From $1M to $10M: The Singaporean Wealth Playbook
Financial Freedom Is More Than Just a Paycheck in Singapore...
This article is written by Shernice, if you like my article please hit the like button or do repost.
🌟 Life in Singapore can feel like a big, bustling race! 🏃♀️💨 With the high cost of living and everyone scrambling for the same slice of the pie, staying ahead isn’t just about working hard—it’s about working smart! 💡✨
Sure, upgrading your skills is great (especially if job restructuring forces you to pivot 😅), but that’s only part of the puzzle. The real magic happens when you start building your wealth through investments and passive income. Think of it as planting little money trees 🌱💰 that grow and grow, giving you shade for retirement. 🌳✨
Thanks to inflation (and some property magic 🏠📈), becoming a millionaire is no longer a far-off dream—it’s pretty common these days! But guess what? Hitting $1 million is just the warm-up. The real adventure? Climbing to $10 million! 🚀💎
After a bit of detective work on Suntec REIT, here’s what I found: 20 years ago, it debuted on the stock market at a charming 97.5 cents per unit back in 2004. Over the years, it’s been quite generous, paying out $1.20 in dividends. Fast forward to last Friday, its price closed at $1.21.
When we add everything up, the total return is around 182%. Not bad at all! But here’s the catch—while it’s a decent investment, turning this into a magical $1 million requires some serious starting cash, at least half a million dollars.
In short, Suntec REIT is steady and reliable, but it’s not exactly a get-rich-quick ticket. More like a cozy long-term companion for your portfolio!
So, keep hustling smart, grab those opportunities, and let’s make those money dreams come true! 🐾💕
Imagine you're buying a snug little nest for $1M. You bring your shiny "golden egg" of $250K as a down payment and borrow the rest. Over the next 5 years, your "nesting costs" (interest payments) are $19.5K a year. Fast forward a bit, and your cozy nest grows in value—you sell it for $1.5M.
Sounds like a chirpy little win, right? But wait! When you tally up all the birdseed spent (interest, agent fees, sales costs, stamp duty for the next nest, and renovations), your actual gain shrinks to under $300K. Of course, you'll get another lovely nest to call home but reset your mortgage clock back to year zero.
In the end, your $250K golden egg earns you an additional $300K in 5 years, a return of 120%.Is it a good investment? Well, for a bird with no other tree to perch on, it might be the coziest branch around. But for others, there might be taller trees to climb!
Comments
I'd try try to build up a diversified portfolio :
1. Endowment & equity fund for long-term investment of 10yrs.
2. Stock investment for short-term growth investment.
However, it's not easy to maintain consistent gains from Equity & Stock investment via various fund/stock switches.