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11-01-2013 03:23 PM
conservative investor
Quote:
Originally Posted by Unregistered View Post
Since your wife is not working and you pay isn't super high (I assume), can I say that part of your wealth comes from "old money"? IE, inheritance.
currently i make around $200K per year. my wife used to make $100K before stopping work 1 year back.

just like most people we started working with < $1K in bank account and no financial gifts from parents or inheritance.

however, we did save hard and instead of stating off with a Hdb like most poeple, we took quite big loans to leverage on property in 2003 and 2009 when not many people buying, and selling off in 2007 and 2011. right now demand for property is strong, so i prefer to stay out.
11-01-2013 02:06 PM
Unregistered
Quote:
Originally Posted by conservative investor View Post
i already have a double-storey freehold terrace (for own stay, not to rent out). not keen on adding an investment property now as the ones which i am interested in are quite expensive.
Since your wife is not working and you pay isn't super high (I assume), can I say that part of your wealth comes from "old money"? IE, inheritance.
11-01-2013 02:36 AM
conservative investor
Quote:
Originally Posted by Unregistered View Post
You have a lot of cash. too much? I.e. $740k. Can easily down a pty? Me, small stand-by cash left after downing and staying in private. Passive: $2,500 from HDB. full-stop.
i already have a double-storey freehold terrace (for own stay, not to rent out). not keen on adding an investment property now as the ones which i am interested in are quite expensive.
11-01-2013 12:22 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Rental income $16k
FD interest $1.2k
Dividends $4k

36 years old, banker
rich! give others a chance please.
11-01-2013 12:08 AM
Unregistered Rental income $16k
FD interest $1.2k
Dividends $4k

36 years old, banker
10-01-2013 11:25 PM
Unregistered You have a lot of cash. too much? I.e. $740k. Can easily down a pty? Me, small stand-by cash left after downing and staying in private. Passive: $2,500 from HDB. full-stop.

Quote:
Originally Posted by conservative investor View Post
age 36, married. i work as a Manager (IT), wife not working now

our modest passive income:

interest : around $350 per month ($580K in savings account)
dividends : around $750 per month ($160K in reits)
money market account: around $50 per month ($35K in account)

total passive income: $1150 per month
10-01-2013 09:36 PM
Unregistered Working in the logistics line and 39 this year...

stocks and reits = $3900 per month
interest from banks and bonds = $1100 per month
rent from HDB = $2400 per month
annutities = $900 per month
10-01-2013 09:30 PM
Unregistered iphone apps - $3k
websites - $3k
dividends - $500 (market value of shares $300k)
interests - $500 (about $500k in lousy time deposits)
net income from rental - $1k

job - $30k (together with wife)

not getting rich any time soon.
10-01-2013 08:08 PM
Unregistered
Quote:
Originally Posted by conservative investor View Post
age 36, married. i work as a Manager (IT), wife not working now

our modest passive income:

interest : around $350 per month ($580K in savings account)
dividends : around $750 per month ($160K in reits)
money market account: around $50 per month ($35K in account)

total passive income: $1150 per month
There are a lot of nonsense posts here. Idiots that post nonsense try to defend themselves by saying that normal people cannot contemplate how the rich invest.

The above is a good example of a reasonable post. Everything is detailed and makes sense. Most of the other posts are nonsensical. It's nonsense to talk about rental without talking about mortgage payments and vacancy cost etc. Unless payment was all in cash then that's inefficient.

Pls share reality, not easily discernible fantasies.
10-01-2013 07:31 PM
conservative investor age 36, married. i work as a Manager (IT), wife not working now

our modest passive income:

interest : around $350 per month ($580K in savings account)
dividends : around $750 per month ($160K in reits)
money market account: around $50 per month ($35K in account)

total passive income: $1150 per month
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