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20-11-2020 11:11 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
27M earning 5k/mth as a civil servant.

300k in stocks and cash equivalent and living with parents in HDB. 2020 is really the year where one get rich if they seize the right opportunities with stocks like SEA,Tesla,TTD,Salesforce become easy baggers.

Started at 80k in start of 2020, and its about 300k now. Putting a sizeable amount into crypto and hope to retire by 30 with 1mil.
Well traded, but 1mio is not enough to retire on in SG. You'll need 10mio to be comfortable. Leverage up and trade, you can get there!
20-11-2020 03:48 PM
Unregistered 27M earning 5k/mth as a civil servant.

300k in stocks and cash equivalent and living with parents in HDB. 2020 is really the year where one get rich if they seize the right opportunities with stocks like SEA,Tesla,TTD,Salesforce become easy baggers.

Started at 80k in start of 2020, and its about 300k now. Putting a sizeable amount into crypto and hope to retire by 30 with 1mil.
18-11-2020 11:09 PM
Unregistered
Quote:
Originally Posted by Anarki95 View Post
This is very true. Try telling multil - millionaires and billionaires that they are full of debt cause they own so many supercars hahah. This people only say that to make themselves feel better
to be fair, if an salaried employee invests in only property for passive income, its already overleveraging
18-11-2020 10:48 PM
Anarki95
Quote:
Originally Posted by Unregistered View Post
It's true that some ppl like to think that others are over leveraging and only appear rich in the outside but full of debt inside. This makes them feel better about themselves.
This is very true. Try telling multil - millionaires and billionaires that they are full of debt cause they own so many supercars hahah. This people only say that to make themselves feel better
18-11-2020 05:00 PM
Unregistered current 28 years old single. Earning at least 10k+ a month owning a local tech startup. Savings only 50k since the rest reinvested into company.
18-11-2020 03:52 PM
Lebron James currently 35 years , earning about 2.5million a month, 30million a year.

zero debt. 450 millions savings. no intention of car, house or anything. staying with parents in hdb.
17-11-2020 07:48 PM
michaeljordan321 currently 31. earning around 30k a month. 360k a year.

zero debt. 550k savings. no intention of car, house or anything. staying with parents in hdb.
25-10-2020 01:00 AM
Unregistered If you are asking about the technology behind crypto, it can become quite chim if you go beyond the buzzwords. But if you are talking about trading crypto stuff like stocks and commodities, then it is pretty much the same as other young markets
24-10-2020 10:24 PM
Unregistered
Crypto_Oracle

Quote:
Originally Posted by Veral View Post
Is crypto hard to understand and master? What strategy would you suggest for a beginner like me? I am same age as you, with similar amount of cash and CPF but 0 other investments. I do hope that I can have that extra pot of money like you one day too!
Definitely not easy but if you are willing to put in the work to learn. It's possible to generate a good risk-adjusted return.

Basically crypto is experiencing exponential growth now especially in DeFi sector.
24-10-2020 10:22 PM
Unregistered
Update

Quote:
Originally Posted by Crypto_Oracle View Post
28m attached but not married
No kids

50k cash
25k CPF
1.5m Crypto
Renting and don't own any property.
No car

Started investing in crypto with some personal and friends' money. went through the toughest bear market of 2018 and still profitable. Making venture capital level of return but can exit within 2 years for most investment I made. 10x the money I put in.

Probably the only person I know among my cohort to make a million from pure investing. Hope I can be an inspiration to some young millennials that still want to make it big . Have less than 100k networth as of 2018
After the summer bull run of DeFi in crypto. my networth have increased substantially. Crypto is possibly the greatest market for open-minded and savvy investor to involved in now. Huge information asymmetry with exponential growth especially in the decentralized finance sector.

1.5m cash
10m Crypto
Renting and still no property.
No car (might buy one soon)
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