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Can I say that job income is most important to start saving and allocating to different investments? The reason your networth is about $2 million at 39 is due to your above average job income.
Great video and thanks for your transparency. When calculating net worth do you keep track of how much is contribution from inheritance. Wonder what that looks like in your case.
Happy birthday and great job with the accumulation. Btw should we include residential home as part of the net worth since it’s not immediately available for use ?
But how does this net worth make u financially free? If someone has a fully paid condo worth 2mil that he and his family lives in, and no other assets, his net worth is 2mil, but is he financially free?
Josh!!~You are only ok only at age of 39 with S$1.72 million networth but your cash is too little!! When I was your age I left Singapore in 1988 after 10 years work in UPPER THOMSON, my cash networth was US$542,000.00 (S$1,083,500.00) in CASH!! Another 2 properties in HK & China!! CASH is KING & it is my ready money in the year 2000!!! I think you are still better than most Singaporean Young Men in Singapore Today!! SAVING more important!! I am now very old but still holding a lot of CASH!!
@@joshconsultancy Very True!! My Cash is becoming the financial foundation for my own enterprise!! I try to emulate Singapore's FAR EAST CONSORTIUM of Mr. Ng Teng Feng!! My cash are in business!! I will return to Singapore in future to grow a family office in Singapore too!! I LOVE SINGAPORE!!!!
Happy Birthday Josh! thanks for insights. do you feel financially free yet? i get a feeling that it is still not enough to have a choice to stop working - but isn't it strange? 1.7m is really a lot of value already.
Cool, several hours ago, i just commented on your first networth video in 2021, asking if you would do one in 2023. My estimate of your networth today was closer to $2mil. So i was quite right. What is your target networth at 50 yrs old?
By compounding it will become a much bigger number. The kicker comes if I grow the business well in the next few years. Its my key focus now not the projected net worth
Congrats as well. Just a few thoughts: 1) i don't think SA as well along with Medisave should be considered as wealth unless you're close to 65. 2) You seem to be splitting to too many individual stocks and specifics such that it seems like shooting all around and not focused. Why not follow that fee only based financial provider and just focus all / mostly on the low-cost world MSCI index ETF?
Thank you. SA can be consumed when FRS is filled or if touch wood dire medical condition Investing broad base has its merits. Not shooting around. I believe I'm well versed in stock investing and is an art I also teach. Cya around and hope it answers well
Cpf is your money. You can always pledge your property if you want to extract more SA out at 55. Cpf is a way to prevent oneself from making stupid decisions
Yeah, of course, it is your money cause u will get a payout eventually at 65. So perhaps 55 or 65, then include it. At 39, it seems a bit too early, same for SRS as well ( even though u technically can take it out, you have to pay a penalty and all the taxes owed). You can only touch some of the returns at 62. If you exclude these portions, including house and OA, the current returns will not generate the $6k that he wants for FIRE now especially where most of his investments are still fluctuating like Etherium & China growth which will not give you cash dividend consistently.
@@joshconsultancy yeah "shooting all around" seems a wrong phrase. As per comment above because like SRS & Cpf & other more volatile items like Etherium, you will not consistently get $6k of income flow every month now (maybe 55,62 or 65 yes) but again FIRE is not something you are looking for as well.
@@bkoh1771 I'm only 35 and I also include it in my balance sheet (reached 7 figures in net worth including cpf with FRS & BHS late last year or early this year); I'm a non-condo pro CPF SA MA route guy. It's great for long term planning and legacy distributions. I don't think he is talking about FIRE in this video.
Happy Birthday. I'm quite surprised you only have 20k as emergency fund? I thought the general rule of thumb is to have at least 6 x monthly salary as money for the rainy day?
Hi we cannot be sure there is a crash. Unless your portfolio is very skewed to 1 stock, there may be no need to hedge. When "hedge" you give up potential upside. THere is also a question when to "unhedge" Simplify, check your cash balances and if its health, be ready to ride the down and up
Nice honest break down! Happy Birthday Josh! Was wondering, I only started investing in stocks after dabbling into it during the covid period and have currently roughly $20k invested in both HK and US exchanges. I have a small war chest ready to buy in "soon" as I feel markets are dipping close to the bottom. Would you include watches and possibly gold jewerly as part of an "investment" and could it be included into a person's networth? I've been buying watches for the last 10yrs and have accumulated a box of them, hence should I value my watches base on current market value or the amount i paid for them when I purchased them? Thanks
Thank you for the well wishes. By right they have resale value they should count. Value them at cost maybe?. In accounting, its always putting a lower value
Happy Birthday Josh! Did you top up beyond the maximum tax relief for SRS annually? The amount of $260k seems quite high (17 years x $15.3k) though the bulk of it could possibly be from market returns.
That’s one downside on SRS is that when we withdraw, we need to pay tax on 50% of the withdrawal. So the more we profit from SRS , the more we need to pay govt 😢
@@joshconsultancy I benefited from the covid 19 and Ukraine war effect on stock market , if you can do a video on what you think will happen on the yield curve goes up the horizontal line as I see that recessions always occur thereafter. Will be good to hear your view on this.
Dogs? Investing is about understanding what you own, buying them at a reasonable price and as what buffett said, dont mind stock market closes for 5y. In recent years, its been about growth in US vs dividend in singapore and the discussion unfortunately becomes a showdown of gains
Hi josh. Beside all these investment plans. Do u have any insurance plans bought for your family members and yourself? Maybe i missed out your earlier post on your utube.
Oh yes certainly. Annuity plan only provides income stream. Some tips in this tutorial Check - REVEALING MY INSURANCE PORTFOLIO | WHICH INSURANCE PLAN TO GET IN SINGAPORE! ruclips.net/video/Ixm8JHdbRM8/видео.htmlsi=QebKE4JzteZIn5b4
Relax on it, some periods are down some are up. Some see this down period as buying opportunity also. Unlike what advertisements like to harp on immediate results, in real investing there may not be immediate results... Money is already made in the buying and not by mr market showing better price next week 👌 Hope it answers well
Hi, as of now with high interest, endowment plans have less of an appeal for guaranteed returns. I don’t know your full context but $500/m may be quite a big policy to commit to. I’ve a video on SsB bond ladder, check it out as an alternative too k 👌🏻
Do you think holding index funds and never touching it until retirement is a good investment strategy for average Singaporeans? Is dumping everything into some S&P 500 index funds valid, or should we diversify and hold global index funds? Also there's the whole US dividend withdrawing tax thing, so some people buy Irish-domiciled ETFs instead to track the index. What do you recommend?
Happy Birthday! Just wondering, why did you choose Syfe Custom instead of using Syfe trade? Since Syfe Custom you will need to pay for the Syfe management fees and ETF expense ratio, where as if you use Syfe trade the cost will be lower
There is a rough formula which is 25x annual expenses. In my case $6000/m x12 x 25 = $1.5m for financial freedom for investment assets to last Take with pinch of salt k. Ive some videos explaining on it
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Hi Josh whats your referral code for this?
Amazing video! Happy Birthday Josh and thank you for being honest and transparent with your viewers 🫡
🙏🙏 I hope to lead by example
You are considered as a millionaire, at such a young age. Congats, stay prudent and enjoy. c",)
Thank you thank you. I hope to teach and be an example
What an achievement. Well done. 👍
Appreciate the sharing and transparency.
1.7 million views for this one.
🙏 Thank you for the high praise. Hope to lead by example
Insightful sharing. Thank you! Happy birthday Josh!!
Hey Demi, thank you for the well wishes 🙏
Happy belated birthday to you , Josh! You are doing great and your videos have been helpful, be it reminder or new knowledge.
Thank you for the well wishes and the high praise =)
Wow! You're amazing Josh! Thanks for sharing! ❤❤❤
All the best in your journey too =)
Happy Birthday Josh and hope you enjoyed your stay in Malaysia!
Yes! Short trip also for the kids la.
You in KL now or back?
Glad you are not spoiling your sons and teaching them the right values and work ethic.
Yes! It’s v important to me
It is very useful to save our money on different bucket. Thank you.
Happy birthday Josh🎉 Thanks for the sharing and insights given!
You are welcome. Thank you for the well wishes
Can I say that job income is most important to start saving and allocating to different investments? The reason your networth is about $2 million at 39 is due to your above average job income.
Building up income is definitely needed
Happy Birthday Bro. HUAT AH....all the way
Huat ah! wishing you the best also
U are very transparent…
I teach openly and hopefully lets make money less of a taboo subject
1.7 million can only buy small condo in singapore, can't buy landed property leh... If HDB in prime area, can buy 2 units.
HDB can only but 1 based on rules
Great job. You have a diversified portfolio. Impressive.
Thank you for the high praise 🙏
Great video and thanks for your transparency. When calculating net worth do you keep track of how much is contribution from inheritance. Wonder what that looks like in your case.
My parents are still around.
Yes it should still add to anyone's net worth.
Happy CNY =)
Happy birthday and great job with the accumulation. Btw should we include residential home as part of the net worth since it’s not immediately available for use ?
Thank you for the well wishes.
The net value after loan should be as it gets passed on if one passes away
Thank you for the transparent sharing.
Question: why you take $6K * 25 ?
very inspiring, well done Josh.
Thank you 🙏
But how does this net worth make u financially free? If someone has a fully paid condo worth 2mil that he and his family lives in, and no other assets, his net worth is 2mil, but is he financially free?
True. Home is not an asset. Hence I’ve always advocated prudence
Wow very great achievement at this age!!! Are you still working full time ?
Thank you for the praise. Wealth is for family. That’s been my focus 🙂
Josh!!~You are only ok only at age of 39 with S$1.72 million networth but your cash is too little!! When I was your age I left Singapore in 1988 after 10 years work in UPPER THOMSON, my cash networth was US$542,000.00 (S$1,083,500.00) in CASH!! Another 2 properties in HK & China!! CASH is KING & it is my ready money in the year 2000!!! I think you are still better than most Singaporean Young Men in Singapore Today!! SAVING more important!! I am now very old but still holding a lot of CASH!!
Cash not king. Cash must move 😅
@@joshconsultancy Very True!! My Cash is becoming the financial foundation for my own enterprise!! I try to emulate Singapore's FAR EAST CONSORTIUM of Mr. Ng Teng Feng!! My cash are in business!! I will return to Singapore in future to grow a family office in Singapore too!! I LOVE SINGAPORE!!!!
Happy Birthday Josh! thanks for insights. do you feel financially free yet?
i get a feeling that it is still not enough to have a choice to stop working - but isn't it strange? 1.7m is really a lot of value already.
Financially free now? I would think maybe or v close.
Not a key focus at this stage though. I hope to build something bigger that I can be proud of =)
Can retire to Malaysia or Thailand and live very well on that. Geo Arbitrage
I got that zebra shirt too thou yellow in colour 😊
I knew got market demand! ... thought of bringing it to SG to retail lol
Cool, several hours ago, i just commented on your first networth video in 2021, asking if you would do one in 2023. My estimate of your networth today was closer to $2mil. So i was quite right. What is your target networth at 50 yrs old?
By compounding it will become a much bigger number.
The kicker comes if I grow the business well in the next few years. Its my key focus now not the projected net worth
noticed your SRS statement Total Cost is $286K but valuation at time of screenshot is 257K which means a paper loss of almost 30K 😱
Yes its exposure to REITs naturally the value has decreased.
Total capital is lower. There were gains in previous years no worries
Congrats as well. Just a few thoughts:
1) i don't think SA as well along with Medisave should be considered as wealth unless you're close to 65.
2) You seem to be splitting to too many individual stocks and specifics such that it seems like shooting all around and not focused. Why not follow that fee only based financial provider and just focus all / mostly on the low-cost world MSCI index ETF?
Thank you.
SA can be consumed when FRS is filled or if touch wood dire medical condition
Investing broad base has its merits. Not shooting around. I believe I'm well versed in stock investing and is an art I also teach.
Cya around and hope it answers well
Cpf is your money. You can always pledge your property if you want to extract more SA out at 55. Cpf is a way to prevent oneself from making stupid decisions
Yeah, of course, it is your money cause u will get a payout eventually at 65. So perhaps 55 or 65, then include it. At 39, it seems a bit too early, same for SRS as well ( even though u technically can take it out, you have to pay a penalty and all the taxes owed). You can only touch some of the returns at 62.
If you exclude these portions, including house and OA, the current returns will not generate the $6k that he wants for FIRE now especially where most of his investments are still fluctuating like Etherium & China growth which will not give you cash dividend consistently.
@@joshconsultancy yeah "shooting all around" seems a wrong phrase. As per comment above because like SRS & Cpf & other more volatile items like Etherium, you will not consistently get $6k of income flow every month now (maybe 55,62 or 65 yes) but again FIRE is not something you are looking for as well.
@@bkoh1771 I'm only 35 and I also include it in my balance sheet (reached 7 figures in net worth including cpf with FRS & BHS late last year or early this year); I'm a non-condo pro CPF SA MA route guy. It's great for long term planning and legacy distributions. I don't think he is talking about FIRE in this video.
Happy Birthday. I'm quite surprised you only have 20k as emergency fund? I thought the general rule of thumb is to have at least 6 x monthly salary as money for the rainy day?
Wife side has no worries. I see it as a family emergency cash
congrats Josh. that's inspiring at your age.👍
Thank you. Yes I hope to lead by example
Happy belated birthday and wish you all the best 🎉
Thank you Shawn 🙏
Josh, you can buy and keep some gold. All that glitters excites me.😂
Ah I prefer Bitcoin as the new age gold
hi josh, thanks for the content.
which cold wallet are you using?
Hi, I got the most basic one. Ledger Nano S Plus. shop.ledger.com/?r=628be765001a
Hi Josh, i would like to know what are your hedging strategies in case of a market crash (similar to 2008)
Hi we cannot be sure there is a crash. Unless your portfolio is very skewed to 1 stock, there may be no need to hedge.
When "hedge" you give up potential upside. THere is also a question when to "unhedge"
Simplify, check your cash balances and if its health, be ready to ride the down and up
Nice honest break down! Happy Birthday Josh! Was wondering, I only started investing in stocks after dabbling into it during the covid period and have currently roughly $20k invested in both HK and US exchanges. I have a small war chest ready to buy in "soon" as I feel markets are dipping close to the bottom. Would you include watches and possibly gold jewerly as part of an "investment" and could it be included into a person's networth? I've been buying watches for the last 10yrs and have accumulated a box of them, hence should I value my watches base on current market value or the amount i paid for them when I purchased them? Thanks
Thank you for the well wishes.
By right they have resale value they should count. Value them at cost maybe?. In accounting, its always putting a lower value
Happy Birthday Josh! Did you top up beyond the maximum tax relief for SRS annually? The amount of $260k seems quite high (17 years x $15.3k) though the bulk of it could possibly be from market returns.
Thank you 🙏
From market returns investing into Singapore stocks
That’s one downside on SRS is that when we withdraw, we need to pay tax on 50% of the withdrawal. So the more we profit from SRS , the more we need to pay govt 😢
You are in a good financial position. 🎉
I need to be if I want to advice on finances :)
@@joshconsultancy I benefited from the covid 19 and Ukraine war effect on stock market , if you can do a video on what you think will happen on the yield curve goes up the horizontal line as I see that recessions always occur thereafter. Will be good to hear your view on this.
Happy birthday Josh🎂
Thank you for the well wishes =)
hi josh, are you ble to comment on the dogs of sti dividend investing strategy? is it a good approach?
Dogs?
Investing is about understanding what you own, buying them at a reasonable price and as what buffett said, dont mind stock market closes for 5y.
In recent years, its been about growth in US vs dividend in singapore and the discussion unfortunately becomes a showdown of gains
why don't you stake your eth bro, please don't use the centralize but instead run your own validator
In cold wallet. Not sure about own validator
Looking healthy. Congrats.
Good health good wealth! Huat ah! =)
Happy birthday bro 💪
Thank you =)
Hi josh. Beside all these investment plans. Do u have any insurance plans bought for your family members and yourself? Maybe i missed out your earlier post on your utube.
Oh yes certainly. Annuity plan only provides income stream.
Some tips in this tutorial
Check - REVEALING MY INSURANCE PORTFOLIO | WHICH INSURANCE PLAN TO GET IN SINGAPORE! ruclips.net/video/Ixm8JHdbRM8/видео.htmlsi=QebKE4JzteZIn5b4
Josh, good work 👏
Thank you, subs and stay tuned for more =)
any thoughts on your REITs investments? Seems like they're doing very poorly.
Relax on it, some periods are down some are up. Some see this down period as buying opportunity also.
Unlike what advertisements like to harp on immediate results, in real investing there may not be immediate results...
Money is already made in the buying and not by mr market showing better price next week 👌 Hope it answers well
@@joshconsultancy Okay thanks, hard to remain calm when I keep seeing it drop
Happy Birthday!
🙏🙏 Thank you
Hi Josh , Not too understand how Annunity Plan works and why need to do redemption now . Please to enlighten . Thanks
Hi, redemption of loan if there is. Not selling policy.
Hope it clarifies
J Tan, commendable
Hi Josh! May I ask, would you recommend me putting aside $500/month into an endowment plan instead? Maybe premium term of 10 years.
Hi, as of now with high interest, endowment plans have less of an appeal for guaranteed returns. I don’t know your full context but $500/m may be quite a big policy to commit to. I’ve a video on SsB bond ladder, check it out as an alternative too k 👌🏻
I think i have 800k or slightly above alittle of net worth at 33 😅
Only competition is against your 30yo self. Only goal is satisfaction 👌
Humble 👍🏻
Happy birthday to you Josh
Thank you for the well wishes =)
Do you think holding index funds and never touching it until retirement is a good investment strategy for average Singaporeans? Is dumping everything into some S&P 500 index funds valid, or should we diversify and hold global index funds? Also there's the whole US dividend withdrawing tax thing, so some people buy Irish-domiciled ETFs instead to track the index. What do you recommend?
Dumping all into S&P500 seems to stem from over optimism from recent performance. Back in 2000-2007 it didnt seem so.
@@joshconsultancy What about holding like 40+ years, for a very very long horizon?
Hi, how do you own a private property and a HDB at the same time ?
I paid ABSD in 2017. This sharing done some years back has some details k ruclips.net/video/T0f_bjlLB-c/видео.htmlsi=xK3CVcphxDvxz6e0
Happy Birthday!
Just wondering, why did you choose Syfe Custom instead of using Syfe trade? Since Syfe Custom you will need to pay for the Syfe management fees and ETF expense ratio, where as if you use Syfe trade the cost will be lower
Thank you for the well wishes =)
You've a point. I've automated the purchase previously with syfe custom
Mind sharing what SRS brokerage u use?
I use LimTan where I worked as an intern 16years ago 😅
does wifey have separate investment portfolio?
Yes she has
Any investment to any private equity?
Dont have and not on horizon also
Wow. Millionaire
You need to 20x your networth by 45 years old.....
Avoid get rich quicks
Hi Josh, just wondering why you dont consider UOB One which can give you ard 5% for 100k? Though it is abt the same as REITs but this is more liquid.
Its interest income which will in long term lose to inflation. Reits regardless of price trend presents real estate assets to you to build wealth k
@@joshconsultancy thanks for your response. That makes sense
Come KL Bojio bro
Haha, you reside in KL?
Jio leh next time come kl hahaha
You live there?
Yeaaa, thanks to your sharing on sgx stocks so I can diversify from bursa down south 😎
Don understand what u mean $6000 x 25 time = $150,000 (what does this value means ??)
There is a rough formula which is 25x annual expenses.
In my case $6000/m x12 x 25 = $1.5m for financial freedom for investment assets to last
Take with pinch of salt k. Ive some videos explaining on it
@@joshconsultancyshould be 1.8m?
@@roflolmaomgoops you are right
Hi Josh, why multiply by 25? Do you assume you have 25 years of retirement life?
You look & sound older than 39 😅
😅
i made some bad choices. same age as u only 990k. 300k annual income pretax. 😢.
excluding my spouse.
Wealth is for your future self and family. There will be people with more, there will be people with less.
As long as there is progress be happy k
Happy Birthday 🎉
🙏😀