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 How much is your net worth?, gauging your financial performance.

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noprogambler
post Apr 8 2013, 05:15 PM

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QUOTE(kelvinlym @ Apr 8 2013, 05:03 PM)
You forgot to add your car value as an asset.  However, the value should be amortized, unless your car has current value of zero.
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In my view, car is not an asset so I write off it from the asset. In addition, I exclude EPF as well, because I don't trust EPF can return my money fully when I retire as long as the exist of the current government which keeps forcing EPF to its fund to unguaranteed bonds.

This post has been edited by noprogambler: Apr 8 2013, 05:16 PM
noprogambler
post Apr 8 2013, 05:16 PM

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QUOTE(Pink Spider @ Apr 8 2013, 05:04 PM)
All local shares?
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Yes 100% local shares.
Halamdar
post Apr 8 2013, 05:17 PM

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QUOTE(noprogambler @ Apr 8 2013, 04:02 PM)
This thread is a bit show off wink.gif .

But since I am an anonymity, I would like share my information tongue.gif .

Age: 30 (Single)
Monthly Income: RM5,500 (Gross EPF & Tax)
Monthly Estimated Expenses: RM4,000
Expected Yearly Bonus: RM11,000 (about 2-month year end bonus of which I have been rewarded in the past year)
Expected Yearly Dividend Income: RM4,000 (2% dividend yield of the shares portfolio of which I have been receiving in the past years) <-- this should be RM10,000, forget to count in the 2% DY on the RM300,000 shares bought through share margin
Expected Yearly Savings: RM30,000 <-- should be RM24,000, with additional 2% DY on the RM300,000 shares bought through share margin, forget to build in the share margin interest sweat.gif

EPF: RM60,000

Assets:
Unit Trust: RM2,500
Shares: RM500,000
House: RM100,000 (the house is fully paid and its market price is estimated to be RM200,000, shared 50% with my brother)
Land: RM300,000 (market price)
Total Assets = RM902,500

Liabilities:
Car Mortgage: RM41,000 (another 48-month installments)
Share Margin Facilities: RM300,000
Total Liabilities = RM341,000

Net Assets = RM561,500
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Share margin facility > no interest incurred meh ?
noprogambler
post Apr 8 2013, 05:17 PM

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QUOTE(gark @ Apr 8 2013, 03:59 PM)
Nah inspiration for you, 30+ year old, super duper kiam siap accountant..

Passive income (from dividend) =  SGD 120k ++ per year... wink.gif

http://singaporeanstocksinvestor.blogspot....ome-from-s.html
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This fellow is good, I not even 10% of him sweat.gif .
SUSPink Spider
post Apr 8 2013, 05:22 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:16 PM)
Yes 100% local shares.
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would u say urself a buy-and-hold investor or a trader?
noprogambler
post Apr 8 2013, 05:22 PM

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QUOTE(Pink Spider @ Apr 8 2013, 03:34 PM)
whole life I only drank Sitabark kopi 2 times, 2 times also ppl pay. If u ask me go yamcha at Sitabark and ask me pay myself u gonna see a very black grumble.gif face
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I worse than you in the experience in drinking the Starbuck coffee, as I will become over-excited after drinking the Starbuck coffee, so I very seldom drink the Starbuck coffee, not even when my friend pay it for me. I'm just not deserve to drink the Starbuck coffee blush.gif .
noprogambler
post Apr 8 2013, 05:23 PM

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QUOTE(Pink Spider @ Apr 8 2013, 05:22 PM)
would u say urself a buy-and-hold investor or a trader?
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Buy and hold. I am still holding the 1st stock I bought since age 21 tongue.gif .
SUSPink Spider
post Apr 8 2013, 05:25 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:23 PM)
Buy and hold. I am still holding the 1st stock I bought since age 21 tongue.gif .
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just like what my big boss advised me to, buy quality stocks and hold til u die or until got red light (falling profit, incapable management, hanky-panky etc) hmm.gif
kelvinlym
post Apr 8 2013, 05:28 PM

Yes, that was my car.
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QUOTE(noprogambler @ Apr 8 2013, 10:15 AM)
In my view, car is not an asset so I write off it from the asset. In addition, I exclude EPF as well, because I don't trust EPF can return my money fully when I retire as long as the exist of the current government which keeps forcing EPF to its fund to unguaranteed bonds.
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If you are writing it off, then that's fine. It's always better to be conservative. smile.gif

I still have my car on my assets, but amortized linearly over 5 years because I paid it in cash.
noprogambler
post Apr 8 2013, 05:28 PM

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QUOTE(Pink Spider @ Apr 8 2013, 05:25 PM)
just like what my big boss advised me to, buy quality stocks and hold til u die or until got red light (falling profit, incapable management, hanky-panky etc) hmm.gif
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Who is your big boss?
noprogambler
post Apr 8 2013, 05:30 PM

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QUOTE(Halamdar @ Apr 8 2013, 05:17 PM)
Share margin facility > no interest incurred meh ?
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Already built in the 'Expected Yearly Savings' by saying that 'forget to build in the share margin interest' blush.gif
SUSPink Spider
post Apr 8 2013, 05:30 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:28 PM)
Who is your big boss?
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My Managing Director notworthy.gif
noprogambler
post Apr 8 2013, 05:32 PM

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QUOTE(Pink Spider @ Apr 8 2013, 05:30 PM)
My Managing Director notworthy.gif
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I see. Is he a fund manager?
SKY 1809
post Apr 8 2013, 05:36 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:32 PM)
I see. Is he a fund manager?
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Boss likes to talk and act like Fun manager hmm.gif
SUSPink Spider
post Apr 8 2013, 05:39 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:32 PM)
I see. Is he a fund manager?
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QUOTE(SKY 1809 @ Apr 8 2013, 05:36 PM)
Boss likes to talk and act like Fun manager hmm.gif
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laugh.gif

He is slowly giving more power to his deputy, so now quite free can talk c0ck invest. Yea it sounds like SP Setia's Liew Kee Sin, but I'm not working in SP Setia tongue.gif
gark
post Apr 8 2013, 05:40 PM

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QUOTE(Pink Spider @ Apr 8 2013, 05:25 PM)
.... hold til u die ....
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Like that when gonna enjoy your profits.... laugh.gif
noprogambler
post Apr 8 2013, 05:41 PM

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QUOTE(gark @ Apr 8 2013, 05:40 PM)
Like that when gonna enjoy your profits.... laugh.gif
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Genting's Lim Goh Tong hold till he died what and he enjoyed a lot.
SUSPink Spider
post Apr 8 2013, 05:42 PM

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QUOTE(gark @ Apr 8 2013, 05:40 PM)
Like that when gonna enjoy your profits.... laugh.gif
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If children no money buy coffin, just wrap my body with my share certificates and burn laugh.gif
gark
post Apr 8 2013, 05:48 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:41 PM)
Genting's Lim Goh Tong hold till he died what and he enjoyed a lot.
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LGT different story lar.. his CEO/chairman salary in all his companies already multi million RM per year.. more than enough for him to spend lar..
gark
post Apr 8 2013, 05:50 PM

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QUOTE(noprogambler @ Apr 8 2013, 05:17 PM)
This fellow is good, I not even 10% of him sweat.gif .
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He is my idol for passive investment....if i reach his stage, i will retire.... rclxms.gif
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