An interesting read on how young people in their late 20s manage their finances Case 1 Have around 50k-75k of investable assets. Currently owns some REITs, business trusts, oil and gas company, commodities company and STI ETF. Small holdings in gold, Olam bonds and warrants. Currently most of my holdings are in SCB, my cash(around 16% of portfolio) in CIMB starsaver, and my gold ETF in Interactive Brokers. Will gradually (2k a month or more, depending on market news) divest ALL my non-ETF holdings and invest in ETFs. Case 2 Stock portfolio of ~100k SGD, 65% Blue-chips/mid-caps, 35% REITs. After the recent rally, im sitting on a ~0.5% unrealized gain after accounting for transaction costs but not dividends. Averaging ~$400 a month in dividend/distribution income. Fixed deposits of ~$50k for short term savings. Currently saving up to buy another car/COE when my current COE runs out in a couple of years time Yes buying a car in Singapore is one of the worst uses of money value-wise, but Im too used to the convenience, and it saves me a lot of time daily as I work at a very ulu place. Emergency fund of $20k in a savings account, plus a fluctuating surplus (currently around $13k) for spending as well as to act as a war-chest to buy stocks when valuations are good. Around ~$5k worth of Gold/Silver held physically as well as in a vault outside, for purposes as mentioned previously. It all seems like a lot, but Im still in net debt due to having a HDB mortgage of ~450k left to pay off. Ng Lip Hong, Assi AK, SG YI, Matthew Seah
Posted on: Wed, 02 Apr 2014 15:27:18 +0000
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