be Robert?

couple age 35
4 room bto 300k fully paid
shares 150k at 4% per annum
cash 200k
cpf OA + SA = 100k
no debt. intending to have a baby soon.
how are we faring at this point of our life?

29 years old, with girlfriend

I'm happy most of the time, and really enjoy my work, I don't hope to retire.

Not sure what my net worth is, because I don't really measure my life that way, but I imagine it would be around $10,000-$20,000 on paper.

Personal growth is important to me, and I'm happy to see that as I look back, my hard and soft skills have improved dramatically. My income has also increased yearly, currently varying between $5,000-10,000 per month.

My income allows me to do have most of what I want in life, a nice apartment with just enough space, a few high value possessions, good and healthy food, and regular travel.

I am becoming more and more recognized as an expert in my area, and I expect my net worth will dramatically increase within the next 5 years due to this. Since I already am on the life journey I want to be on, I don't expect my life to change much, except maybe more first class flights instead of economy.

If that the financial reward does not happen, it will be ok because I am already achieving the things I would like to achieve in non-financial areas of life.

37 years old
Female
Shares 300k
Cash 20k
Earning 10k per mth
Dividend 10k per year

Originally Posted by Unregistered

37 years old
Female
Shares 300k
Cash 20k
Earning 10k per mth
Dividend 10k per year

Do you own a property?

Originally Posted by Unregistered

Do you own a property?

Yes, hdb value at about 360k. Loan abt 200k.

Originally Posted by Unregistered

Yes, hdb value at about 360k. Loan abt 200k.

You can sell your shares and pay off your loan.

If you're single, you can actually retire in a cheaper country such as Malaysia.

Rent out your flat for $2k pm and convert to RM to get RM6.3k pm.

I will be insane to retire when i still can work and enjoy working.

Wish to continue working as long as i am able to.

Shares market the best place to make money. Will be a fool too if i sell my shares to pay off housing loan.

Originally Posted by Unregistered

I will be insane to retire when i still can work and enjoy working.

Wish to continue working as long as i am able to.

Shares market the best place to make money. Will be a fool too if i sell my shares to pay off housing loan.

shares will high chance not be profitable because reports have shown that most people lose money in stocks. Even though many may say that they receive dividends regularly, they have Not factored in the capital loss incurred.

Originally Posted by Unregistered

shares will high chance not be profitable because reports have shown that most people lose money in stocks. Even though many may say that they receive dividends regularly, they have Not factored in the capital loss incurred.

Sharing from my own experience only. I am a share investor not a trader. I bought my first share in 1986 and have been adding to my holdings for over 31 years now. I have not sold any shares other than those taken private or delisted.

Many, if not all, of my shares bought 20 to 30 years ago are now "freehold" shares. What does this mean? It means that the dividends I have collected from them have already broken even with the initial purchase price of the shares. 31 years old on, I am still hloding on to these "freehold" shares and collecting dividends.

If you bought shares of a strong company that gives 5% dividends each year, it will take 20 years for you to earn back the initial purchase price of the shares. After that, the shares become "freehold" and you still own the shares and earn the dividends each year.

Now you may think 20 to 30 years is a long time to wait, but hey, for me, its been 31 years and I am not that old - going to be 57 soon. Now enjoying the dividends from my freehold shares! And I am looking forward to enjoying the dividends for another 30 to 40 years and after that bequeath them to my children who can contniue to reap the dividends.

Warren Buffet said "The stock market takes money from the impatient and gives it to the patient".

As an investor, I pick my shares and sit back patiently collecting the yearly dividends and see them pay off the purchase price.