Investment/Savings

nick28 SG

Hi friends,

Just wondering, what is the proportion of your monthly income (take home pay) given/invested/saved to/in the various assets/persons? These are the broad categories:

1) Car/s
2) House
3) Country club membership
4) Bank account/s
5) Unit Trusts
6) Insurance
7) Stocks and shares
Cool Parents
9) .... Pls add on ....

For me, I am in my late twenties and currently have the following:

1) Still paying the outstanding loan.. so deem more as liability than asset. Nonetheless, it makes up 30% of my take home pay
2) None, owned by my parents. My flat is coming up in 08 but monthly instalments will be covered by CPF then.
3) None
4) Try to save 30%
5) None
6) 5%
7) None, only purchase ocassionally
Cool 10%
9) Balance goes to daily expenditure and indulgence

Pls share with us your spending patterns.

spencer99 SG

A lot of things listed like "cars" and country club membership are really "consumption" and expenses....

Shouldn't really count as investment.

dragg SG

you mean liability?

shade343 SG

Well...I dont take home any pay right now...but 50% of my cash is in FD and 45% of them in stocks and shares. Laughing

spencer99 SG

For me.... 50% in Shares, 25% in FDs and Money Market funds, the remainder in Cash.

shade343 SG

Does your 50% include cash from CPF being used to invest in shares?

Texcoco II SG

In a simple note: Investments of Assests refer to things which can help u earn money, car, house and country club membership does not do that

binZ SG

Neutral

shade343 SG

Car does not....unless you rent it out.

House does not...untill you rent it out or sell it at a higher price.

Country club membership....most of the time its a liability unless you lucky enough to find a guy who is stupid enough to buy it from you at a higher price.