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Topic Review (Newest First)
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)
02-10-2020 07:34 PM
allin 33 y/o m

275K cash
Just took it out of the market. Waiting for US elections to pass before I decide what to do.

No possessions

Deciding between job offers ranging between 120 (singapore) and 240K (not singapore)
02-10-2020 07:47 AM
Unregistered Age 30

Cash : 100K
Stock & Bonds : 110K
CPF : 82K ( OA + SA )

Income : 81K base salary
01-10-2020 10:47 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
34 yr old couple, annual combined around 250k

Fully paid BTO HDB inclusive of CPF refund now worth around 800k

Fully paid new car bought last year at 140k

Around 300k in cash and investments excluding cpf

Looking to upgrade when BTO MOP later this year.

In casual conversations with friends it seems that people tend to think that car owners are ridden in debt and spending sizable of our monthly income on car expenses which is not true at all. But I didn't want to correct them and would rather keep our financial situation a secret.
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.
20-09-2020 07:16 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
34 yr old couple, annual combined around 250k

Fully paid BTO HDB inclusive of CPF refund now worth around 800k

Fully paid new car bought last year at 140k

Around 300k in cash and investments excluding cpf

Looking to upgrade when BTO MOP later this year.

In casual conversations with friends it seems that people tend to think that car owners are ridden in debt and spending sizable of our monthly income on car expenses which is not true at all. But I didn't want to correct them and would rather keep our financial situation a secret.
Spending on car is relative. With 250k p.a., spendings on a car seems neglible since you have no housing loan.
19-09-2020 11:20 PM
Unregistered 34 yr old couple, annual combined around 250k

Fully paid BTO HDB inclusive of CPF refund now worth around 800k

Fully paid new car bought last year at 140k

Around 300k in cash and investments excluding cpf

Looking to upgrade when BTO MOP later this year.

In casual conversations with friends it seems that people tend to think that car owners are ridden in debt and spending sizable of our monthly income on car expenses which is not true at all. But I didn't want to correct them and would rather keep our financial situation a secret.
15-09-2020 12:13 PM
Unregistered
How to Measure Net Worth

Normally, one measure's net worth without including the property they stay in. Measure net worth after one has bought and owned his/her own property, eg HDB flat or private housing.
At 35, an average employee may take the first step to buy a HDB flat for a start.
13-09-2020 10:51 AM
Unregistered 28M & 25F (both average software engineers with above average income)

Cash: 110k
Investment: 90k (IWDA & SG reits)
No house cos we have no luck in our bto ballot

Not planning to get a car but probably will get children

We are certainly fortunate with this crappy economy and hopefully we can be FI by 40
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